Stock Rating Upgrade
The Value Trend Rating for Peapack-Gladstone Financial Corp (NASDAQ: PGC) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Peapack-Gladstone Financial Corp (NASDAQ: PGC) stock increased 1.8% on 4/8/24. The shares closed at $23.97. However, trading volume in this advance was below average at 78% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PGC is expected to continue to be a modest Value Builder.
Peapack-Gladstone Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Peapack-Gladstone Financial has a very high Appreciation Score of 85 but a neutral Power Rating of 43, producing the Positive Value Trend Rating.
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