PEAPACK-GLADSTONE FINANCIAL Experiences Significant Short Interest Drop of 31.8%
December 26, 2022
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Peapack-gladstone Financial Intrinsic Value – PEAPACK-GLADSTONE FINANCIAL ($NASDAQ:PGC) is a full-service private bank and wealth management company which provides its services to individuals, families, businesses, and non-profits in the United States. It is headquartered in Bedminster, New Jersey and is listed on the NASDAQ Global Select Market under the symbol “PGC”. Recently, the company has seen a significant drop in its short interest of 31.8%. It is important to note that short interest is the number of shares sold short by investors who are betting that a stock’s price will decline. A decrease in short interest can be an indication of increasing investor confidence in the stock. The decrease in short interest could be attributed to several factors. Firstly, PEAPACK-GLADSTONE FINANCIAL has been consistently performing well, reporting strong earnings results and increasing its dividend payouts. This has led to increased investor confidence in the stock and a subsequent decrease in short interest.
Additionally, PEAPACK-GLADSTONE FINANCIAL has been actively engaging in strategic investments and acquisitions, which has enabled it to maintain a competitive edge. This has further helped to boost investor confidence and encouraged traders to reduce their short positions on the stock. Finally, the company has been launching a number of innovative products and services which have helped it to remain a leader in the field. This has allowed it to capitalize on new opportunities and capture more market share. All these measures have contributed to the reduction in short interest. Overall, PEAPACK-GLADSTONE FINANCIAL has been able to maintain a strong financial position despite the challenging economic environment. This, coupled with its strategic investments and innovative products, has resulted in a significant drop in its short interest of 31.8%, indicating increasing investor confidence in the stock.
Stock Price
This is good news for the company and its investors, as it implies that the news sentiment overall is positive. On Thursday, PEAPACK-GLADSTONE FINANCIAL opened at $36.2 and closed at $36.8, down by a small margin of 0.1% from the prior closing price. This indicates that the stock is still holding strong despite the short interest drop. The company has seen a steady increase in its stock price over the past few months and investors have been optimistic about its potential for growth. The recent drop in short interest is likely due to investors expecting a more positive outlook for PEAPACK-GLADSTONE FINANCIAL in the near future.
Despite this, the company’s stock is still performing well and investors are confident in its future prospects. The recent drop in short interest could indicate that investors are becoming more bullish about PEAPACK-GLADSTONE FINANCIAL’s future performance. With the stock still trading close to its previous closing price and the news sentiment mostly positive, it seems like investors are optimistic about the company’s outlook. If PEAPACK-GLADSTONE FINANCIAL continues to perform well, it could be a great investment opportunity for investors looking to capitalize on potential growth. 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 Intrinsic Value
PEAPACK-GLADSTONE FINANCIAL is a company whose fundamentals reflect its long term potential, as made simple by the VI app. According to the app, the intrinsic value of PEAPACK-GLADSTONE FINANCIAL share is around $34.2. Currently, the PEAPACK-GLADSTONE FINANCIAL stock is traded at $36.8, which is a fair price but 8% above its intrinsic value. This indicates that the stock’s market value is higher than its real value. With this information, investors can decide whether it is a good time to invest in the company or not. Investors should consider other factors when evaluating a company before making any decisions. Besides looking at the stock’s intrinsic value, they should also consider the company’s financial statements, management performance, competitive advantages, and potential risks. This can help them determine whether the stock is worth investing in or not. Overall, PEAPACK-GLADSTONE FINANCIAL’s fundamentals reflect its long term potential. By using VI app to calculate the intrinsic value of its shares, investors can make informed decisions about whether to invest in the company or not. 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
Investing in PEAPACK-GLADSTONE FINANCIAL can be a lucrative opportunity for investors looking to diversify their portfolio. The company provides a variety of services including banking services, insurance, investments, trust and estate planning, credit, and loan services. PEAPACK-GLADSTONE FINANCIAL has recently seen a significant drop in short interest rate of 31.8%, which could be an indication of investor confidence in the company. With the current news sentiment being mostly positive, this could be a great opportunity for investors to get in on the ground floor. The company is well-known for its commitment to customer service and its competitive rates, making it an attractive option for investors. PEAPACK-GLADSTONE FINANCIAL also offers a variety of investment products, including mutual funds, stock portfolios, bonds, and annuities, allowing investors to diversify their portfolios in order to reduce risk and maximize returns.
For those looking to invest in PEAPACK-GLADSTONE FINANCIAL, it is important to do your research before investing. Be sure to understand the company’s financial history and know what type of investments are available. It is also important to read up on the company’s services and fees associated with investing in the company. Doing your homework can help you make an informed decision about whether or not PEAPACK-GLADSTONE FINANCIAL is the right financial institution for you.
