Peapack Gladstone Financial traded at $47.44 this Thursday July 2nd, decreasing $0.89 or 1.84 percent since the previous trading session. Looking back, over the last four weeks, Peapack Gladstone Financial lost 12.58 percent. Over the last 12 months, its price rose by 56.16 percent. Looking ahead, we forecast Peapack Gladstone Financial to be priced at 46.99 by the end of this quarter and at 44.12 in one year, according to Trading Economics global macro models projections and analysts expectations.
Peapack-Gladstone Financial Corporation is a bank holding company. Its principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. Its Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; treasury management services; corporate and industrial (C&I) advisory services; escrow management; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services and customer support services. Its Peapack Private Wealth Management Division or Peapack Private segment includes investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator and custodian, and other financial planning and advisory services. This segment also includes the activity from the Delaware subsidiary, PGB Trust & Investments of Delaware, and Murphy Capital.