Earnings results for Peapack-Gladstone Financial (NASDAQ:PGC)
Peapack-Gladstone Financial Corporation is estimated to report earnings on 10/30/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.64. The reported EPS for the same quarter last year was $0.63.
Peapack-Gladstone Financial last released its earnings results on October 28th, 2020. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. Peapack-Gladstone Financial has generated $2.44 earnings per share over the last year and currently has a price-to-earnings ratio of 9.6. Peapack-Gladstone Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, February 3rd, 2021 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 $28.75, predicting that the stock has a possible upside of 69.32%. The high price target for PGC is $33.50 and the low price target for PGC is $24.00. 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 $28.75, Peapack-Gladstone Financial has a forecasted upside of 69.3% from its current price of $16.98. 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 1.19%, 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 10.87% 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 $19,732.00 in company stock. Only 4.49% of the stock of Peapack-Gladstone Financial is held by insiders. 68.74% 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 21.85% in the coming year, from $1.51 to $1.84 per share. The P/E ratio of Peapack-Gladstone Financial is 9.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.75. The P/E ratio of Peapack-Gladstone Financial is 9.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.58. Peapack-Gladstone Financial has a PEG Ratio of 3.09. PEG Ratios above 1 indicate that a company could be overvalued. Peapack-Gladstone Financial has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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