Peapack-Gladstone Financial Corporation
- Open
- 46.78
- Day high
- 47.34
- Day low
- 46.41
- Prev close
- 46.38
- Volume
- 230K
- Mkt cap
- $833M
- P/E (TTM)
- 18.9
- EPS (TTM)
- $2.49
- P/B
- 1.2
- P/S
- 1.8
- Yield
- 0.43%
- Per share
- $0.20
- ▼Insiders net selling -$490K over the last 3 months (0 open-market buys, 5 sales)
- 🏛Institutions mixed (13F)
Peapack-Gladstone Financial Corporation (PGC) is a Financial Services company listed on NASDAQ. The stock is up 78% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 5 sales (SEC Form 4).
Peapack-Gladstone Financial Corporation (PGC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PGC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 28, 2026 | $0.88 | $0.85 | -2.9% | $86M | +1.1% |
| Apr 22, 2026 | $0.66 | $0.80 | +21.2% | $83M | +4.4% |
| Jan 29, 2026 | $0.65 | $0.69 | +6.2% | $78M | +0.3% |
| Nov 7, 2025 | $0.59 | $0.54 | -8.5% | $70M | -2.9% |
| Jul 21, 2025 | $0.61 | $0.45 | -26.2% | $69M | -5.6% |
| Jan 28, 2025 | $0.47 | $0.52 | +10.6% | $61M | -3.2% |
| Oct 22, 2024 | $0.37 | $0.43 | +16.2% | $56M | -5.8% |
| Jul 23, 2024 | $0.34 | $0.42 | +23.5% | $56M | +3.3% |
| Mar 12, 2024 | — | $0.48 | — | $94M | — |
| Jul 25, 2023 | $0.89 | $0.73 | -18.0% | $57M | -7.7% |
| Mar 13, 2023 | — | $1.12 | — | $81M | — |
| Oct 27, 2022 | $1.09 | $1.09 | +0.0% | $62M | -0.7% |
PGC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | BABCOCK JOHN Pofficer: SEVP & Pres of Priv Wealth Mgt | Sell | 5,000 | $47.11 |
| Jun 30, 2026 | Chalkan Lisaofficer: EVP, Chief Credit Officer | Sell | 1,100 | $47.60 |
| Jun 12, 2026 | ROSSI FRANCESCO Sofficer: SVP/Chief Accounting Officer | Sell | 1,937 | $45.52 |
| Jun 12, 2026 | ROSSI FRANCESCO Sofficer: SVP/Chief Accounting Officer | Sell | 547 | $45.52 |
| Jun 9, 2026 | Spinelli Anthony W.director | Sell | 2,000 | $44.63 |
| Mar 24, 2026 | Chalkan Lisaofficer: EVP, Chief Credit Officer | Grant | 1,928 | — |
| Mar 24, 2026 | Hemhauser Maureenofficer: EVP & Chief Risk Officer | Option | 1,418 | — |
| Mar 24, 2026 | Chalkan Lisaofficer: EVP, Chief Credit Officer | Option | 2,112 | — |
| Mar 24, 2026 | Chalkan Lisaofficer: EVP, Chief Credit Officer | Tax | 463 | $33.18 |
| Mar 24, 2026 | Hemhauser Maureenofficer: EVP & Chief Risk Officer | Option | 942 | — |
| Mar 24, 2026 | BABCOCK JOHN Pofficer: SEVP & Pres of Priv Wealth Mgt | Option | 754 | — |
| Mar 24, 2026 | Smith Gregory Martinofficer: SEVP, President Comml Banking | Option | 1,640 | — |
| Mar 24, 2026 | Smith Gregory Martinofficer: SEVP, President Comml Banking | Option | 1,559 | — |
| Mar 24, 2026 | Vorcheimer Stuart M.officer: EVP, Comm & Ind Lndg | Tax | 427 | $33.18 |
| Mar 24, 2026 | Chalkan Lisaofficer: EVP, Chief Credit Officer | Grant | 5,785 | — |
Source: PGC SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full PGC insider & 13F page →Peapack-Gladstone Financial Corporation company profile
Overview
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) is a regional bank holding company founded in 1921 and headquartered in Bedminster, New Jersey. The company operates through its subsidiary Peapack-Gladstone Bank, which provides specialized private banking and wealth management services primarily in New Jersey. With over a century of operations, PGC has established itself as a boutique financial institution serving affluent individuals, families, businesses, and non-profit organizations across Somerset, Morris, Hunterdon, and Union counties in New Jersey.
Business
Peapack-Gladstone Financial operates in the regional banking sector, focusing on two distinct but complementary business segments. The company provides traditional commercial banking services alongside specialized wealth management and private banking solutions. The Banking segment offers conventional deposit products including checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. On the lending side, the bank provides working capital lines of credit, term loans for equipment and fixed asset acquisitions, commercial mortgages, multifamily property financing, and various asset-based lending solutions. The bank also offers residential mortgages, home equity lines of credit, and consumer loans. Additionally, this segment provides treasury management services, escrow management, and merchant credit card processing services. The Peapack Private segment focuses on wealth management and private banking services for high-net-worth clients. This division provides comprehensive asset and investment management services, personal trust services (including acting as executor, trustee, administrator, custodian, and guardian), financial planning, tax preparation, and advisory services. The private banking component serves businesses, non-profits, and affluent consumers, while the wealth management services cater to individuals, families, foundations, endowments, trusts, and estates. The company operates through strategically located private banking offices in Bedminster, Morristown, Princeton, and Teaneck, New Jersey, along with wealth management branches throughout its target counties. The bank also maintains a network of 20 automated teller machines and offers digital banking services including telephone and internet banking platforms.
