Yesterday, the SEVP & CFO of Peapack-Gladstone Financial (PGC), Jeffrey Carfora, bought shares of PGC for $16.64K.
Following this transaction Jeffrey Carfora’s holding in the company was increased by 1.02% to a total of $1.62 million. Following Jeffrey Carfora’s last PGC Buy transaction on March 17, 2020, the stock climbed by 0.5%.
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Based on Peapack-Gladstone Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $44.6 million and quarterly net profit of $8.24 million. In comparison, last year the company earned revenue of $44.5 million and had a net profit of $12.23 million. The company has a one-year high of $31.72 and a one-year low of $11.15. PGC’s market cap is $311 million and the company has a P/E ratio of 9.30.
Starting in January 2020, PGC received 4 Buy ratings in a row.
The insider sentiment on Peapack-Gladstone Financial has been positive according to 34 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Peapack-Gladstone Financial Corp. engages in the provision of private banking services to businesses, non-profits and consumer. It operates through the Banking and Private Wealth Management segments. The Banking segment provides commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of ATMs; telephone and internet banking services; merchant credit card services; and customer support and sales. The Private Wealth Management segment specializes in asset management services provided for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian; corporate trust services including services as trustee for pension and profit sharing plans; and other financial planning, and advisory services. The company was founded in August 1997 and is headquartered in Bedminster, NJ.
