Nuveen Asset Management LLC Has $3.09 Million Stock Holdings in Peapack-Gladstone Financial Co. (NASDAQ:PGC)

Nuveen Asset Management LLC boosted its position in Peapack-Gladstone Financial Co. (NASDAQ:PGC) by 29.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 172,383 shares of the financial services provider’s stock after purchasing an additional 39,358 shares during the period. Nuveen Asset Management LLC owned about 0.92% of Peapack-Gladstone Financial worth $3,094,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Peapack-Gladstone Financial by 16.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 237,948 shares of the financial services provider’s stock worth $7,353,000 after purchasing an additional 33,440 shares during the period. BNP Paribas Arbitrage SA increased its stake in Peapack-Gladstone Financial by 161.8% in the first quarter. BNP Paribas Arbitrage SA now owns 5,835 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 3,606 shares during the last quarter. AQR Capital Management LLC increased its stake in Peapack-Gladstone Financial by 115.6% in the fourth quarter. AQR Capital Management LLC now owns 53,458 shares of the financial services provider’s stock valued at $1,652,000 after acquiring an additional 28,665 shares during the last quarter. Bank of Montreal Can increased its stake in Peapack-Gladstone Financial by 147.3% in the fourth quarter. Bank of Montreal Can now owns 146,582 shares of the financial services provider’s stock valued at $4,530,000 after acquiring an additional 87,300 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Peapack-Gladstone Financial in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 67.12% of the company’s stock.

PGC has been the topic of a number of research analyst reports. ValuEngine lowered shares of Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Piper Sandler upgraded shares of Peapack-Gladstone Financial from a “neutral” rating to an “overweight” rating in a research report on Tuesday, May 12th. BidaskClub lowered shares of Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research report on Monday, June 15th. Finally, Zacks Investment Research lowered shares of Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.25.

Shares of NASDAQ:PGC opened at $18.21 on Wednesday. The firm has a market cap of $317.29 million, a PE ratio of 9.44, a price-to-earnings-growth ratio of 3.86 and a beta of 1.16. The firm’s fifty day moving average is $18.19 and its 200-day moving average is $23.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.04. Peapack-Gladstone Financial Co. has a 52 week low of $11.15 and a 52 week high of $31.72.

Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.47). The business had revenue of $46.26 million for the quarter, compared to analyst estimates of $45.41 million. Peapack-Gladstone Financial had a return on equity of 7.52% and a net margin of 15.64%. Sell-side analysts forecast that Peapack-Gladstone Financial Co. will post 1.36 EPS for the current year.

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

Featured Article: Why do commodities matter?

Want to see what other hedge funds are holding PGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peapack-Gladstone Financial Co. (NASDAQ:PGC).

Institutional Ownership by Quarter for Peapack-Gladstone Financial (NASDAQ:PGC)

Receive News & Ratings for Peapack-Gladstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peapack-Gladstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.