Peapack-Gladstone Financial
PGC

$26.30

2.08%

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

Financials Commercial Banks

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

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

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$28

6%

upside

Avg. target

$30

14%

upside

High target

$32

22%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Peapack Private Elevates MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer and President of PGB Trust & Investments of Delaware

BEDMINSTER, NJ, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces the elevation of MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer at Peapack Private, a division of Peapack-Gladstone Bank, and names her President of PGB Trust & Investments of Delaware, a bank subsidiary. She is a member of the Peapack Private senior leadership team and manages the trust and estate professionals and support personnel in both New Jersey and Delaware who provide trust, estate, agency, IRA, foundation, tax, and custody administration. Ms. Sully joined the wealth management division of the organization in 2007.

Peapack Private Elevates MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer and President of PGB Trust & Investments of Delaware

Zacks Investment Research

Peapack-Gladstone (PGC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Peapack-Gladstone (PGC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Peapack-Gladstone (PGC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Peapack-Gladstone (PGC) Q2 Earnings Match Estimates

Peapack-Gladstone (PGC) came out with quarterly earnings of $0.42 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.81 per share a year ago.

Peapack-Gladstone (PGC) Q2 Earnings Match Estimates

Peapack-Gladstone Financial Corporation Reports Second Quarter Results

BEDMINSTER, NJ, July 23, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its second quarter 2024 financial results.

Peapack-Gladstone Financial Corporation Reports Second Quarter Results

Wells Fargo exec sees the most loan stress in older office buildings

A Wells Fargo & Co. executive said Tuesday the bank is seeing loan stress in older office buildings as the financial world grapples with lower real-estate values for working space as employees continue working from home.

Wells Fargo exec sees the most loan stress in older office buildings

Moody's Reviewing Six Regional Banks for Possible Downgrades

Shares of six regional banks declined Friday, a day after Moody's placed them on a long-term ratings review for possible downgrades because of their substantial exposure to potentially risky real estate loans.

Moody's Reviewing Six Regional Banks for Possible Downgrades

Moody's puts several U.S. regional banks on downgrade review over commercial real-estate concerns

Moody's Ratings has placed the long-term debt ratings of Old National Bancorp. and several other U.S. regional banks on review for downgrade amid concerns over commercial real-estate exposure.

Moody's puts several U.S. regional banks on downgrade review over commercial real-estate concerns

Zacks Investment Research

Here's What Key Metrics Tell Us About Peapack-Gladstone (PGC) Q1 Earnings

The headline numbers for Peapack-Gladstone (PGC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Peapack-Gladstone (PGC) Q1 Earnings

Peapack-Gladstone Financial Corporation Reports First Quarter Results

BEDMINSTER, NJ, April 23, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its first quarter 2024 financial results.

Peapack-Gladstone Financial Corporation Reports First Quarter Results

Greg Tamberlane Joins Peapack Private as Senior Vice President, Head of Commercial Bank Operations New York

BEDMINSTER, NJ, April 22, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Greg Tamberlane has been appointed as Senior Vice President, Head of Commercial Bank Operations New York, continuing to lead the expansion of Peapack Private's New York City location. Greg will oversee operations for New York, leading a team of financial services professionals to ensure the successful growth of the Company.

Greg Tamberlane Joins Peapack Private as Senior Vice President, Head of Commercial Bank Operations New York

See News Rankings