Will earnings report, end it’s winning streak? Peapack-Gladstone Financial (NASDAQ:PGC)

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Earnings results for Peapack-Gladstone Financial (NASDAQ:PGC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.33 and increased over the past month from 0.31 to 0.33(6.45%). Of the 2 analysts making quarterly forecasts, 2raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.42 and increased over the past month from 1.36 to 1.42(4.41%). Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.

Peapack-Gladstone Financial last issued its quarterly earnings results on May 5th, 2020. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $0.47. The business earned $46.26 million during the quarter, compared to analyst estimates of $45.41 million. Peapack-Gladstone Financial has generated $2.44 earnings per share over the last year and currently has a price-to-earnings ratio of 8.8. Peapack-Gladstone Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, July 31st, 2020 based off prior year’s report dates.

Analyst Opinion on Peapack-Gladstone Financial (NASDAQ:PGC)

3 Wall Street analysts have issued ratings and price targets for Peapack-Gladstone Financial in the last 12 months. Their average twelve-month price target is $33.50, suggesting that the stock has a possible upside of 96.25%. The high price target for PGC is $33.50 and the low price target for PGC is $33.50. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Peapack-Gladstone Financial has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $33.50, Peapack-Gladstone Financial has a potential upside of 96.3% from its current price of $17.07. Peapack-Gladstone Financial has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Peapack-Gladstone Financial (NASDAQ:PGC)

Peapack-Gladstone Financial has a dividend yield of 1.22%, which is in the bottom 25% of all stocks that pay dividends. Peapack-Gladstone Financial does not have a long track record of dividend growth. The dividend payout ratio of Peapack-Gladstone Financial is 8.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Peapack-Gladstone Financial will have a dividend payout ratio of 10.81% next year. This indicates that Peapack-Gladstone Financial will be able to sustain or increase its dividend.

Insiders buying/selling: Peapack-Gladstone Financial (NASDAQ:PGC)

In the past three months, Peapack-Gladstone Financial insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,676.00 in company stock. Only 4.49% of the stock of Peapack-Gladstone Financial is held by insiders. 66.99% of the stock of Peapack-Gladstone Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Peapack-Gladstone Financial (NASDAQ:PGC

Earnings for Peapack-Gladstone Financial are expected to grow by 30.28% in the coming year, from $1.42 to $1.85 per share. The P/E ratio of Peapack-Gladstone Financial is 8.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of Peapack-Gladstone Financial is 8.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.93. Peapack-Gladstone Financial has a PEG Ratio of 3.63. PEG Ratios above 1 indicate that a company could be overvalued. Peapack-Gladstone Financial has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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