Should I buy or sell Peapack-Gladstone Financial stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peapack-Gladstone Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PGC shares. View PGC analyst ratings or view top-rated stocks .

What is Peapack-Gladstone Financial's stock price target for 2024?

1 brokerages have issued 12-month price targets for Peapack-Gladstone Financial's stock. Their PGC share price targets range from $30.50 to $30.50. On average, they predict the company's stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price. View analysts price targets for PGC or view top-rated stocks among Wall Street analysts .

How have PGC shares performed in 2024?

Peapack-Gladstone Financial's stock was trading at $29.82 at the beginning of 2024. Since then, PGC stock has decreased by 22.0% and is now trading at $23.26. View the best growth stocks for 2024 here .

When is Peapack-Gladstone Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our PGC earnings forecast .

How were Peapack-Gladstone Financial's earnings last quarter?

Peapack-Gladstone Financial Co. (NASDAQ:PGC) posted its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. The financial services provider had revenue of $54.27 million for the quarter, compared to analyst estimates of $54.91 million. Peapack-Gladstone Financial had a net margin of 12.94% and a trailing twelve-month return on equity of 9.03%.

How often does Peapack-Gladstone Financial pay dividends? What is the dividend yield for Peapack-Gladstone Financial?

Peapack-Gladstone Financial declared a quarterly dividend on Tuesday, December 19th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.05 per share on Friday, February 23rd. This represents a $0.20 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, February 7th. Read our dividend analysis for PGC .

Is Peapack-Gladstone Financial a good dividend stock?

Peapack-Gladstone Financial (NASDAQ:PGC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.86%. The dividend payout ratio is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGC will have a dividend payout ratio of 6.94% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PGC .

What ETF holds Peapack-Gladstone Financial's stock?

First Trust Dow Jones Select MicroCap Index Fund holds 43,011 shares of PGC stock, representing 0.76% of its portfolio.

What is Douglas Kennedy's approval rating as Peapack-Gladstone Financial's CEO?

13 employees have rated Peapack-Gladstone Financial Chief Executive Officer Douglas Kennedy on Glassdoor.com . Douglas Kennedy has an approval rating of 93% among the company's employees. This puts Douglas Kennedy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Peapack-Gladstone Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Peapack-Gladstone Financial investors own include Energy Transfer (ET) , Alliance Resource Partners (ARLP) , CBL & Associates Properties (CBL) , Cornerstone Total Return Fund (CRF) , Martin Midstream Partners (MMLP) , SandRidge Permian Trust (PER) , C3.ai (AI) , Cornerstone Strategic Value Fund (CLM) , Ford Motor (F) and Frontier Communications (FTR) .

How do I buy shares of Peapack-Gladstone Financial?

Shares of PGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:PGC

Peapack-Gladstone Financial (PGC) Stock Price, News & Analysis

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Free PGC Stock Alerts

$23.26

+0.06 (+0.26%)

(As of 04/15/2024 ET)

Compare

Today's Range: $22.95
▼
$23.50
50-Day Range: $22.63
▼
$25.72
52-Week Range: $21.58
▼
$31.49

Volume: 61,058 shs
Average Volume: 80,537 shs
Market Capitalization: $412.87 million

P/E Ratio: 8.58
Dividend Yield: 0.86%
Price Target: $30.50

Get Peapack-Gladstone Financial alerts:

Peapack-Gladstone Financial MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 31.1% Upside
$30.50 Price Target
Short Interest: Healthy
3.81% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.74
Based on 2 Articles This Week
Insider Trading: Selling Shares
$135,090 Sold Last Quarter
Proj. Earnings Growth: 30.32%
From $2.21 to $2.88 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Finance Sector

187th out of 873 stocks

Commercial Banks, Not Elsewhere Classified Industry

8th out of 28 stocks

3.5

Analyst's Opinion

Consensus Rating
Peapack-Gladstone Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Peapack-Gladstone Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.81% of the float of Peapack-Gladstone Financial has been sold short.
Short Interest Ratio / Days to Cover
Peapack-Gladstone Financial has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in Peapack-Gladstone Financial has recently decreased by 4.32%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Peapack-Gladstone Financial has a dividend yield of 0.86%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Peapack-Gladstone Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Peapack-Gladstone Financial is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Peapack-Gladstone Financial will have a dividend payout ratio of 6.94% next year. This indicates that Peapack-Gladstone Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PGC.

