SG Americas Securities LLC Purchases 3,312 Shares of Peapack-Gladstone Financial Co. (NASDAQ:PGC)

SG Americas Securities LLC raised its position in Peapack-Gladstone Financial Co. (NASDAQ:PGC) by 48.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,158 shares of the financial services provider’s stock after acquiring an additional 3,312 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Peapack-Gladstone Financial worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Peapack-Gladstone Financial by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 903,093 shares of the financial services provider’s stock worth $21,972,000 after purchasing an additional 9,991 shares during the period. Boston Partners raised its position in Peapack-Gladstone Financial by 1.6% in the first quarter. Boston Partners now owns 762,659 shares of the financial services provider’s stock worth $18,339,000 after acquiring an additional 12,226 shares during the period. Wellington Management Group LLP boosted its stake in shares of Peapack-Gladstone Financial by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 564,178 shares of the financial services provider’s stock worth $16,824,000 after acquiring an additional 24,083 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Peapack-Gladstone Financial by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 275,576 shares of the financial services provider’s stock worth $6,242,000 after acquiring an additional 36,564 shares during the last quarter. Finally, Salzhauer Michael grew its position in shares of Peapack-Gladstone Financial by 5.1% during the 2nd quarter. Salzhauer Michael now owns 152,339 shares of the financial services provider’s stock valued at $3,450,000 after acquiring an additional 7,429 shares during the period. 72.75% of the stock is owned by hedge funds and other institutional investors.

Peapack-Gladstone Financial Trading Down 3.1 %

Peapack-Gladstone Financial stock opened at $29.68 on Monday. Peapack-Gladstone Financial Co. has a 12-month low of $20.30 and a 12-month high of $30.78. The firm has a market capitalization of $524.74 million, a price-to-earnings ratio of 15.87 and a beta of 0.99. The firm has a 50 day moving average of $27.30 and a 200 day moving average of $24.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

Peapack-Gladstone Financial (NASDAQ:PGC) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $100.79 million for the quarter, compared to the consensus estimate of $56.80 million. Peapack-Gladstone Financial had a net margin of 8.50% and a return on equity of 5.91%. As a group, research analysts predict that Peapack-Gladstone Financial Co. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $32.00 target price (up from $28.00) on shares of Peapack-Gladstone Financial in a research report on Monday, July 29th.

Insider Activity

In other news, EVP John P. Babcock sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $26.89, for a total transaction of $268,900.00. Following the sale, the executive vice president now directly owns 52,155 shares in the company, valued at $1,402,447.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.18% of the company’s stock.

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 Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.