PGC - Peapack Gladstone Financial Corp Stock Price, Fair Value and News

24.10USD+0.35 (+1.47%)Market Closed

Market Summary

USD24.10+0.35

Market Closed

1.47%

PGC Alerts

Big fall in earnings (Y/Y)

PGC Stock Price

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PGC RSI Chart

PGC Valuation

Market Cap

428.2M

Price/Earnings (Trailing)

10.94

Price/Sales (Trailing)

1.37

EV/EBITDA

1.14

Price/Free Cashflow

9.22

PGC Price/Sales (Trailing)

PGC Profitability

EBT Margin

17.50%

Return on Equity

6.72%

Return on Assets

0.61%

Free Cashflow Yield

10.85%

PGC Fundamentals

PGC Revenue

Revenue (TTM)

312.7M

Rev. Growth (Yr)

12.35%

Rev. Growth (Qtr)

-1.23%

PGC Earnings

Earnings (TTM)

39.1M

Earnings Growth (Yr)

-52.98%

Earnings Growth (Qtr)

0.37%

Breaking Down PGC Revenue

Last 7 days

4.6%

Last 30 days

5.1%

Last 90 days

0.9%

Trailing 12 Months

-13.2%

How does PGC drawdown profile look like?

PGC Financial Health

PGC Investor Care

Dividend Yield

0.83%

Dividend/Share (TTM)

0.2

Buy Backs (1Y)

1.39%

Diluted EPS (TTM)

2.18

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	312.7M	0	0	0
2023	238.2M	264.6M	288.0M	304.0M
2022	166.0M	174.8M	189.7M	211.9M
2021	158.6M	156.6M	156.5M	160.1M
2020	181.5M	178.5M	172.8M	165.8M
2019	167.2M	172.1M	177.9M	180.7M
2018	144.4M	150.7M	153.3M	159.7M
2017	120.5M	124.9M	132.6M	138.7M
2016	104.7M	109.9M	113.9M	117.0M
2015	81.0M	86.2M	92.8M	99.1M
2014	60.6M	65.7M	70.5M	75.6M
2013	55.3M	54.7M	55.1M	57.1M
2012	56.0M	56.0M	56.4M	56.1M
2011	59.4M	58.0M	56.7M	56.1M
2010	0	0	0	60.9M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Peapack Gladstone Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 20, 2024	chalkan lisa	sold (taxes)	-19,494	23.92	-815	evp, chief credit officer
Mar 20, 2024	babcock john p	sold (taxes)	-19,375	23.92	-810	sevp & pres of priv wealth mgt
Mar 20, 2024	hemhauser maureen	sold (taxes)	-9,711	23.92	-406	evp & chief risk officer
Mar 20, 2024	rossi francesco s	sold (taxes)	-13,203	23.92	-552	svp/chief accounting officer
Mar 20, 2024	kennedy douglas l	sold (taxes)	-37,578	23.92	-1,571	president & ceo
Mar 20, 2024	cavallaro frank a.	sold (taxes)	-14,280	23.92	-597	sevp & chief financial officer
Mar 20, 2024	smith gregory martin	sold (taxes)	-24,685	23.92	-1,032	sevp, president comml banking
Mar 20, 2024	vorcheimer stuart m.	sold (taxes)	-24,111	23.92	-1,008	evp, comm & ind lndg
Jan 30, 2024	consi anthony j	gifted	-	-	-1,200	-
Jan 30, 2024	smith gregory martin	sold	-135,078	30.0173	-4,500	sevp, president comml banking

Which funds bought or sold PGC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.98	-119,015	391,981	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-420,939	-	-%
May 16, 2024	COMERICA BANK	reduced	-6.67	-224	671	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	22.01	-5,980	1,321,610	-%
May 15, 2024	JACOBS LEVY EQUITY MANAGEMENT, INC	reduced	-0.88	-188,382	796,394	-%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	unchanged	-	-53,044	235,077	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	5.82	-44,000	278,000	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	added	52.01	310,566	1,603,320	-%
May 15, 2024	Tudor Investment Corp Et Al	reduced	-37.87	-477,585	491,028	-%
May 15, 2024	WELLINGTON MANAGEMENT GROUP LLP	added	5.18	-2,386,900	14,436,900	-%

Are Funds Buying or Selling PGC?

