Peapack-Gladstone Financial Corp reports results for the quarter ended March 31 - Earnings Summary

• Peapack-Gladstone Financial Corp PGC.OQ reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of four analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 47 cents to 54 cents per share.

• Revenue rose 18.8% to $63.07 million from a year ago; analysts expected $63.83 million.

• Peapack-Gladstone Financial Corp shares had fallen by 4.2% this quarter and lost 15.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Peapack-Gladstone Financial Corp is $36.00

This summary was machine generated from LSEG data April 24 at 04:03 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)