Peapack-Gladstone Financial Corp. (PGC)
NASDAQ:PGC
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Peapack-Gladstone Financial
(NASDAQ:PGC)
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Rating:79Outperform
Price Target:
$49.00
▲(24.24% Upside)
Action:Reiterated
Date:05/25/26
Overall score is driven primarily by improving financial performance (stronger cash flow, lower leverage, better recent margins) and favorable technical momentum (price above key moving averages with positive MACD). Valuation is a meaningful positive given the low P/E and very high indicated dividend yield, while the earnings call adds support via constructive guidance and strong liquidity/capital, tempered by localized credit and funding-competition risks.
Positive Factors
Deposit‑funded Loan Growth
Sustained loan and deposit expansion driven by the private banking model supplies durable core funding and supports net interest income. Deposit-funded growth reduces reliance on volatile wholesale funding, enabling steady asset expansion and long‑term spread improvement as the bank scales relationships.
Negative Factors
Low Return Profile
Current returns remain materially lower than the bank’s past peak, indicating a reset in earnings power. Even with recent margin and revenue improvements, modest ROE limits internal capital generation and constrains the pace at which the firm can reinvest and lift shareholder returns without sustained NIM or fee growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Deposit‑funded Loan Growth
Sustained loan and deposit expansion driven by the private banking model supplies durable core funding and supports net interest income. Deposit-funded growth reduces reliance on volatile wholesale funding, enabling steady asset expansion and long‑term spread improvement as the bank scales relationships.
Read all positive factors
Peapack-Gladstone Financial (PGC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$766.32M
Dividend Yield0.7%
Average Volume (3M)123.00K
Price to Earnings (P/E)17.3
Beta (1Y)0.97
Revenue Growth10.61%
EPS Growth37.65%
CountryUS
Employees620
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.49
Shares Outstanding17,718,378
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 Cap1.13
Enterprise Value/Revenue1.90
Enterprise Value/Gross Profit3.17
Enterprise Value/Ebitda12.10
Forecast
1Y Price Target
$45.00Price Target Upside14.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.68
Revenue Forecast (FY)$345.07M
Peapack-Gladstone Financial Business Overview & Revenue Model
Company Description
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 Pr...
How the Company Makes Money
PGC primarily makes money through (1) net interest income and (2) noninterest income (fee-based revenue). Net interest income is earned from the spread between interest income on earning assets—most importantly loans (e.g., commercial and industri...
Peapack-Gladstone Financial Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 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 | 454.85M | 441.36M | 402.91M | 373.75M | 274.72M | 228.78M |
| Gross Profit | 272.55M | 256.23M | 216.61M | 211.74M | 232.57M | 200.30M |
| EBITDA | 71.38M | 63.26M | 49.58M | 72.29M | 107.39M | 82.45M |
| Net Income | 43.88M | 37.33M | 32.99M | 48.85M | 74.25M | 56.62M |
Balance Sheet | ||||||
| Total Assets | 7.70B | 7.53B | 7.01B | 6.48B | 6.35B | 6.08B |
| Cash, Cash Equivalents and Short-Term Investments | 719.27M | 408.82M | 441.51M | 738.29M | 744.72M | 943.56M |
| Total Debt | 106.43M | 216.78M | 178.48M | 553.39M | 530.92M | 148.63M |
| Total Liabilities | 7.00B | 6.87B | 6.41B | 5.89B | 5.82B | 5.53B |
| Stockholders Equity | 699.20M | 658.21M | 605.85M | 583.68M | 532.98M | 546.39M |
Cash Flow | ||||||
| Free Cash Flow | 63.35M | 28.58M | 63.01M | 66.80M | 115.38M | 71.53M |
| Operating Cash Flow | 75.60M | 43.13M | 71.10M | 70.08M | 118.90M | 75.46M |
| Investing Cash Flow | -579.26M | -735.76M | -303.43M | -147.48M | -356.07M | -753.80M |
| Financing Cash Flow | 525.15M | 489.08M | 436.02M | 75.00M | 280.44M | 171.82M |
Peapack-Gladstone Financial Technical Analysis
Positive
39.44
Price Trends
39.62
Positive
35.95
Positive
31.75
Positive
Market Momentum
0.97
Positive
62.25
Neutral
66.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PGC, the sentiment is Positive. The current price of 39.44 is below the 20-day moving average (MA) of 42.56, below the 50-day MA of 39.62, and above the 200-day MA of 31.75, indicating a bullish trend. The MACD of 0.97 indicates Positive momentum. The RSI at 62.25 is Neutral, neither overbought nor oversold. The STOCH value of 66.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $766.32M | 17.33 | 6.68% | 0.70% | 10.61% | 37.65% | |
79 Outperform | $564.80M | 9.22 | 17.87% | 1.08% | 15.59% | 39.40% | |
76 Outperform | $704.97M | 9.01 | 12.72% | 3.89% | 41.30% | ― | |
75 Outperform | $600.95M | 10.09 | 11.50% | 4.97% | 11.09% | 175.21% | |
75 Outperform | $521.05M | 9.44 | 13.94% | 1.53% | 16.74% | 33.70% | |
70 Outperform | $582.79M | 14.52 | 7.81% | 3.92% | 10.98% | -14.11% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
PGC
Peapack-Gladstone Financial
43.25
16.01
58.77%
BHB
Bar Harbor Bankshares
34.94
7.00
25.08%
FISI
Financial Institutions
36.23
11.51
46.57%
UNTY
Unity Bancorp
55.86
12.19
27.91%
PFIS
Peoples Financial Services
59.41
13.50
29.41%
CBNK
Capital Bancorp
31.92
0.12
0.38%
Peapack-Gladstone Financial Corporate Events
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...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Peapack-Gladstone Financial Posts Strong Q1 2026 Results
Positive
Apr 22, 2026
On April 22, 2026, Peapack-Gladstone Financial Corporation reported strong first quarter 2026 results that underscored the momentum of its private banking strategy and expansion across the Metropolitan New York region. Net income for the quarter e...
Business Operations and StrategyPrivate Placements and Financing
Peapack-Gladstone Boosts Capital with Series B Preferred
Positive
Mar 26, 2026
On March 26, 2026, Peapack-Gladstone Financial Corporation completed a $30 million private placement of 6.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series B, to affiliates of Strategic Value Bank Partners, as part of a $50 million ...
Business Operations and Strategy
Peapack-Gladstone to Redeem $100 Million Subordinated Notes
Positive
Mar 2, 2026
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 e...
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.