Peapack-Gladstone Financial (NASDAQ:PGC) Downgraded by Zacks Investment Research to Hold

Peapack-Gladstone Financial stock has undergone multiple analysts rating changes in the recent past.  Peapack-Gladstone Financial Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Peapack-Gladstone Financial traded down -$0.22 on Wednesday, reaching $33.13. 0 shares of the stock traded hands, compared to its average volume of 46587. Shares of Peapack-Gladstone Financial were trading at $33.13 on Wednesday. The firm’s 50 day moving average is $33.02 and its 200 day moving average is $30.68.Peapack-Gladstone Financial has a 12 month low of $32.71 and a 12 month high of $34.67. While on yearly highs and lows, Peapack-Gladstone Financial’s today has traded high as $33.50 and has touched $32.71 on the downward trend. See More Analyst Rating at: RATING

Peapack-Gladstone Financial Earnings and What to expect: 

Peapack-Gladstone Financial last announced its quarterly earnings data on July 27th, 2021. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm earned $51.52 million during the quarter, compared to analysts’ expectations of $49.27 million. Peapack-Gladstone Financial has generated $1.37 earnings per share over the last year ($2.28 diluted earnings per share) and currently has a price-to-earnings ratio of 14.5. Earnings for Peapack-Gladstone Financial are expected to remain at $2.95 per share in the coming year. Peapack-Gladstone Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 27th, 2021 based off prior year’s report dates.

Earnings for Peapack-Gladstone Financial are expected to remain at $2.95 per share in the coming year. The P/E ratio of Peapack-Gladstone Financial is 14.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.72. The P/E ratio of Peapack-Gladstone Financial is 14.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.54. Peapack-Gladstone Financial has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Peapack-Gladstone Financial (NASDAQ:PGC) Moving Average Technical Analysis

5 day Moving Average is $33.52 And 5 day price change is -$0.47 (-1.40%)  with average volume for 5 day average is 22,420. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $33.19 and 20 day price change is $0.40 (1.22%) and average 20 day moving volume is 48,790. 50 day moving average is $33.02  and 50 day price change is $1.01 ( 3.14%)  and with average volume for 50 days is : 45,996. 200 day moving average is $30.68  and 200 day price change is $10.33 (45.31%)  and with average volume for 200 days is : 54,641.

Other owners latest trading in Peapack-Gladstone Financial :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 6,878 which equates to market value of $0.21M and appx 0.00% owners of Peapack-Gladstone Financial
  • On 8/23/2021 shares held by Morgan Stanley were 4,680 which equates to market value of $0.15M and appx 0.00% owners of Peapack-Gladstone Financial
  • On 8/17/2021 shares held by Wells Fargo & Company MN were 4,201 which equates to market value of $0.13M and appx 0.00% owners of Peapack-Gladstone Financial
  • In total Institutional ownership equates to Institutional Ownership Percentage: 70.39% for Peapack-Gladstone Financial

See More Analyst Rating at: RATING