2.1

News and Social Media Coverage

News Sentiment
Peapack-Gladstone Financial has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Peapack-Gladstone Financial this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Peapack-Gladstone Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $135,090.00 in company stock.
Percentage Held by Insiders
Only 7.18% of the stock of Peapack-Gladstone Financial is held by insiders.
Percentage Held by Institutions
72.75% of the stock of Peapack-Gladstone Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Peapack-Gladstone Financial are expected to grow by 30.32% in the coming year, from $2.21 to $2.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Peapack-Gladstone Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Peapack-Gladstone Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.38.
Price to Book Value per Share Ratio
Peapack-Gladstone Financial has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Peapack-Gladstone Financial Stock (NASDAQ:PGC)

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates; and commercial loan clients include business owners, professionals, retailers, contractors, and real estate investors. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

PGC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PGC Stock News Headlines

April 8, 2024 | globenewswire.com

Peapack Private Announces New York City Expansion

April 7, 2024 | benzinga.com

Peapack Gladstone Finl Stock (NASDAQ:PGC), Analyst Ratings, Price Targets, Predictions

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 6, 2024 | americanbankingnews.com

Peapack-Gladstone Financial (NASDAQ:PGC) Price Target Lowered to $30.50 at Keefe, Bruyette & Woods

April 2, 2024 | globenewswire.com

Peapack Private Hires Joanne Gagliardi, Senior Managing Director

April 2, 2024 | globenewswire.com

Dawn Kasulke Joins Peapack Private as Senior Managing Director, Team Leader

March 18, 2024 | globenewswire.com

Peapack Private Investment Banking Advises Super Stud Building Products, Inc. and Affiliates on the Sale to EB Metals, Inc.

March 16, 2024 | finance.yahoo.com

PGC Apr 2024 22.500 put

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 14, 2024 | finance.yahoo.com

Peapack-Gladstone Financial Full Year 2023 Earnings: In Line With Expectations

February 29, 2024 | health.usnews.com

Senior Living Communities Near Peapack and Gladstone, NJ

February 29, 2024 | health.usnews.com

Memory Care Communities Near Peapack and Gladstone, NJ

February 27, 2024 | globenewswire.com

Peapack Private Hires Ron Bezoza as Senior Managing Director - Managing Principal, Head of Sales and Relationship Management

January 29, 2024 | finance.yahoo.com

Peapack Private Moves to Park Avenue

January 27, 2024 | msn.com

Peapack-Gladstone Releases Informational Presentation Materials

January 25, 2024 | finance.yahoo.com

Peapack-Gladstone Financial Corporation Reports Fourth Quarter Results

January 25, 2024 | finance.yahoo.com

Peapack Gladstone Financial Corp (PGC) Reports Fourth Quarter Earnings Amid Economic Challenges

January 23, 2024 | wsj.com

Peapack-Gladstone Financial Corp.

January 17, 2024 | finance.yahoo.com

Investors in Peapack-Gladstone Financial (NASDAQ:PGC) have unfortunately lost 22% over the last year

January 11, 2024 | finance.yahoo.com

Peapack-Gladstone Bank Appoints Rich Johnston as President, Peapack Capital, a Subsidiary of Peapack-Gladstone Bank

December 21, 2023 | morningstar.com

Peapack Gladstone Financial Corp PGC

December 20, 2023 | stockhouse.com

Peapack-Gladstone Bank's Boonton Charity Christmas Tree Sale Supports Sound Start Foundation

October 25, 2023 | finance.yahoo.com

Ronald Andersen, Senior Managing Director, Commercial Private Banker, at Peapack-Gladstone Bank Named to CIANJ Board of Directors

October 25, 2023 | msn.com

Here's What Key Metrics Tell Us About Peapack-Gladstone (PGC) Q3 Earnings

October 25, 2023 | finance.yahoo.com

Peapack Gladstone Financial Corp (PGC) Q3 2023 Earnings: A Mixed Bag Amid Economic Challenges

September 30, 2023 | msn.com

Get to Know the Somerset Hills Board of Education Candidates Series: Peapack-Gladstone Candidate Heather Santoro Answers Week 2 Questions

September 28, 2023 | msn.com

73-Year-Old Bicyclist Hit By Pick-Up Truck In Peapack & Gladstone

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 2/23 Dividend: 2/07/2024
Dividend Payable: 2/23/2024
Today: 4/16/2024
Next Earnings (Estimated): 4/23/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:PGC
CUSIP: 70469910
CIK: 1050743
Web: www.pgbank.com
Phone: (908) 234-0700
Fax: 908-234-0795
Employees: 521
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $30.50
High Stock Price Target: $30.50
Low Stock Price Target: $30.50
Potential Upside/Downside: +31.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.71
Trailing P/E Ratio: 8.58
Forward P/E Ratio: 10.52
P/E Growth: N/A
Net Income: $48.85 million
Net Margins: 12.94%
Pretax Margin: 17.82%
Return on Equity: 9.03%
Return on Assets: 0.79%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 0.98
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $377.59 million
Price / Sales: 1.09
Cash Flow: $3.81 per share
Price / Cash Flow: 6.10
Book Value: $32.76 per share
Price / Book: 0.71

