Peapack-Gladstone Financial Corporation (PGC) to Distribute Quarterly Dividend of $0.05 on November 27th

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be paid a dividend of $0.05 per share by the financial services provider on Friday, November 27th. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 12th.

Peapack-Gladstone Financial has a dividend payout ratio of 5.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Peapack-Gladstone Financial to earn $4.73 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 Down 1.3%

Shares of NASDAQ:PGC opened at $45.33 on Friday. The company has a market cap of $803.70 million, a PE ratio of 13.79 and a beta of 0.72. The company’s 50-day moving average price is $44.78 and its 200 day moving average price is $41.15. Peapack-Gladstone Financial has a fifty-two week low of $24.71 and a fifty-two week high of $49.14.

Peapack-Gladstone Financial (NASDAQ:PGC) last posted its earnings results on Tuesday, October 27th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $88.50 million during the quarter, compared to analyst estimates of $90.13 million. Peapack-Gladstone Financial had a net margin of 12.69% and a return on equity of 9.12%. As a group, equities analysts anticipate that Peapack-Gladstone Financial will post 3.60 EPS for the current year.

About Peapack-Gladstone Financial

Peapack-Gladstone Financial Corporation is the holding company for Peapack-Gladstone Bank, a full-service financial institution headquartered in Bedminster, New Jersey. The bank provides commercial, private and personal banking services to businesses, professionals, individuals and families.

Its banking activities include commercial and residential lending, deposits, cash-management services, treasury management, online and mobile banking, and other traditional banking products. Through its wealth-management operations, the company also provides investment management, trust and fiduciary services, financial planning and related advisory solutions.

Founded in 1921, Peapack-Gladstone Bank primarily serves clients in New Jersey and the broader New York metropolitan region, with a focus on privately held businesses, commercial real estate borrowers, high-net-worth individuals and nonprofit organizations.