Peapack-Gladstone Financial Stock Price Surpasses 200 Day Moving Average of $35.38
January 18, 2023
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PEAPACK-GLADSTONE ($NASDAQ:PGC): Peapack-Gladstone Financial Corporation is a publicly-traded bank holding company based in Bedminster, New Jersey. The company provides a comprehensive suite of banking and financial services to local individuals, businesses and high net-worth clients across New Jersey and the surrounding area. Recently, the stock price of Peapack-Gladstone Financial has surpassed the 200 day moving average of $35.38. This is a significant milestone for the company as it demonstrates the robust growth of the company’s stock price over the long term. The company’s success has been driven by its focus on meeting the financial needs of its customers.
It offers a wide variety of products and services such as deposit accounts, loans, mortgages, investments, and trust services. Peapack-Gladstone also provides specialized services such as commercial real estate lending, cash management, and wealth management solutions. The company’s commitment to its customers has been reflected in its financial performance over the last few years. Its net income has grown steadily over the last three years, while its total assets have more than doubled.
Share Price
On Thursday, PEAPACK-GLADSTONE FINANCIAL stock opened at $36.1 and closed at $36.4, up by 1.6% from prior closing price of 35.9. The surge in stock prices can be attributed to the company’s impressive growth over the past few months. PEAPACK-GLADSTONE FINANCIAL has also been investing heavily in new technologies, such as its digital banking platform, which will help it gain more customers.
Additionally, the company has been expanding its presence in other states in the US, which has been a major factor in its growth. Investors should keep an eye on this stock as it could continue to rise in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Peapack-gladstone Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 68.52 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Peapack-gladstone Financial. More…
| Operations | Investing | Financing |
| 75.46 | -753.8 | 171.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Peapack-gladstone Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.09k | 5.57k | – |
Key Ratios Snapshot
Some of the financial key ratios for Peapack-gladstone Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
PEAPACK-GLADSTONE FINANCIAL is classified as a ‘cheetah’ type of company, which reflects its long term potential, according to the VI Star Chart. This type of company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in this type of company may be looking for growth potential, but should be aware of the associated risks. PEAPACK-GLADSTONE FINANCIAL has a high health score of 9/10 with respect to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. The company also scores strongly in growth, asset and dividend metrics, and is medium in terms of profitability. Overall, PEAPACK-GLADSTONE FINANCIAL has strong fundamentals and can be a good investment opportunity for investors looking to capitalize on the company’s long-term potential. However, they should also be aware of the associated risks and do their due diligence before investing. More…
VI Peers
The bank has $5.7 billion in assets and operates 78 branches in New Jersey and New York. The bank’s primary competitors are Glarner Kantonalbank, BOK Financial Corp, and Ledyard Financial Group Inc.
– Glarner Kantonalbank ($LTS:0QV3)
Glarner Kantonalbank is a regional bank based in Glarus, Switzerland. The bank was founded in 1862 and has a market capitalization of 336.15 million as of 2022. The bank provides a range of banking and financial services to individuals and businesses in Switzerland.
– BOK Financial Corp ($NASDAQ:BOKF)
The company’s market cap is 7.02B as of 2022. The company is a leading provider of financial services in the United States, with operations in all 50 states. The company offers a full range of banking, asset management, and mortgage services to consumers, businesses, and institutions. The company has more than 2,000 branches and over 8,000 ATM’s.
– Ledyard Financial Group Inc ($OTCPK:LFGP)
Ledyard Financial Group Inc is a bank holding company. The Company’s principal business activity is owning and operating Ledyard National Bank, a full-service community bank offering a range of deposit, lending, and other financial services to individuals, businesses, and organizations in central New Hampshire and Vermont. As of December 31, 2016, the Company operated through 18 banking offices located in New Hampshire and Vermont.
Summary
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has seen its stock price recently surpass its 200 day moving average of $35.38, indicating positive investor sentiment in the company. Analysts have praised the company’s strong balance sheet, solid asset quality, and steady loan growth, which have allowed it to deliver consistent dividend payments.
In addition, the company has a strong capital position, with total assets exceeding total liabilities. Investors are also encouraged by the company’s focus on cash flow generation, which has enabled it to fund acquisitions and investments in recent years. Overall, Peapack-Gladstone Financial appears to be a strong investment option for those looking for a secure place to put their money.
