A Director at Peapack-Gladstone Financial Corp is Exercising Options

By Carrie Williams

Today, a Director at Peapack-Gladstone Financial Corp, Philip W. Smith, exercised options of Peapack-Gladstone Financial Corp for $80.25K. The options were close to expired and Philip W. Smith disposed stocks.

Following Philip W. Smith’s last PGC Sell transaction on December 12, 2016, the stock climbed by 5.5%. In addition to Philip W. Smith, one other PGC executive reported Sell trades in the last month.

Based on Peapack-Gladstone Financial Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $46.32 million and quarterly net profit of $10.21 million. In comparison, last year the company earned revenue of $37.38 million and had a net profit of $7.12 million. The company has a one-year high of $37.30 and a one-year low of $28.24. PGC’s market cap is $642.8M and the company has a P/E ratio of 18.57.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy PGC with a $39 price target.

In the last 30 days, insiders have sold $80.25K worth of PGC shares and purchased $54.05K worth of PGC shares. The insider sentiment on Peapack-Gladstone Financial Corp has been positive according to 46 insider trades in the past three months. This sentiment is slightly 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 through its wholly owned subsidiary, Peapack-Gladstone Bank and its trust division, PGB Trust and Investments. The company focuses on the areas of wealth management, consumer lending, and retail baking-deposits.