Peapack-Gladstone Financial (NASDAQ:PGC) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Peapack-Gladstone Financial (NASDAQ:PGC) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other research firms have also recently commented on PGC. Weiss Ratings raised shares of Peapack-Gladstone Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Peapack-Gladstone Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Piper Sandler increased their price target on shares of Peapack-Gladstone Financial from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Raymond James Financial lifted their price objective on Peapack-Gladstone Financial from $49.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $49.67.

Peapack-Gladstone Financial Stock Up 1.4%

Shares of Peapack-Gladstone Financial stock opened at $47.72 on Friday. The business has a 50 day moving average of $45.43 and a 200 day moving average of $38.93. Peapack-Gladstone Financial has a 52 week low of $24.42 and a 52 week high of $49.14. The company has a market cap of $845.60 million, a PE ratio of 16.57 and a beta of 0.71.

Peapack-Gladstone Financial (NASDAQ:PGC) last released its quarterly earnings results on Sunday, July 26th. The financial services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). The company had revenue of $86.05 million during the quarter, compared to the consensus estimate of $85.17 million. Peapack-Gladstone Financial had a net margin of 11.09% and a return on equity of 7.91%. On average, research analysts anticipate that Peapack-Gladstone Financial will post 3.76 earnings per share for the current year.

Insider Buying and Selling at Peapack-Gladstone Financial

In other news, Director Anthony W. Spinelli sold 2,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.63, for a total transaction of $89,260.00. Following the sale, the director owned 11,742 shares in the company, valued at approximately $524,045.46. The trade was a 14.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lisa Chalkan sold 1,100 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $47.60, for a total transaction of $52,360.00. Following the sale, the executive vice president owned 26,075 shares in the company, valued at approximately $1,241,170. This trade represents a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,100 shares of company stock valued at $377,170. 5.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peapack-Gladstone Financial

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Peapack-Gladstone Financial by 40.4% during the first quarter. Royal Bank of Canada now owns 10,675 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 3,070 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peapack-Gladstone Financial by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,939 shares of the financial services provider’s stock worth $282,000 after buying an additional 390 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Peapack-Gladstone Financial by 8.5% in the 1st quarter. Empowered Funds LLC now owns 55,450 shares of the financial services provider’s stock worth $1,575,000 after buying an additional 4,329 shares during the last quarter. Jane Street Group LLC increased its position in Peapack-Gladstone Financial by 119.7% during the 1st quarter. Jane Street Group LLC now owns 52,173 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 28,428 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Peapack-Gladstone Financial by 13.9% during the 2nd quarter. Legal & General Group Plc now owns 15,898 shares of the financial services provider’s stock valued at $449,000 after buying an additional 1,945 shares in the last quarter. Institutional investors own 72.75% of the company’s stock.

Peapack-Gladstone Financial News Summary

Here are the key news stories impacting Peapack-Gladstone Financial this week:

• Positive Sentiment: Second-quarter revenue reached $86.1 million, up 23% year over year and slightly above analyst expectations. Net income available to common shareholders rose to $15.8 million, while diluted EPS increased to $0.85 from $0.45 a year earlier. Peapack-Gladstone Financial Corporation Reports Second Quarter Financial Results
• Positive Sentiment: Operating momentum remained strong: total loans increased $854 million year over year to $6.7 billion, deposits rose $694 million to $7.1 billion, and wealth-management assets climbed 13% to $13.9 billion. The company also recorded its ninth consecutive quarter of revenue growth. Peapack-Gladstone Reports $86.1 Million Q2 Revenue as Earnings Rise
• Positive Sentiment: On the earnings call, management maintained its outlook for 6–9 basis points of net interest margin expansion in 2026 and targeted a 1% return on assets and 10% return on equity by the fourth quarter. These goals signal confidence in improving profitability. Peapack-Gladstone Targets Profitability and NIM Expansion
• Neutral Sentiment: The company issued the remaining $20 million of its 6% non-cumulative perpetual convertible preferred stock on July 24. The capital supports growth, although the convertible feature could create future shareholder dilution and the dividend adds a financing cost. Peapack-Gladstone Reports Second-Quarter Results
• Negative Sentiment: Quarterly EPS of $0.85 missed consensus estimates of approximately $0.87–$0.88. Return on equity was 6.75%, below management’s 10% year-end target, leaving investors focused on whether margin expansion and operating leverage can close the gap. Peapack-Gladstone Lags Q2 Earnings Estimates

Peapack-Gladstone Financial Company Profile

Peapack-Gladstone Financial Corporation is the parent company of Peapack-Gladstone Bank, a New Jersey-chartered commercial bank headquartered in Bedminster, New Jersey, that trades on the NASDAQ under the symbol PGC. Through Peapack-Gladstone Bank, the company offers a broad range of deposit and lending solutions, including checking and savings accounts, residential and commercial real estate loans, lines of credit and treasury management services. Clients benefit from both in-branch relationship banking and an expanding suite of digital banking tools designed to support personal and business financial needs.

Complementing its core banking operations, Peapack-Gladstone Financial provides wealth management, trust and financial planning services through its subsidiary, Peapack-Gladstone Wealth Management.