Stock Track | Peapack Gladstone Soars on Strong Earnings and Positive Analyst Rating

Stock Track

Oct 23, 2024

Shares of Peapack Gladstone (PGC), a financial services company, surged by 5.72% on Tuesday, October 23, 2024, driven by robust quarterly earnings and a positive analyst rating.

Peapack-Gladstone Financial Corp reported better-than-expected earnings for the third quarter ended September 30, 2024. The company posted an adjusted earnings per share (EPS) of $0.43, surpassing analysts' consensus estimate of $0.37. Revenue also rose by 1.3% year-over-year to $56.62 million, exceeding Wall Street's expectations of $55.85 million.

The strong financial performance, coupled with a "Buy" rating from Janney Montgomery, boosted investor confidence in Peapack Gladstone. The positive outlook from the reputable research firm likely contributed to the upward momentum in the stock price.

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The company posted an adjusted earnings per share (EPS) of $0.43, surpassing analysts' consensus estimate of $0.37. Revenue also rose by 1.3% year-over-year to $56.62 million, exceeding Wall Street's expectations of $55.85 million.</p>\n\n<p>The strong financial performance, coupled with a \"Buy\" rating from Janney Montgomery, boosted investor confidence in Peapack Gladstone. The positive outlook from the reputable research firm likely contributed to the upward momentum in the stock price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGC","symbol_name":"皮帕克格拉德斯通金融","start_time":0,"source_url":"","article_id":"1162660341","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162660341","pubTimestamp":1729691542,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Peapack Gladstone , a financial services company, surged by 5.72% on Tuesday, October 23, 2024, driven by robust quarterly earnings and a positive analyst rating.Peapack-Gladstone Financial Corp reported better-than-expected earnings for the third quarter ended September 30, 2024. 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