NASDAQ:PGC

Peapack-Gladstone Financial - PGC Stock Forecast, Price & News

$33.64

-0.26 (-0.77%)

(As of 09/30/2022 03:44 PM ET)

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Today's Range: $33.53
▼
$34.22
50-Day Range: $30.26
▼
$36.34
52-Week Range: $27.71
▼
$38.60

Volume: 1,512 shs
Average Volume: 51,157 shs
Market Capitalization: $611.91 million

P/E Ratio: 10.16
Dividend Yield: 0.58%
Price Target: $42.00

Peapack-Gladstone Financial MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 24.3% Upside
$42.00 Price Target
Short Interest: Bearish
1.52% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.40
Based on 4 Articles This Week
Insider Trading: Selling Shares
$126,875 Sold Last Quarter
Proj. Earnings Growth: 7.58%
From $3.96 to $4.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Finance Sector

513th out of 926 stocks

Commercial Banks, Not Elsewhere Classified Industry

23rd out of 36 stocks

2.5

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.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Peapack-Gladstone Financial has a forecasted upside of 24.3% from its current price of $33.80.
Amount of Analyst Coverage
Peapack-Gladstone Financial has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.52% 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 4.8.
Change versus previous month
Short interest in Peapack-Gladstone Financial has recently increased by 4.20%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Peapack-Gladstone Financial has a dividend yield of 0.58%, 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 6.04%. 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 4.69% 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.

3.6

News and Social Media Coverage

News Sentiment
Peapack-Gladstone Financial has a news sentiment score of 1.40. 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 is a higher news sentiment than the 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Peapack-Gladstone Financial this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Peapack-Gladstone Financial to their MarketBeat watchlist in the last 30 days.

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 $126,875.00 in company stock.
Percentage Held by Insiders
Only 6.25% of the stock of Peapack-Gladstone Financial is held by insiders.
Percentage Held by Institutions
74.53% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Peapack-Gladstone Financial are expected to grow by 7.58% in the coming year, from $3.96 to $4.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Peapack-Gladstone Financial is 10.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Peapack-Gladstone Financial is 10.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.06.
Price to Book Value per Share Ratio
Peapack-Gladstone Financial has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Peapack-Gladstone Financial (NASDAQ:PGC) Stock

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; asset and 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; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines at 20 locations. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

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PGC Stock News Headlines

September 30, 2022 | finance.yahoo.com

Peapack-Gladstone Bank Hires Team for Newest Move Into the Life Insurance Premium Finance Business

September 27, 2022 | nasdaq.com

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) insiders sold US$602k worth of stock suggesting impending weakness.

September 22, 2022 | americanbankingnews.com

Peapack-Gladstone Financial (NASDAQ:PGC) Upgraded to "Strong-Buy" at StockNews.com

September 19, 2022 | finance.yahoo.com

Peapack-Gladstone Bank Announces Enhancements to its Subsidiary, Peapack Capital

September 10, 2022 | finance.yahoo.com

Investors in Peapack-Gladstone Financial (NASDAQ:PGC) have made a return of 20% over the past three years

August 30, 2022 | finance.yahoo.com

Peapack-Gladstone Financial Corporation (PGC)

August 11, 2022 | finance.yahoo.com

What Type Of Shareholders Own The Most Number of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Shares?

July 29, 2022 | finance.yahoo.com

Peapack-Gladstone Financial Corporation Reports Strong Second Quarter Results, as Net Interest Margin Continues to Expand

June 28, 2022 | finance.yahoo.com

Peapack-Gladstone Bank Announces Enhancements to its Personal Banking Division

June 28, 2022 | finance.yahoo.com

Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker

June 14, 2022 | seekingalpha.com

PGC Peapack-Gladstone Financial Corporation

June 9, 2022 | finance.yahoo.com

Peapack Private Wealth Management Promotes Amy M. Long to Senior Managing Director, Chief Administrative Officer

June 8, 2022 | finance.yahoo.com

Peapack-Gladstone Bank Promotes Lisa Ciampi, CPA to Senior Vice President, Managing Principal, Head of Operations

May 10, 2022 | seekingalpha.com

Peapack-Gladstone Financial goes ex-dividend tomorrow

May 10, 2022 | nz.finance.yahoo.com

Here's Why I Think Peapack-Gladstone Financial (NASDAQ:PGC) Might Deserve Your Attention Today

April 29, 2022 | nz.finance.yahoo.com

COPY OF Peapack-Gladstone Financial Corporation Reports Strong First Quarter Results, Driven By Noninterest Income Totaling 36% Of Total Revenue

April 29, 2022 | apnews.com

Peapack-Gladstone Financial Corporation Reports Strong First Quarter Results

April 29, 2022 | finance.yahoo.com

Peapack-Gladstone Financial Corporation Reports Strong First Quarter Results

April 15, 2022 | finance.yahoo.com

Bank Subsidiary, Peapack Capital, Celebrates 5th Anniversary

April 15, 2022 | morningstar.com

Peapack Private Investment Banking Advises on Sale of D'Artagnan | Morningstar

April 12, 2022 | finance.yahoo.com

Peapack Private Investment Banking Advises on Sale of D'Artagnan

April 11, 2022 | msn.com

Injured Dog Prompts Animal Cruelty Probe By Peapack & Gladstone Police

March 9, 2022 | finance.yahoo.com

Peapack Private Investment Banking Advises Community Surgical Supply in Sale

February 18, 2022 | finance.yahoo.com

Peapack-Gladstone Financial Corporation -- Moody's affirms Peapack-Gladstone Financial Corporation's ratings (subordinate debt Baa3); outlook stable

