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Peapack-Gladstone Financial
(NASDAQ:PGC)
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Rating:76Outperform
Price Target:
$52.00
▲(12.12% Upside)
Action:Reiterated
Date:07/28/26
PGC scores well overall, led by improving financial performance (lower leverage and stronger cash generation) and a constructive earnings outlook centered on operating leverage and incremental margin expansion. Technicals are supportive with the stock holding above key medium/long-term moving averages, while valuation is helped by a reasonable P/E and the provided high dividend yield. The main constraints are only moderate current returns and pockets of credit/deposit-pricing pressure highlighted on the call.
Positive Factors
Capital & Liquidity
A well-capitalized and liquid position provides durable support for organic loan growth and buffers against credit shocks. Redemption of subordinated debt and preferred issuance show active capital management, preserving regulatory cushions and financial flexibility to fund expansion without excessive leverage.
Negative Factors
Credit Concentration Risk
Concentration of early-stage delinquencies in a single sponsor group creates outsized risk: 8 loans showing stress raise loss volatility and operational burden from monitoring and potential collections. Such concentration can quickly erode capital and require higher provisions if deterioration continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital & Liquidity
A well-capitalized and liquid position provides durable support for organic loan growth and buffers against credit shocks. Redemption of subordinated debt and preferred issuance show active capital management, preserving regulatory cushions and financial flexibility to fund expansion without excessive leverage.
Read all positive factors
Peapack-Gladstone Financial (PGC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$814.71M
Dividend Yield0.43%
Average Volume (3M)123.00K
Price to Earnings (P/E)15.7
Beta (1Y)0.97
Revenue Growth10.61%
EPS Growth59.91%
CountryUS
Employees682
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.93
Shares Outstanding17,718,733
10 Day Avg. Volume171,265
30 Day Avg. Volume123,000
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)0.74
Price to Sales (P/S)1.11
P/FCF Ratio17.11
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$56.33Price Target Upside21.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.66
Revenue Forecast (FY)$349.75M
Peapack-Gladstone Financial Business Overview & Revenue Model
Company Description
Peapack-Gladstone Financial Corporation (PGC) functions as the holding company for Peapack-Gladstone Bank, a financial institution primarily dedicated to delivering private banking and comprehensive wealth management services throughout the United...
How the Company Makes Money
PGC primarily makes money through (1) net interest income and (2) noninterest (fee-based) income.
1) Net interest income (spread-based banking revenue): The bank earns interest and fees on loans and other interest-earning assets (e.g., commercial...
Peapack-Gladstone Financial Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive operating momentum: meaningful revenue and earnings growth, solid loan and deposit expansion, margin improvement, improved efficiency, stronger capital ratios and ample liquidity. Management acknowledged localized credit stress in a concentrated sponsor group, a modest provision build, competitive deposit pressures, and macro uncertainty, but emphasized disciplined underwriting, portfolio repositioning, and a pathway to continued margin and earnings improvement. Overall, positives substantially outweighed the highlighted issues.Positive Updates
Net Income and Core Earnings Momentum
Net income of $14.2 million, up 16% sequentially and 86% year-over-year, marking the sixth consecutive quarter of core earnings growth.
Negative Updates
Early-Stage Delinquencies Concentration
Uptick in special mention and 30–89 day delinquencies concentrated in one sponsor group (8 loans); 3 of the 8 loans made payments after quarter-end; appraisals ~70%–85% LTV a year old; bank is monitoring and prepared to pursue collections if loans reach 90 days past due.
Read all updates
Q1-2026 Updates
Positive
Negative
Net Income and Core Earnings Momentum
Net income of $14.2 million, up 16% sequentially and 86% year-over-year, marking the sixth consecutive quarter of core earnings growth.
