Insider Heat: Vincent Spero Sold 3000 shares of Peapack-Gladstone Financial Corp (NASDAQ:PGC) in an Insider Trade

November 23, 2016 - By Marie Mckinney

Insider Heat: Vincent Spero Sold 3000 shares of Peapack Gladstone Financial Corp (NASDAQ:PGC) in an Insider Trade

Vincent Spero Insider Sell

Peapack Gladstone Financial Corp EVP & Chief Lending Officer Vincent Spero on the 23-11-2016 unloaded a total of 3,000 shares of the New Jersey-based Peapack Gladstone Financial Corp worth roughly $78,839 U.S Dollars. This is based on an average market price per share of $26.3 U.S Dollars. Dated 23-11-2016 the trade report is free at your disposal here. The regulatory filing shows that Vincent Spero now owns about 0.45% of the New Jersey-based company’s market cap

Insitutional Activity: The institutional sentiment increased to 2.18 in 2016 Q2. Its up 0.74, from 1.44 in 2016Q1. The ratio improved, as 8 funds sold all Peapack-Gladstone Financial Corp shares owned while 19 reduced positions. 13 funds bought stakes while 26 increased positions. They now own 10.21 million shares or 1.34% more from 10.07 million shares in 2016Q1.

Blackrock Investment Management Llc last reported 0% of its portfolio in the stock. Blackrock, a New York-based fund reported 5,488 shares. Ulysses Mgmt Ltd Llc accumulated 4,648 shares or 0.01% of the stock. Federated Pa accumulated 0% or 126 shares. Cornerstone Capital Mgmt Ltd Limited Liability Company last reported 47,983 shares in the company. Jpmorgan Chase And owns 6,741 shares or 0% of their US portfolio. Secor Cap Advsrs Lp accumulated 0.04% or 15,349 shares. Rhumbline Advisers holds 0% of its portfolio in Peapack-Gladstone Financial Corp (NASDAQ:PGC) for 17,806 shares. Legal & General Gru Public Limited Liability Company has 0% invested in the company for 2,762 shares. Invesco Ltd holds 0% of its portfolio in Peapack-Gladstone Financial Corp (NASDAQ:PGC) for 25,105 shares. Tiaa Cref Inv Mngmt Ltd Llc last reported 0% of its portfolio in the stock. Banc Funds Ltd Liability Corporation accumulated 1.35M shares or 1.46% of the stock. State Street reported 213,882 shares or 0% of all its holdings. Seidman Lawrence B reported 17,392 shares or 0.22% of all its holdings. Goldman Sachs Gp has 0% invested in the company for 10,363 shares.

Insider Transactions: Since June 8, 2016, the stock had 6 insider purchases, and 0 selling transactions for $126,608 net activity. CARFORA JEFFREY J also bought $19,374 worth of Peapack-Gladstone Financial Corp (NASDAQ:PGC) on Wednesday, June 8. 1,000 Peapack-Gladstone Financial Corp (NASDAQ:PGC) shares with value of $18,950 were bought by Waser Eric H. On Friday, June 10 WELSH BETH bought $11,520 worth of the stock or 600 shares. The insider BABCOCK JOHN P bought $20,044.

About 51,127 shares traded hands or 35.55% up from the average. Peapack-Gladstone Financial Corp (NASDAQ:PGC) has risen 44.62% since April 21, 2016 and is uptrending. It has outperformed by 39.29% the S&P500.

Peapack-Gladstone Financial Corporation is a bank holding company. The company has a market cap of $451.31 million. The Company’s principal subsidiary is Peapack-Gladstone Bank , which is a state chartered commercial bank. It has a 18.44 P/E ratio. The Bank provides private banking services to businesses, non-profits and clients through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey; wealth management division, and branch network in Somerset, Morris, Hunterdon, Middlesex and Union counties.

According to Zacks Investment Research, “The Peapack-Gladstone Financial Corporation is a bank holding company for Peapack-Gladstone Bank. The Bank is primarily dedicated to providing quality, personalized financial, trust and investment services to individuals and small businesses.”

Analysts await Peapack-Gladstone Financial Corp (NASDAQ:PGC) to report earnings on February, 6.

PGC Company Profile

Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Bank provides private banking services to businesses, non-profits and clients through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey; wealth management division, and branch network in Somerset, Morris, Hunterdon, Middlesex and Union counties. The Firm operates through two divisions: Banking and Private Wealth Management Division. The Firm owns approximately 10 branches and leases over 10 branches.

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