Peapack-Gladstone Financial Co. (PGC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Peapack-Gladstone Financial Co. (NASDAQ:PGC) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,391 shares of the financial services provider’s stock after selling 2,892 shares during the period. Rhumbline Advisers owned approximately 0.09% of Peapack-Gladstone Financial worth $574,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV raised its position in shares of Peapack-Gladstone Financial by 95.8% during the fourth quarter. KBC Group NV now owns 5,483 shares of the financial services provider’s stock valued at $192,000 after buying an additional 2,683 shares during the last quarter. California Public Employees Retirement System increased its stake in Peapack-Gladstone Financial by 8.6% in the third quarter. California Public Employees Retirement System now owns 37,746 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 2,981 shares during the period. Algert Global LLC increased its stake in Peapack-Gladstone Financial by 27.4% in the third quarter. Algert Global LLC now owns 22,917 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 4,930 shares during the period. Wells Fargo & Company MN increased its stake in Peapack-Gladstone Financial by 57.4% in the third quarter. Wells Fargo & Company MN now owns 17,818 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 6,495 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Peapack-Gladstone Financial by 7.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 103,498 shares of the financial services provider’s stock valued at $3,625,000 after acquiring an additional 7,238 shares during the period. 69.39% of the stock is owned by institutional investors and hedge funds.

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NASDAQ PGC opened at $33.71 on Thursday. The stock has a market capitalization of $646.27, a P/E ratio of 17.58 and a beta of 0.99. Peapack-Gladstone Financial Co. has a twelve month low of $29.20 and a twelve month high of $38.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.30.

Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.47 earnings per share for the quarter. The firm had revenue of $39.19 million for the quarter. Peapack-Gladstone Financial had a net margin of 21.05% and a return on equity of 9.42%.

A number of analysts recently weighed in on PGC shares. BidaskClub raised shares of Peapack-Gladstone Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Hovde Group reissued a “buy” rating and issued a $39.00 target price on shares of Peapack-Gladstone Financial in a research note on Thursday, February 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Peapack-Gladstone Financial in a research note on Monday, February 5th.

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Peapack-Gladstone Financial Company Profile

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Private Wealth Management. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.

Institutional Ownership by Quarter for Peapack-Gladstone Financial (NASDAQ:PGC)

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