Peapack-Gladstone Financial Corp. (NASDAQ: PGC)’s stock price has gone rise by 5.08 in comparison to its previous close of 27.15, however, the company has experienced a 10.32% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-19 that BEDMINSTER, NJ, Aug. 19, 2024 (GLOBE NEWSWIRE) — Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces the elevation of MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer at Peapack Private, a division of Peapack-Gladstone Bank, and names her President of PGB Trust & Investments of Delaware, a bank subsidiary. She is a member of the Peapack Private senior leadership team and manages the trust and estate professionals and support personnel in both New Jersey and Delaware who provide trust, estate, agency, IRA, foundation, tax, and custody administration. Ms. Sully joined the wealth management division of the organization in 2007.
Is It Worth Investing in Peapack-Gladstone Financial Corp. (NASDAQ: PGC) Right Now?
The price-to-earnings ratio for Peapack-Gladstone Financial Corp. (NASDAQ: PGC) is above average at 15.23x, Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PGC is 14.63M, and currently, short sellers hold a 3.05% ratio of that floaft. The average trading volume of PGC on September 19, 2024 was 94.86K shares.
PGC’s Market Performance
The stock of Peapack-Gladstone Financial Corp. (PGC) has seen a 10.32% increase in the past week, with a 7.01% rise in the past month, and a 32.88% gain in the past quarter. The volatility ratio for the week is 4.54%, and the volatility levels for the past 30 days are at 3.66% for PGC. The simple moving average for the past 20 days is 6.05% for PGC’s stock, with a 13.91% simple moving average for the past 200 days.
PGC Trading at 8.01% from the 50-Day Moving Average
After a stumble in the market that brought PGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.01% of loss for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 4.54%, as shares surge +9.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.44% upper at present.
During the last 5 trading sessions, PGC rose by +10.32%, which changed the moving average for the period of 200-days by +14.86% in comparison to the 20-day moving average, which settled at $27.02. In addition, Peapack-Gladstone Financial Corp. saw -4.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PGC starting from BABCOCK JOHN P, who sale 10,000 shares at the price of $26.89 back on Sep 05 ’24. After this action, BABCOCK JOHN P now owns 52,155 shares of Peapack-Gladstone Financial Corp., valued at $268,919 using the latest closing price.
BABCOCK JOHN P, the Director of Peapack-Gladstone Financial Corp., proposed sale 10,000 shares at $27.27 during a trade that took place back on Sep 05 ’24, which means that BABCOCK JOHN P is holding shares at $272,700 based on the most recent closing price.
Stock Fundamentals for PGC
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.68 for the gross margin
The net margin for Peapack-Gladstone Financial Corp. stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 5.81, with 0.52 for asset returns.
Based on Peapack-Gladstone Financial Corp. (PGC), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 0.91.
Currently, EBITDA for the company is -38.89 million with net debt to EBITDA at -11.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 9.58for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.20.
Conclusion
In a nutshell, Peapack-Gladstone Financial Corp. (PGC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
