Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Peapack-Gladstone Financial ( (PGC) ) has issued an announcement.
Peapack-Gladstone Financial Corporation has notified UMB Bank, as trustee, that it will redeem all $100,000,000 in aggregate principal amount of its 3.50% fixed-to-floating rate subordinated notes due December 22, 2030. The redemption price will equal 100% of principal plus accrued and unpaid interest up to, but excluding, the anticipated redemption date of around March 2, 2026.
Following the planned redemption of these subordinated notes, the company expects to remain well capitalized, indicating that the transaction should not materially weaken its regulatory capital position. This move may simplify Peapack-Gladstone’s capital structure and reduce future interest expense, with limited adverse impact anticipated for its overall financial stability and stakeholders.
The most recent analyst rating on (PGC) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on Peapack-Gladstone Financial stock, see the PGC Stock Forecast page.
Spark’s Take on PGC Stock
According to Spark, TipRanks’ AI Analyst, PGC is a Outperform.
The score is driven primarily by solid financial performance (strong balance sheet with minimal leverage and improving cash generation, despite margin/ROE pressure). Technicals are moderately positive with price above key moving averages and a positive MACD, while valuation is fair but not compelling due to the low dividend yield. Corporate events add incremental support following strong reported results and governance updates.
To see Spark’s full report on PGC stock, click here.
More about Peapack-Gladstone Financial
Peapack-Gladstone Financial Corporation is a bank holding company that provides commercial and retail banking services through its subsidiaries. The company operates in the financial services industry, focusing on lending, deposit products and related financial solutions for businesses and consumers in its regional markets.
Average Trading Volume: 122,905
Technical Sentiment Signal: Buy
Current Market Cap: $588M
Find detailed analytics on PGC stock on TipRanks’ Stock Analysis page.