Peapack-Gladstone Financial Corp is an AMEX listed security that has been trading in a range between $24.00 and $32.47 over the past year. With 8,286,600 shares outstanding, a recent price of $27.80 gives a total market capitalization of $224,566,863. While there are certainly larger companies, Peapack-Gladstone Financial Corp has definitely earned its place in the pack. Last year, Peapack-Gladstone Financial Corp created $1.16 in earnings for every share outstanding.
Peapack-Gladstone Financial Corp is currently priced by the market at 23.50 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Peapack-Gladstone Financial Corp could be an interesting value proposition.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment