Peapack-Gladstone Financial Corp (NASDAQ:PGC): KBW Reconfirms Buy Rating Today, Has a Target of $45.5/Share

April 16, 2018 - By Maria Brooks

Investors sentiment decreased to 2.03 in 2017 Q4. Its down 0.30, from 2.33 in 2017Q3. It worsened, as 5 investors sold Peapack-Gladstone Financial Corporation shares while 28 reduced holdings. 24 funds opened positions while 43 raised stakes. 12.77 million shares or 2.91% more from 12.41 million shares in 2017Q3 were reported.

Jpmorgan Chase reported 9,794 shares stake. New York State Common Retirement Fund holds 33,754 shares. Price Michael F stated it has 0.44% in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Mendon Cap Advisors owns 229,770 shares for 0.77% of their portfolio. Qs Ltd Liability reported 361 shares. 22,665 are owned by California Pub Employees Retirement. Fsi Gp Limited Liability Company holds 1.79% of its portfolio in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) for 61,435 shares. Basswood Cap Ltd Com has invested 1.48% in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). 47,598 are owned by Indexiq Advsr Ltd Liability Corporation. Barclays Public Lc stated it has 0% of its portfolio in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Brandywine Global Investment Management Ltd Com has 5,358 shares for 0% of their portfolio. Moreover, Goldman Sachs Gru has 0% invested in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) for 85,536 shares. Systematic Fincl Mngmt L P reported 0.03% stake. Panagora Asset owns 7,272 shares or 0% of their US portfolio. Boston Prtnrs invested in 324,163 shares or 0.01% of the stock.

Since December 12, 2017, it had 0 insider purchases, and 3 insider sales for $35,175 activity.

Peapack-Gladstone Financial Corp (NASDAQ:PGC) Rating Reaffirmed

KBW now has a $45.5 TP on the $638.88 million market cap company or 34.93 % upside potential. In a research report shared with investors on 21 December, Peapack-Gladstone Financial Corp (NASDAQ:PGC) shares have had their Buy Rating reiterated by research professionals at KBW.

Investors sentiment decreased to 2.03 in 2017 Q4. Its down 0.30, from 2.33 in 2017Q3. It worsened, as 5 investors sold Peapack-Gladstone Financial Corporation shares while 28 reduced holdings. 24 funds opened positions while 43 raised stakes. 12.77 million shares or 2.91% more from 12.41 million shares in 2017Q3 were reported.

Jpmorgan Chase reported 9,794 shares stake. New York State Common Retirement Fund holds 33,754 shares. Price Michael F stated it has 0.44% in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Mendon Cap Advisors owns 229,770 shares for 0.77% of their portfolio. Qs Ltd Liability reported 361 shares. 22,665 are owned by California Pub Employees Retirement. Fsi Gp Limited Liability Company holds 1.79% of its portfolio in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) for 61,435 shares. Basswood Cap Ltd Com has invested 1.48% in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). 47,598 are owned by Indexiq Advsr Ltd Liability Corporation. Barclays Public Lc stated it has 0% of its portfolio in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Brandywine Global Investment Management Ltd Com has 5,358 shares for 0% of their portfolio. Moreover, Goldman Sachs Gru has 0% invested in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) for 85,536 shares. Systematic Fincl Mngmt L P reported 0.03% stake. Panagora Asset owns 7,272 shares or 0% of their US portfolio. Boston Prtnrs invested in 324,163 shares or 0.01% of the stock.

Since December 12, 2017, it had 0 insider purchases, and 3 insider sales for $35,175 activity.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Ratings Coverage

Among 3 analysts covering Peapack-Gladstone Financial Corp (NASDAQ:PGC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Peapack-Gladstone Financial Corp has $45.5 highest and $35.5000 lowest target. $39.17’s average target is 16.16% above currents $33.72 stock price. Peapack-Gladstone Financial Corp had 6 analyst reports since November 27, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Monday, March 26 by Sandler O’Neill. Hovde Group maintained the stock with “Buy” rating in Thursday, February 1 report. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, November 27. Keefe Bruyette & Woods maintained it with “Buy” rating and $43.0 target in Monday, February 26 report. The stock of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The company was maintained on Monday, February 5 by Keefe Bruyette & Woods.

The stock decreased 0.62% or $0.21 during the last trading session, reaching $33.72. About 6,896 shares traded. Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has risen 10.29% since April 16, 2017 and is uptrending. It has underperformed by 1.26% the S&P500.

Peapack-Gladstone Financial Corporation operates as the bank holding firm for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company has market cap of $638.88 million. The firm operates in two divisions, Banking and Private Wealth Management. It has a 16.61 P/E ratio. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Institutional Positions Chart

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