Peapack-Gladstone Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Peapack-Gladstone Financial Corp PGC reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of four analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 59 cents to 64 cents per share.

• Revenue rose 17.8% to $66.65 million from a year ago; analysts expected $69.77 million.

• Peapack-Gladstone Financial Corp's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $7.94 million.

• Peapack-Gladstone Financial Corp shares had risen by 5.7% this quarter and lost 6.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% 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 $35.50, about 15.9% above its last closing price of $29.87

This summary was machine generated from LSEG data July 22 at 09:32 p.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)