Peapack-Gladstone (PGC) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Peapack-Gladstone (PGC) - Peapack-Gladstone currently holds a Momentum Style Score of B, indicating potential for solid momentum [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with Style Scores of A or B [4] Performance Metrics - PGC shares have increased by 12.47% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 6.45% [6] - Over the past month, PGC's price change is 19%, significantly higher than the industry's 5.58% [6] - In the last quarter, PGC shares rose by 38.38%, and over the past year, they gained 41.12%, compared to the S&P 500's increases of 9.45% and 33.9%, respectively [7] Trading Volume - PGC's average 20-day trading volume is 108,681 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - Recent earnings estimate revisions show one upward revision for the full year, increasing the consensus estimate from $1.68 to$1.82 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions in the same period [10]