Traders NEWS Alert: Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) stock recorded daily change of 0.25% to close at $27.73 with the total traded volume of 244568 shares along average volume of 51972 shares 52 week range of the stock remained $ 23.96 – 36.34 while its day low price was $27.51 and its hit its day high price at $27.88. Its previous closing value stands at $27.66. PGC total market capitalization is $539247553. Currently stocks EPS is $2.32 while its price to earnings ratio is 11.98

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) and the Investment Banking division of Peapack-Gladstone Bank’s wealth brand, Peapack Private, declared their partnership with Boll & Branch, a leading designer and retailer of luxury home goods that are rooted in quality, ethically made and sustainably sourced.

After a thorough review of a myriad of attractive banking offers, the founders of Boll & Branch, Missy and Scott Tannen, and their highly experienced finance team, chose Peapack Private because of the extraordinary thoughtfulness, creativity and responsiveness of its debt financing and structuring leadership team.  This coupled with the client support provided by the bank’s platinum service team, and the growth capital solutions offered by the division, secured the relationship.

David Reid, President and Chief Financial Officer at Boll & Branch said “The team at Peapack Private has been an exceptional partner to us, understanding our business, anticipating and customizing solutions to accommodate our wants and needs throughout our discussions.  We need an astute financial partner who will grow with us and prioritize what’s best for our business, and more importantly, the people behind our business.  Everyone on the Peapack team is smart, helpful and incredibly responsive. We’re proud to work with them and look forward to a long partnership”.

Boll & Branch is known globally for its steadfast commitment to bringing sustainable business practices to the luxury home sector. In just over four years, Boll & Branch has become the world’s largest consumer of Fair Trade Certified™ organic cotton and has supported the livelihoods of thousands of textile workers around the world by mandating fair wages and business practices. As a result, Boll & Branch has become one of the largest e-commerce-first luxury home brands ever and counts hundreds of thousands of Americans, including U.S. Presidents and countless celebrities, as its customers.

Patrick Brocker, Head of Structured Finance for the Peapack Private Investment Banking division, commented, “We respect the heirloom quality products Boll & Branch produces and the incredible reputation the world-class leadership team at Boll & Branch has built through their ethical and fair approach to customers, employees and vendors.  We are like-minded.  Our ultimate goal is to help them achieve their strategic objectives now and in the future.” 

PGC has an operating margin of 68.50% while its profit margin remained 26.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 8.60% for this year while earning per share for the next 5-years is expected to reach at 5.40%.

 The company has 19.57M of outstanding shares and 18.86M shares were floated in the market. The price moved ahead of -0.48% from the mean of 20 days, -0.41% from mean of 50 days SMA and performed -1.09% from mean of 200 days price. Company’s performance for the week was -1.56%, 0.95% for month and YTD performance remained 10.13%.

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