Miscellaneous

Outstanding Shares: 17,750,000
Free Float: 16,477,000
Market Cap: $412.87 million
Optionable: Optionable
Beta: 0.99

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Key Executives

Mr. Douglas L. Kennedy (Age 67)
President, CEO & Director
Comp: $1.62M
Mr. Frank A. Cavallaro (Age 55)
Senior EVP & CFO
Comp: $525.58k
Mr. Robert A. Plante (Age 64)
Executive VP & COO
Comp: $491.93k
Mr. John P. Babcock (Age 66)
Senior EVP & President of Peapack Private Wealth Management
Comp: $986.51k
Mr. Gregory Martin Smith (Age 57)
Senior Executive VP & President of Commercial Banking
Comp: $518.22k
Mr. Francesco S. Rossi (Age 48)
Senior VP & Chief Accounting Officer
Mr. Eric H. Waser (Age 63)
Executive VP & Head of Investment Banking
Comp: $422.6k
Mr. Kevin B. Runyon
Executive VP, Chief Information & Digital Officer and Head of Information Technology
Ms. Maureen E. Hemhauser
Executive VP, Chief Risk Officer & Head of Compliance
Rosanne Schwab
Assistant VP of Public Relations & Corporate Communications Manager

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PGC Stock Analysis - Frequently Asked Questions

Should I buy or sell Peapack-Gladstone Financial stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peapack-Gladstone Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PGC shares.
View PGC analyst ratings or view top-rated stocks.
What is Peapack-Gladstone Financial's stock price target for 2024?: 1 brokerages have issued 12-month price targets for Peapack-Gladstone Financial's stock. Their PGC share price targets range from $30.50 to $30.50. On average, they predict the company's stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
View analysts price targets for PGC or view top-rated stocks among Wall Street analysts.
How have PGC shares performed in 2024?: Peapack-Gladstone Financial's stock was trading at $29.82 at the beginning of 2024. Since then, PGC stock has decreased by 22.0% and is now trading at $23.26.
View the best growth stocks for 2024 here.
When is Peapack-Gladstone Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our PGC earnings forecast.
How were Peapack-Gladstone Financial's earnings last quarter?: Peapack-Gladstone Financial Co. (NASDAQ:PGC) posted its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. The financial services provider had revenue of $54.27 million for the quarter, compared to analyst estimates of $54.91 million. Peapack-Gladstone Financial had a net margin of 12.94% and a trailing twelve-month return on equity of 9.03%.
How often does Peapack-Gladstone Financial pay dividends? What is the dividend yield for Peapack-Gladstone Financial?: Peapack-Gladstone Financial declared a quarterly dividend on Tuesday, December 19th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.05 per share on Friday, February 23rd. This represents a $0.20 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, February 7th.
Read our dividend analysis for PGC.

Is Peapack-Gladstone Financial a good dividend stock?: Peapack-Gladstone Financial (NASDAQ:PGC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.86%. The dividend payout ratio is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGC will have a dividend payout ratio of 6.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGC.
What ETF holds Peapack-Gladstone Financial's stock?: First Trust Dow Jones Select MicroCap Index Fund holds 43,011 shares of PGC stock, representing 0.76% of its portfolio.
What is Douglas Kennedy's approval rating as Peapack-Gladstone Financial's CEO?: 13 employees have rated Peapack-Gladstone Financial Chief Executive Officer Douglas Kennedy on Glassdoor.com. Douglas Kennedy has an approval rating of 93% among the company's employees. This puts Douglas Kennedy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Peapack-Gladstone Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Peapack-Gladstone Financial investors own include Energy Transfer (ET), Alliance Resource Partners (ARLP), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), C3.ai (AI), Cornerstone Strategic Value Fund (CLM), Ford Motor (F) and Frontier Communications (FTR).
How do I buy shares of Peapack-Gladstone Financial?: Shares of PGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PGC) was last updated on 4/16/2024 by MarketBeat.com Staff

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Peapack-Gladstone Financial (PGC) Stock Price, News & Analysis

Peapack-Gladstone Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Peapack-Gladstone Financial Stock (NASDAQ:PGC)

PGC Stock Price History

PGC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PGC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™