Are funds buying PGC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PGC

No. of Funds

PGC Alerts

Big fall in earnings (Y/Y)

Unveiling Peapack Gladstone Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.01%	893,102	SC 13G
Feb 09, 2024	dimensional fund advisors lp	7.1%	1,269,472	SC 13G/A
Jan 25, 2024	blackrock inc.	8.7%	1,558,197	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	1,312,005	SC 13G/A
Feb 03, 2023	blackrock inc.	8.2%	1,466,461	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	6.5%	1,211,871	SC 13G/A
Feb 01, 2022	blackrock inc.	8.3%	1,543,265	SC 13G/A
Feb 16, 2021	dimensional fund advisors lp	6.7%	1,264,905	SC 13G/A
Feb 09, 2021	banc funds co llc	1.4%	268,392	SC 13G/A
Jan 29, 2021	blackrock inc.	8.6%	1,636,179	SC 13G/A

Recent SEC filings of Peapack Gladstone Financial Corp

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 10, 2024	10-Q	Quarterly Report
May 10, 2024	13F-HR	Fund Holdings Report
May 01, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading

Peers (Alternatives to Peapack Gladstone Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Peapack Gladstone Financial Corp News

Latest updates

Peapack Gladstone Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.2%	79.00	80.00	78.00	75.00	70.00	64.00	55.00	49.00	44.00	42.00	40.00	40.00	38.00	39.00	40.00	42.00	45.00	46.00	46.00	45.00	45.00
Operating Expenses	8.1%	41.00	38.00	37.00	38.00	36.00	33.00	34.00	33.00	34.00	32.00	32.00	31.00	32.00	39.00	28.00	29.00	28.00	27.00	26.00	26.00	26.00
EBITDA Margin	-12.3%	0.66*	0.75*	0.89*	1.06*	1.23*	1.33*	1.38*	1.39*	1.37*	1.37*	1.26*	1.24*	-	-	-	-	-	-	-	-	-
Interest Expenses	-6.3%	34.00	37.00	37.00	39.00	44.00	48.00	46.00	43.00	40.00	37.00	35.00	34.00	32.00	32.00	32.00	32.00	32.00	31.00	30.00	29.00	30.00
Income Taxes	24.9%	4.00	3.00	4.00	5.00	7.00	9.00	8.00	7.00	4.00	6.00	5.00	6.00	5.00	2.00	5.00	2.00	-3.34	6.00	5.00	3.00	4.00
Earnings Before Taxes	6.8%	12.00	12.00	13.00	18.00	25.00	30.00	28.00	27.00	18.00	21.00	19.00	20.00	18.00	5.00	19.00	11.00	-1.97	18.00	17.00	15.00	16.00
EBT Margin	-20.9%	0.18*	0.22*	0.30*	0.38*	0.46*	0.48*	0.49*	0.49*	0.47*	0.49*	0.39*	0.39*	-	-	-	-	-	-	-	-	-
Net Income	0.4%	9.00	9.00	9.00	13.00	18.00	21.00	20.00	20.00	13.00	15.00	14.00	14.00	13.00	3.00	14.00	8.00	1.00	12.00	12.00	12.00	11.00
Net Income Margin	-22.1%	0.13*	0.16*	0.21*	0.27*	0.33*	0.35*	0.36*	0.36*	0.34*	0.35*	0.29*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	5226.0%	18.00	0.00	24.00	4.00	38.00	13.00	34.00	39.00	30.00	6.00	14.00	23.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.1%	6,409	6,477	6,522	6,480	6,480	6,354	6,087	6,151	6,256	6,078	6,240	5,792	5,970	5,890	5,958	6,281	5,831	5,183	4,925	4,871	4,662
Cash Equivalents	3.8%	195	188	188	172	251	190	108	153	114	147	616	203	477	653	679	623	774	208	227	304	240
Net PPE	1.4%	24.00	24.00	24.00	24.00	24.00	24.00	24.00	23.00	23.00	23.00	23.00	23.00	23.00	22.00	22.00	21.00	21.00	21.00	21.00	21.00	21.00
Goodwill	0%	36.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	33.00	33.00	33.00	30.00	30.00	30.00	30.00	34.00	24.00	24.00
Liabilities	-1.1%	5,826	5,893	5,963	5,915	5,925	5,821	5,572	5,631	5,732	5,532	5,697	5,253	5,447	5,363	5,435	5,773	5,335	4,679	4,430	4,377	4,181
Short Term Borrowings	-70.4%	119	404	471	485	379	380	32.00	-	122	-	-	-	15.00	15.00	15.00	15.00	515	128	67.00	-	-
Shareholder's Equity	-0.2%	582	584	559	565	555	533	516	520	523	546	543	538	522	527	523	508	496	504	495	494	481
Shares Outstanding	0.1%	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	19.00	19.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	454	-	-	-	507	-	-	-	553	-	-	-	338	-	-	-	526	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	1352.1%	19,109	1,316	24,739	5,028	38,997	13,310	35,388	39,284	30,919	6,999	14,524	23,635	30,305	17,979	-2,358	13,715	7,384	19,153	23,135	12,122	31,886
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.00	45.00
Cashflow From Investing	47.6%	78,684	53,315	-51,095	-74,783	-74,918	-178,689	2,371	113,143	-292,892	-307,751	-39,114	-89,422	-317,511	10,999	404,477	-611,245	-18,226	-276,202	-115,061	-124,124	28,422
Cashflow From Financing	-65.3%	-90,626	-54,829	42,597	-9,910	97,139	247,174	-82,904	-112,962	229,129	-168,656	437,340	-207,288	110,421	-55,021	-345,581	446,354	576,660	238,121	15,012	175,715	19,233
Dividend Payments	-0.6%	887	892	893	890	883	897	909	919	920	932	942	952	949	948	945	938	949	952	973	973	967
Buy Backs	14.7%	2,422	2,112	2,815	4,716	2,851	5,189	9,912	6,447	11,174	9,211	7,432	7,605	4,379	-	-	-	6,487	4,285	16,717	-	-

