Peapack-Gladstone Financial (PGC)

• Market cap: $574M
• 1 day: -2.74%
• 5 days: -7.64%
• 1 month: 1.65%
• 3 months: -8.70%
• 6 months: 24.00%
• Year to date: 4.75%
• 1 year: 41.22%
• 5 years: 5.32%
• 10 years: 66.50%
• Sector: Financials
• Industry: Commercial Banks

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 Q4 regulatory filings by fund managers ($100M+ AUM)

250% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 6

28% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 40

22% more capital invested

Capital invested by funds: $360M [Q3] → $439M (+$78.1M) [Q4]

11% more funds holding

Funds holding: 122 [Q3] → 135 (+13) [Q4]

3.71% more ownership

Funds ownership: 74.35% [Q3] → 78.06% (+3.71%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

73% less call options, than puts

Call options by funds: $19K | Put options by funds: $71K

Research analyst outlook

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

• Low target: $44 35% upside
• Avg. target: $44 35% upside
• High target: $44 35% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Keefe, Bruyette & Woods Christopher O'Connell 78% 1-year accuracy 18 / 23 met price target

35% upside $44

Outperform Maintained

4 Dec 2024