Cacti Asset Management buys $1.3 Million stake in Peapack-Gladstone Financial Corp (PGC)

Peapack-Gladstone Financial Corp (PGC) : Cacti Asset Management scooped up 16,244 additional shares in Peapack-Gladstone Financial Corp during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 75,000 shares of Peapack-Gladstone Financial Corp which is valued at $1.3 Million.Peapack-Gladstone Financial Corp makes up approximately 0.14% of Cacti Asset Management’s portfolio.

Many Wall Street Analysts have commented on Peapack-Gladstone Financial Corp. Peapack-Gladstone Financial Corp was Downgraded by Sandler O’Neill to ” Hold” on Feb 3, 2016.

Peapack-Gladstone Financial Corp closed down -0.05 points or -0.30% at $16.8 with 55,184 shares getting traded on Monday. Post opening the session at $16.86, the shares hit an intraday low of $16.75 and an intraday high of $16.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Peapack-Gladstone Financial Corporation is a bank holding company. Peapack-Gladstone Bank (the Bank) is the Company’s principal subsidiary. The Bank is a state chartered commercial bank. The Bank provides private banking services to businesses non-profits and consumers through its private banking locations in Bedminster Morristown Princeton and Teaneck New Jersey its wealth management division and its branch network in Somerset Morris Hunterdon Middlesex and Union counties. The Bank operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial commercial real estate multifamily residential and consumer lending activities; deposit generation; operation of ATMs; telephone and Internet banking services; merchant credit card services and customer support sales. The Bank’s Private Wealth Management Division includes asset management services. The Bank owns 10 branches and leased 12 branches.

Leave a Reply

Peapack-Gladstone Financial Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Peapack-Gladstone Financial Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.