Peapack Gladstone Financial Corp Sentiment Worsening on Low Stock Potential

May 23, 2018 - By Louis Casey

Sentiment for Peapack Gladstone Financial Corp (NASDAQ:PGC)

Peapack Gladstone Financial Corp (NASDAQ:PGC) institutional sentiment decreased to 2.03 in 2017 Q4. Its down -0.30, from 2.33 in 2017Q3. The ratio dived, as 67 funds opened new or increased stock positions, while 33 cut down and sold stakes in Peapack Gladstone Financial Corp. The funds in our partner’s database now have: 12.77 million shares, up from 12.41 million shares in 2017Q3. Also, the number of funds holding Peapack Gladstone Financial Corp in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 5 Reduced: 28 Increased: 43 New Position: 24.

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 $643.60 million. The firm operates in two divisions, Banking and Private Wealth Management. It has a 16.75 P/E ratio. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.

The stock increased 3.44% or $1.13 during the last trading session, reaching $34.01. About 161,169 shares traded or 144.10% up from the average. Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has risen 10.29% since May 23, 2017 and is uptrending. It has underperformed by 1.26% the S&P500.

Endicott Management Co holds 9.2% of its portfolio in Peapack-Gladstone Financial Corporation for 500,000 shares. Banc Funds Co Llc owns 1.47 million shares or 2.4% of their US portfolio. Moreover, Fsi Group Llc has 1.79% invested in the company for 61,435 shares. The New York-based Salzhauer Michael has invested 1.55% in the stock. Basswood Capital Management L.L.C., a New York-based fund reported 912,140 shares.

Since January 1, 0001, it had 0 buys, and 3 sales for $35,175 activity.

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

Ratings analysis reveals 67% of Peapack-Gladstone Financial Corp’s analysts are positive. Out of 3 Wall Street analysts rating Peapack-Gladstone Financial Corp, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $35.5000 while the high is $45.5. The stock’s average target of $39.17 is 15.17% above today’s ($34.01) share price. PGC was included in 6 notes of analysts from November 27, 2017. Keefe Bruyette & Woods maintained the shares of PGC in report on Thursday, December 21 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $44.5 target in Monday, February 5 report. The company was maintained on Thursday, February 1 by Hovde Group. The stock of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has “Buy” rating given on Monday, February 26 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, November 27 report. As per Monday, March 26, the company rating was maintained by Sandler O’Neill.

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

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