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PGC Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME
Interest and fees on loans	$ 72,531	$ 64,472
Interest on investments:
Taxable	5,136	4,471
Tax-exempt		8
Interest on loans held for sale	5	2
Interest on interest-earning deposits	1,522	1,538
Total interest income	79,194	70,491
INTEREST EXPENSE
Interest on savings and interest-bearing deposit accounts	33,047	21,383
Interest on certificates of deposit	4,855	1,729
Interest on borrowed funds	3,467	1,296
Interest on finance lease liability	38	53
Interest on subordinated debt	1,684	1,639
Subtotal - interest expense	43,091	26,100
Interest on interest-bearing demand - brokered	126	208
Interest on certificates of deposits - brokered	1,602	205
Total interest expense	44,819	26,513
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES	34,375	43,978
Provision for credit losses	627	1,513
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	33,748	42,465
OTHER INCOME
Wealth management fee income	14,407	13,762
Service charges and fees	1,322	1,258
Bank owned life insurance	503	297
Gain on loans held for sale at fair value (mortgage banking)	56	21
Gain on sale of SBA loans	400	865
Corporate advisory fee income	818	80
Other income	1,306	1,567
Fair value adjustment for CRA equity security	(111)	209
Total other income	18,701	18,059
OPERATING EXPENSES
Compensation and employee benefits	28,476	24,586
Premises and equipment	5,081	4,374
FDIC insurance expense	945	711
Other operating expense	5,539	5,903
Total operating expenses	40,041	35,574
INCOME BEFORE INCOME TAX EXPENSE	12,408	24,950
Income tax expense	3,777	6,595
NET INCOME	$ 8,631	$ 18,355
EARNINGS PER SHARE
Basic	$ 0.49	$ 1.03
Diluted	$ 0.48	$ 1.01
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic	17,711,639	17,841,203
Diluted	17,805,347	18,263,310

About Peapack Gladstone Financial Corp

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 Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

CEO	Mr. Douglas L. Kennedy
WEBSITE	pgbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	520

Peapack Gladstone Financial Corp Frequently Asked Questions

What is the ticker symbol for Peapack Gladstone Financial Corp? What does PGC stand for in stocks?

PGC is the stock ticker symbol of Peapack Gladstone Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Peapack Gladstone Financial Corp (PGC)?

As of Fri May 17 2024, market cap of Peapack Gladstone Financial Corp is 428.16 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PGC stock?

You can check PGC's fair value in chart for subscribers.

What is the fair value of PGC stock?

You can check PGC's fair value in chart for subscribers. The fair value of Peapack Gladstone Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Peapack Gladstone Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PGC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Peapack Gladstone Financial Corp a good stock to buy?

The fair value guage provides a quick view whether PGC is over valued or under valued. Whether Peapack Gladstone Financial Corp is cheap or expensive depends on the assumptions which impact Peapack Gladstone Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PGC.

What is Peapack Gladstone Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, PGC's PE ratio (Price to Earnings) is 10.94 and Price to Sales (PS) ratio is 1.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PGC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Peapack Gladstone Financial Corp's stock?

In the past 10 years, Peapack Gladstone Financial Corp has provided 0.067 (multiply by 100 for percentage) rate of return.