Peapack-Gladstone Financial is a bank holding company. Through its subsidiary, Peapack-Gladstone Bank (the Bank), Co. provides private banking services to businesses, non-profits and consumers. Co.'s business is conducted through two segments: its banking subsidiary, which involves the delivery of loan and deposit products to customers; and the Bank's Private Wealth Management Division, which includes asset management services provided for individuals and institutions. Co.'s loan portfolio includes: Primary Residential Mortgages; Home Equity Lines of Credit; Junior Lien Loan on Residence; Multifamily and Commercial Real Estate Loans; Commercial and Industrial Loans; and Consumer and Other. We show 54 historical shares outstanding datapoints in our PGC shares outstanding history coverage, used to compute PGC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PGC market cap history over the course of time is important for investors
interested in comparing PGC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PGC versus a peer is one thing; comparing
PGC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PGC can fluctuate over the course of history.
With this page we aim to empower investors researching PGC by allowing them to research the PGC market cap history. |
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Video: The Importance of Market Cap