Revenue model
Peapack-Gladstone Financial generates revenue through traditional banking income streams and fee-based wealth management services. The primary revenue sources include net interest income from the spread between interest earned on loans and investments versus interest paid on deposits and borrowings. The bank's loan portfolio, consisting of commercial real estate, commercial and industrial loans, multifamily properties, residential mortgages, and consumer loans, generates the majority of interest income. The wealth management division contributes through asset management fees, typically calculated as a percentage of assets under management, along with trust and estate administration fees, financial planning services, and tax preparation fees. These fee-based revenues provide more stable, recurring income streams that are less sensitive to interest rate fluctuations compared to traditional banking operations. Several factors influence the company's profitability margins. Rising interest rates generally benefit net interest margins as loan yields typically adjust faster than deposit costs, though prolonged rate increases can pressure funding costs and potentially impact loan demand. The bank's focus on affluent clients provides some insulation from economic downturns, as wealthy individuals and successful businesses tend to maintain stronger financial positions during challenging periods. However, economic recessions can impact both loan demand and wealth management assets under management, as market volatility reduces portfolio values and fee income. Competition from larger regional banks and national institutions can pressure both loan pricing and deposit rates, while regulatory compliance costs continue to increase operational expenses for smaller regional banks.
Competitive moat
Peapack-Gladstone Financial possesses a modest but meaningful competitive moat built primarily around its specialized market positioning and long-standing client relationships. The bank's century-long presence in affluent New Jersey markets has enabled it to develop deep relationships with wealthy families, successful businesses, and professional service providers who value personalized service and local decision-making capabilities. The company's integrated private banking and wealth management model creates meaningful switching costs for clients who utilize multiple services, as moving banking, lending, and investment management relationships simultaneously involves significant complexity and potential disruption. The bank's focus on high-net-worth individuals and businesses also provides some protection from price competition, as these clients typically prioritize service quality and relationship depth over purely transactional cost considerations. However, the company's moat faces several challenges. The regional banking sector is highly competitive, with larger institutions offering broader product suites, more extensive branch networks, and superior technology platforms. National wealth management firms like Morgan Stanley, Merrill Lynch, and independent registered investment advisors compete directly for the bank's wealth management clients, often with more sophisticated investment platforms and research capabilities. Additionally, the bank's geographic concentration in New Jersey creates vulnerability to local economic conditions and limits growth opportunities without expansion into new markets. The rise of digital banking and fintech solutions also threatens traditional relationship-based banking models, particularly among younger affluent clients who may prioritize convenience and technology over personal relationships.
Risks & safety
Peapack-Gladstone Financial demonstrates moderate financial stability with some areas of concern regarding liquidity and profitability trends. • **Liquidity and Cash Position**: The bank maintains relatively low cash positions, with cash and short-term investments declining from $391.4 million in Q4 2024 to $7.9 million in Q1 2025, indicating potential liquidity management challenges. • **Debt and Solvency**: The company maintains reasonable debt levels with a debt-to-equity ratio of 0.23 as of Q1 2025, down from 0.29 in Q4 2024, suggesting improved leverage management. • **Profitability Trends**: Net income has declined significantly from $74.2 million in 2022 to $33.0 million in 2024, with Q1 2025 showing continued pressure at $7.6 million, indicating deteriorating operational performance. • **Valuation Metrics**: The stock trades at a P/E ratio of 16.5x and price-to-book ratio of 0.80x, suggesting reasonable valuation relative to book value but elevated relative to current earnings power. • **Operational Cash Flow**: Free cash flow has been volatile, turning negative in Q1 2025 at -$11.5 million, raising concerns about cash generation capabilities. • **Asset Quality**: The bank's focus on affluent markets provides some protection against credit losses, though concentration risk in New Jersey real estate markets remains a consideration.
Recent development
Based on the financial data trends, Peapack-Gladstone Financial has experienced significant operational challenges over the past few years. The company's profitability has declined substantially, with net income falling from $74.2 million in 2022 to $33.0 million in 2024, representing a 56% decrease over two years. This decline appears to be driven by the challenging interest rate environment and increased funding costs that have compressed net interest margins. The bank has maintained relatively stable revenue levels, with total revenue hovering around $100-105 million quarterly, but rising operational expenses and credit provisions have pressured bottom-line results. The company's cash position has become increasingly constrained, dropping dramatically from nearly $400 million in late 2024 to under $8 million by Q1 2025, suggesting potential liquidity management issues or strategic deployment of excess cash. Despite these challenges, the bank has maintained its focus on its core private banking and wealth management strategy, continuing to serve its affluent client base in New Jersey markets. The company has not indicated any major strategic pivots or new product launches, instead appearing to focus on managing through the current interest rate cycle while maintaining its specialized market positioning.
PGC company profile · for informational purposes only — not investment advice.
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