Media coverage about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peapack-Gladstone Financial Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.8807426141847 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Peapack-Gladstone Financial Corporation had a return on equity of 9.12% and a net margin of 19.54%. The business had revenue of $35.14 million during the quarter.
PGC has been the subject of several research analyst reports. ValuEngine raised shares of Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Peapack-Gladstone Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods began coverage on shares of Peapack-Gladstone Financial Corporation in a research report on Monday, July 17th. They set an “outperform” rating and a $38.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Peapack-Gladstone Financial Corporation has an average rating of “Buy” and a consensus price target of $32.00.
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Peapack-Gladstone Financial Corporation Company Profile
Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Company operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services, and customer support sales.
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