Read all positive updates
Company Guidance
Management guided to continued positive operating leverage and margin improvement, expecting modest NIM expansion (roughly 2–3 basis points per quarter) driven by disciplined loan pricing (incremental spreads on new production ~3.75%), continued loan and deposit growth (targeting roughly $175–$200 million of loan and deposit growth), and ongoing mix improvement (Q1 noninterest-bearing deposits were 49% of growth; over the past 12 months ~2/3 of deposit growth was noninterest-bearing). They reiterated strong liquidity (> $5 billion available) and a well-capitalized position (Tier 1 above 11% after redeeming $100 million of sub-debt and issuing $30 million of preferred with a $20 million optional draw), affirmed continued expense discipline (Q1 operating expenses $55.4 million; efficiency ratio ~67%) and credit coverage (provision $7.3 million; ACL ~1.04%; NPAs 0.77%), and said they are managing toward crossing ~1% ROA and ~10% return on capital by Q4 2027 while supporting wealth inflows (gross inflows $227 million; AUM/A ≈ $13 billion; wealth revenue $16.5 million).Peapack-Gladstone Financial Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
77
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 467.18M | 441.36M | 402.91M | 373.75M | 274.72M | 228.78M |
| Gross Profit | 288.45M | 256.23M | 216.61M | 211.74M | 232.57M | 200.30M |
| EBITDA | 83.93M | 63.26M | 49.58M | 72.29M | 107.39M | 82.45M |
| Net Income | 51.91M | 37.33M | 32.99M | 48.85M | 74.25M | 56.62M |
Balance Sheet | ||||||
| Total Assets | 7.97B | 7.53B | 7.01B | 6.48B | 6.35B | 6.08B |
| Cash, Cash Equivalents and Short-Term Investments | 760.83M | 408.82M | 441.51M | 738.29M | 744.72M | 943.56M |
| Total Debt | 117.45M | 216.78M | 178.48M | 553.39M | 530.92M | 148.63M |
| Total Liabilities | 7.25B | 6.87B | 6.41B | 5.89B | 5.82B | 5.53B |
| Stockholders Equity | 715.78M | 658.21M | 605.85M | 583.68M | 532.98M | 546.39M |
Cash Flow | ||||||
| Free Cash Flow | 53.42M | 28.58M | 63.01M | 66.80M | 115.38M | 71.53M |
| Operating Cash Flow | 59.66M | 43.13M | 71.10M | 70.08M | 118.90M | 75.46M |
| Investing Cash Flow | -573.82M | -735.76M | -303.43M | -147.48M | -356.07M | -753.80M |
| Financing Cash Flow | 451.98M | 489.08M | 436.02M | 75.00M | 280.44M | 171.82M |
Peapack-Gladstone Financial Technical Analysis
Neutral
46.38
Price Trends
45.49
Positive
41.89
Positive
35.58
Positive
Market Momentum
0.25
Positive
52.98
Neutral
54.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PGC, the sentiment is Neutral. The current price of 46.38 is above the 20-day moving average (MA) of 46.37, above the 50-day MA of 45.49, and above the 200-day MA of 35.58, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 52.98 is Neutral, neither overbought nor oversold. The STOCH value of 54.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PGC.
Peapack-Gladstone Financial Risk Analysis
Peapack-Gladstone Financial disclosed 39 risk factors in its most recent earnings report. Peapack-Gladstone Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Peapack-Gladstone Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $608.03M | 10.88 | 13.85% | 1.33% | 11.76% | 26.80% | |
79 Outperform | $591.31M | 10.07 | 16.64% | 1.07% | 10.15% | 16.03% | |
76 Outperform | $814.71M | 15.69 | 7.65% | 0.43% | 10.61% | 59.91% | |
75 Outperform | $817.01M | 10.14 | 10.66% | 3.10% | 46.45% | ― | |
75 Outperform | $704.37M | 12.39 | 11.50% | 3.58% | 0.41% | 68.29% | |
68 Neutral | $664.83M | 13.37 | 9.22% | 3.33% | 18.94% | 14.83% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
PGC
Peapack-Gladstone Financial
45.98
21.19
85.51%
BHB
Bar Harbor Bankshares
39.71
11.85
42.54%
FISI
Financial Institutions
41.46
17.34
71.88%
UNTY
Unity Bancorp
58.89
11.57
24.46%
PFIS
Peoples Financial Services
70.36
24.34
52.89%
CBNK
Capital Bancorp
37.33
6.59
21.45%
Peapack-Gladstone Financial Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Peapack-Gladstone Financial Reports Strong Q2 2026 Results
Positive
Jul 27, 2026
On July 27, 2026, Peapack-Gladstone Financial Corporation reported second-quarter 2026 results that show accelerating earnings momentum from its private banking and wealth management strategy. Revenue rose for the ninth consecutive quarter to $86....
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Peapack-Gladstone Shareholders Back Leadership and Governance Framework
Positive
Apr 30, 2026
At Peapack-Gladstone Financial Corporation’s April 29, 2026 annual shareholders meeting, investors elected thirteen directors to one-year terms expiring in 2027, approved on an advisory basis the compensation program for named executive offi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.