February 8, 2022 | finance.yahoo.com

Peapack-Gladstone Bank Appoints Heidi H. Smith, Esq. as Senior Vice President, General Counsel and Corporate Secretary

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PGC Company Calendar

Last Earnings: 7/29/2022
Ex-Dividend for 8/25 Dividend: 8/10/2022
Dividend Payable: 8/25/2022
Today: 9/30/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Commercial banks, not elsewhere classified
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:PGC
CUSIP: 70469910
CIK: 1050743
Web: www.pgbank.com
Phone: (908) 234-0700
Fax: 908-234-0795
Employees: 497
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $42.00
High Stock Price Forecast: $42.00
Low Stock Price Forecast: $42.00
Forecasted Upside/Downside: +24.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.31
Trailing P/E Ratio: 10.16
Forward P/E Ratio: 8.49
P/E Growth: N/A
Net Income: $56.62 million
Net Margins: 25.56%
Pretax Margin: 34.73%
Return on Equity: 11.73%
Return on Assets: 1.01%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 0.98
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $232.31 million
Price / Sales: 2.63
Cash Flow: $3.98 per share
Price / Cash Flow: 8.46
Book Value: $29.32 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 18,190,000
Free Float: 17,053,000
Market Cap: $611.91 million
Optionable: Optionable
Beta: 1.10

Key Executives

Mr. Douglas L. Kennedy (Age 65)
Pres, CEO & Director
Comp: $1.64M

Mr. Jeffrey J. Carfora (Age 63)
Sr. EVP & CFO
Comp: $734.66k

Mr. Robert A. Plante (Age 62)
Exec. VP & COO
Comp: $546.65k

Mr. John P. Babcock (Age 64)
Sr. EVP & Pres of Peapack Private Wealth Management
Comp: $1.01M

Mr. Gregory Martin Smith (Age 55)
Sr. Exec. VP & Pres of Commercial Banking
Comp: $561.4k

Mr. Francesco S. Rossi (Age 46)
Sr. VP & Chief Accounting Officer

Mr. Eric H. Waser (Age 61)
Exec. VP & Head of Investment Banking

Mr. Kevin B. Runyon
Exec. VP, Chief Information & Digital Officer and Head of Information Technology

Ms. Maureen E. Hemhauser
Exec. VP, Chief Risk Officer & Head of Compliance

Rosanne Schwab
Assistant VP of PR & Corp. Communications Mang.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PGC Stock - Frequently Asked Questions

Should I buy or sell Peapack-Gladstone Financial stock right now?: 1 Wall Street 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 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 forecast for 2022?: 1 analysts have issued 12 month price objectives for Peapack-Gladstone Financial's shares. Their PGC share price forecasts range from $42.00 to $42.00. On average, they anticipate the company's share price to reach $42.00 in the next year. This suggests a possible upside of 23.1% 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 2022?: Peapack-Gladstone Financial's stock was trading at $35.40 at the beginning of the year. Since then, PGC stock has decreased by 3.6% and is now trading at $34.13.
View the best growth stocks for 2022 here.
When is Peapack-Gladstone Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PGC earnings forecast.
How were Peapack-Gladstone Financial's earnings last quarter?: Peapack-Gladstone Financial Co. (NASDAQ:PGC) issued its quarterly earnings data on Friday, July, 29th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.26. The financial services provider earned $61.40 million during the quarter, compared to the consensus estimate of $59.40 million. Peapack-Gladstone Financial had a net margin of 25.56% and a trailing twelve-month return on equity of 11.73%.
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 Thursday, July 28th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.05 per share on Thursday, August 25th. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, August 10th.
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 0.58%. The dividend payout ratio is 6.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGC will have a dividend payout ratio of 4.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGC.
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).
What is Peapack-Gladstone Financial's stock symbol?: Peapack-Gladstone Financial trades on the NASDAQ under the ticker symbol "PGC."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Peapack-Gladstone Financial's stock price today?: One share of PGC stock can currently be purchased for approximately $34.13.
How much money does Peapack-Gladstone Financial make?: Peapack-Gladstone Financial (NASDAQ:PGC) has a market capitalization of $620.82 million and generates $232.31 million in revenue each year. The financial services provider earns $56.62 million in net income (profit) each year or $3.31 on an earnings per share basis.
How many employees does Peapack-Gladstone Financial have?: The company employs 497 workers across the globe.
How can I contact Peapack-Gladstone Financial?: Peapack-Gladstone Financial's mailing address is 500 HILLS DRIVE, BEDMINSTER NJ, 07921. The official website for the company is www.pgbank.com. The financial services provider can be reached via phone at (908) 234-0700, via email at jcarfora@pgbank.com, or via fax at 908-234-0795.

This page (NASDAQ:PGC) was last updated on 9/30/2022 by MarketBeat.com Staff

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Peapack-Gladstone Financial - PGC Stock Forecast, Price & News

Peapack-Gladstone Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month