Peapack-Gladstone Financial Corporation (PGC) – What Are Investment Firms Saying About This Stock?

08 Nov 2026, 02:58 by Amy Steele · The Cerbat Gem

Peapack-Gladstone Financial Corporation (NASDAQ:PGC – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.33.

A number of research firms recently issued reports on PGC. Wall Street Zen cut shares of Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Raymond James Financial downgraded shares of Peapack-Gladstone Financial from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, October 29th. Keefe, Bruyette & Woods restated a “moderate buy” rating and issued a $56.00 target price (up from $55.00) on shares of Peapack-Gladstone Financial in a research report on Monday, August 3rd. Piper Sandler boosted their target price on shares of Peapack-Gladstone Financial from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Peapack-Gladstone Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th.

Get Our Latest Analysis on PGC

Peapack-Gladstone Financial Stock Up 0.3%

Peapack-Gladstone Financial stock opened at $45.90 on Tuesday. Peapack-Gladstone Financial has a 12-month low of $24.75 and a 12-month high of $49.14. The business’s 50-day moving average price is $44.90 and its two-hundred day moving average price is $41.59. The stock has a market cap of $813.81 million, a PE ratio of 13.78 and a beta of 0.74.

Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) last issued its earnings results on Tuesday, October 27th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.92 by $0.07. Peapack-Gladstone Financial had a return on equity of 9.12% and a net margin of 12.69%. The firm had revenue of $88.50 million during the quarter, compared to the consensus estimate of $90.13 million. As a group, analysts expect that Peapack-Gladstone Financial will post 3.62 earnings per share for the current year.

Peapack-Gladstone Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. Peapack-Gladstone Financial’s dividend payout ratio (DPR) is 6.01%.

Insiders Place Their Bets

In other Peapack-Gladstone Financial news, EVP Gregory Smith sold 1,250 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $44.66, for a total value of $55,825.00. Following the completion of the transaction, the executive vice president directly owned 12,622 shares in the company, valued at approximately $563,698.52. This trade represents a 9.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maureen Hemhauser sold 2,297 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $45.32, for a total value of $104,100.04. The disclosure for this sale is available in the SEC filing. Insiders own 5.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Peapack-Gladstone Financial by 6.1% in the second quarter. Wellington Management Group LLP now owns 674,880 shares of the financial services provider’s stock valued at $31,942,000 after buying an additional 38,797 shares during the period. Bank of America Corp DE bought a new stake in Peapack-Gladstone Financial during the second quarter valued at $5,411,000. BlackRock Inc. acquired a new stake in Peapack-Gladstone Financial during the 2nd quarter worth about $75,599,000. Bank of New York Mellon Corp acquired a new stake in Peapack-Gladstone Financial during the 2nd quarter worth about $2,292,000. Finally, Algert Global LLC raised its position in shares of Peapack-Gladstone Financial by 8.2% in the 2nd quarter. Algert Global LLC now owns 356,295 shares of the financial services provider’s stock worth $16,863,000 after acquiring an additional 26,880 shares in the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.

Peapack-Gladstone Financial Company Profile

(Get Free Report)

Peapack-Gladstone Financial Corporation is the holding company for Peapack-Gladstone Bank, a full-service financial institution headquartered in Bedminster, New Jersey. The bank provides commercial, private and personal banking services to businesses, professionals, individuals and families.

Its banking activities include commercial and residential lending, deposits, cash-management services, treasury management, online and mobile banking, and other traditional banking products. Through its wealth-management operations, the company also provides investment management, trust and fiduciary services, financial planning and related advisory solutions.