Peapack Gladstone Financial Corp (NASDAQ:PGC) Institutional Investor Sentiment Is 1.4

Sentiment for Peapack Gladstone Financial Corp (NASDAQ:PGC)

Peapack Gladstone Financial Corp (NASDAQ:PGC) institutional sentiment decreased to 1.4 in Q2 2018. Its down -0.46, from 1.86 in 2018Q1. The ratio turned negative, as 56 investment managers started new or increased positions, while 40 trimmed and sold positions in Peapack Gladstone Financial Corp. The investment managers in our partner’s database now hold: 13.26 million shares, up from 13.21 million shares in 2018Q1. Also, the number of investment managers holding Peapack Gladstone Financial Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 7 Reduced: 33 Increased: 43 New Position: 13.

Peapack-Gladstone Financial Corporation operates as the bank holding firm for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company has market cap of $490.70 million. The firm operates in two divisions, Banking and Private Wealth Management. It has a 11.27 P/E ratio. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.

The stock decreased 2.36% or $0.63 during the last trading session, reaching $26.01. About 57,002 shares traded. Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has risen 4.85% since December 8, 2017 and is uptrending. It has underperformed by 10.77% the S&P500.

Analysts await Peapack-Gladstone Financial Corporation (NASDAQ:PGC) to report earnings on February, 4. They expect $0.61 EPS, up 29.79 % or $0.14 from last year’s $0.47 per share. PGC’s profit will be $11.51 million for 10.66 P/E if the $0.61 EPS becomes a reality. After $0.56 actual EPS reported by Peapack-Gladstone Financial Corporation for the previous quarter, Wall Street now forecasts 8.93 % EPS growth.

Endicott Management Co holds 12.76% of its portfolio in Peapack-Gladstone Financial Corporation for 500,000 shares. Banc Funds Co Llc owns 1.17 million shares or 2.1% of their US portfolio. Moreover, Fsi Group Llc has 1.79% invested in the company for 65,301 shares. The New York-based Basswood Capital Management L.L.C. has invested 1.52% in the stock. Salzhauer Michael, a New York-based fund reported 114,772 shares.

Since January 1, 0001, it had 4 insider purchases, and 0 insider sales for $130,679 activity.

More notable recent Peapack-Gladstone Financial Corporation (NASDAQ:PGC) news were published by: Globenewswire.com which released: “Peapack-Gladstone Bank Hires Heidi H. Smith, Esq. as a Senior Managing Director, Assistant General Counsel – GlobeNewswire” on August 06, 2018, also Globenewswire.com with their article: “Peapack-Gladstone Bank Hires Kenneth R. Geiger, Senior Vice President, Special Assets – GlobeNewswire” published on August 28, 2018, Fool.com.Au published: “Here’s why you can get rich investing in ecommerce shares on the ASX – Motley Fool Australia” on November 12, 2018. More interesting news about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) were released by: Globenewswire.com and their article: “Margaret O. Volk is Promoted to Senior Vice President, Residential Lending Manager at Peapack-Gladstone Bank – GlobeNewswire” published on August 17, 2018 as well as Globenewswire.com‘s news article titled: “Peapack-Gladstone Financial Corporation Announces Enhancements in Light of Tax Reform Benefits – GlobeNewswire” with publication date: February 08, 2018.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Institutional Positions Chart

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