Peapack-Gladstone Financial Corporation (NASDAQ:PGC) to Issue $0.05 Quarterly Dividend

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 13th will be given a dividend of 0.05 per share by the financial services provider on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 13th.

Peapack-Gladstone Financial has a dividend payout ratio of 5.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peapack-Gladstone Financial to earn $4.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.2%.

Peapack-Gladstone Financial Stock Up 0.0%

PGC opened at $46.02 on Friday. The firm has a market cap of $815.38 million, a PE ratio of 15.98 and a beta of 0.71. The business has a fifty day simple moving average of $45.56 and a 200-day simple moving average of $39.17. Peapack-Gladstone Financial has a fifty-two week low of $24.42 and a fifty-two week high of $49.14.

Peapack-Gladstone Financial (NASDAQ:PGC) last announced its earnings results on Sunday, July 26th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Peapack-Gladstone Financial had a return on equity of 7.91% and a net margin of 11.09%.The company had revenue of $86.05 million for the quarter, compared to analyst estimates of $85.17 million. On average, equities research analysts anticipate that Peapack-Gladstone Financial will post 3.7 EPS for the current fiscal year.

Peapack-Gladstone Financial Company Profile

Peapack-Gladstone Financial Corporation is the parent company of Peapack-Gladstone Bank, a New Jersey-chartered commercial bank headquartered in Bedminster, New Jersey, that trades on the NASDAQ under the symbol PGC. Through Peapack-Gladstone Bank, the company offers a broad range of deposit and lending solutions, including checking and savings accounts, residential and commercial real estate loans, lines of credit and treasury management services. Clients benefit from both in-branch relationship banking and an expanding suite of digital banking tools designed to support personal and business financial needs.

Complementing its core banking operations, Peapack-Gladstone Financial provides wealth management, trust and financial planning services through its subsidiary, Peapack-Gladstone Wealth Management.