Peapack-Gladstone FinancialPGC
Market Cap: $465M
About: Peapack Gladstone Financial Corp provides banking services. It operates through two segments namely Banking, which involves the delivery of loans and deposits, and Peapack Private Division which includes asset management services. The banking segment includes commercial real estate, multifamily, residential and consumer lending, deposit generation, and internet banking services. Peapack Private includes asset management services for individuals and institutions; personal trust services, administrator, custodian and guardians, and other financial planning and advisory services.
Employees: 521
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 38
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
0.59% less ownership
Funds ownership: 73.95% [Q1] → 73.36% (-0.59%) [Q2]
3% less funds holding
Funds holding: 117 [Q1] → 113 (-4) [Q2]
7% less capital invested
Capital invested by funds: $319M [Q1] → $295M (-$23.6M) [Q2]
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
82% less call options, than puts
Call options by funds: $25K | Put options by funds: $140K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Christopher O'Connell 75% 1-year accuracy 12 / 16 met price target | 22%upside $32 | Outperform Reiterated | 29 Jul 2024 |
Keefe, Bruyette & Woods Christopher O'Connell 75% 1-year accuracy 12 / 16 met price target | 6%upside $28 | Outperform Maintained | 9 Jul 2024 |