Institutional Investors Are Dumping Peapack Gladstone Financial Corp (NASDAQ:PGC)

June 17, 2018 - By Dolores Ford

Sentiment for Peapack Gladstone Financial Corp (NASDAQ:PGC)

Peapack Gladstone Financial Corp (NASDAQ:PGC) institutional sentiment decreased to 1.86 in 2018 Q1. Its down -0.17, from 2.03 in 2017Q4. The ratio dropped, as 65 hedge funds increased or started new stock positions, while 35 sold and trimmed positions in Peapack Gladstone Financial Corp. The hedge funds in our partner’s database now own: 13.21 million shares, up from 12.77 million shares in 2017Q4. Also, the number of hedge 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: 30 Increased: 49 New Position: 16.

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 $652.69 million. The firm operates in two divisions, Banking and Private Wealth Management. It has a 16.99 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 0.76% or $0.26 during the last trading session, reaching $34.49. About 76,148 shares traded or 16.48% up from the average. Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has risen 17.62% since June 17, 2017 and is uptrending. It has outperformed by 5.05% the S&P500.

Endicott Management Co holds 10.91% of its portfolio in Peapack-Gladstone Financial Corporation for 500,000 shares. Banc Funds Co Llc owns 1.29 million shares or 2.2% of their US portfolio. Moreover, Fsi Group Llc has 2.04% invested in the company for 65,301 shares. The New York-based Salzhauer Michael has invested 1.39% in the stock. Basswood Capital Management L.L.C., a New York-based fund reported 882,284 shares.

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 13.57% above today’s ($34.49) share price. PGC was included in 5 notes of analysts from December 21, 2017. Keefe Bruyette & Woods maintained it with “Buy” rating and $45.5 target in Thursday, December 21 report. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained Peapack-Gladstone Financial Corporation (NASDAQ:PGC) rating on Monday, February 5. Keefe Bruyette & Woods has “Buy” rating and $44.5 target. The firm has “Buy” rating by Hovde Group given on Thursday, February 1. The rating was maintained by Sandler O’Neill with “Hold” on Monday, March 26.

More news for Peapack-Gladstone Financial Corporation (NASDAQ:PGC) were recently published by: Globenewswire.com, which released: “Report: Exploring Fundamental Drivers Behind Vivint Solar, Peapack-Gladstone Financial, Madrigal Pharmaceuticals …” on May 29, 2018. Seekingalpha.com‘s article titled: “Exposure To Defensive Utilities And Telecom With A 7.92% 12-Month Trailing Yield” and published on May 28, 2018 is yet another important article.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.