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

23.23USD+0.14 (+0.61%)Delayed as of 08 May 2024, 01:53 pm ET

Market Summary

USD23.23+0.14

Delayedas of 08 May 2024, 01:53 pm

0.61%

PGC Stock Price

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PGC RSI Chart

PGC Valuation

Market Cap

409.9M

Price/Earnings (Trailing)

8.39

Price/Sales (Trailing)

1.35

EV/EBITDA

0.98

Price/Free Cashflow

6.14

PGC Price/Sales (Trailing)

PGC Profitability

EBT Margin

22.13%

Return on Equity

8.37%

Return on Assets

0.75%

Free Cashflow Yield

16.3%

PGC Fundamentals

PGC Revenue

Revenue (TTM)

304.0M

Rev. Growth (Yr)

24.88%

Rev. Growth (Qtr)

2.15%

PGC Earnings

Earnings (TTM)

48.9M

Earnings Growth (Yr)

-58.21%

Earnings Growth (Qtr)

-1.78%

Breaking Down PGC Revenue

52 Week Range

22.8631.49

(Low)(High)

Last 7 days

3.1%

Last 30 days

-1.9%

Last 90 days

-3.7%

Trailing 12 Months

-6.1%

How does PGC drawdown profile look like?

PGC Financial Health

PGC Investor Care

Dividend Yield

0.87%

Dividend/Share (TTM)

0.2

Buy Backs (1Y)

0.42%

Diluted EPS (TTM)

2.71

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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 06, 2024	SG Americas Securities, LLC	reduced	-20.61	-122,000	223,000	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	added	31.38	25,203	375,558	-%
May 06, 2024	Parallel Advisors, LLC	sold off	-100	-23,289	-	-%
May 06, 2024	Empowered Funds, LLC	added	8.03	-169,499	1,259,950	0.02%
May 06, 2024	Merit Financial Group, LLC	new	-	260,536	260,536	0.01%
May 03, 2024	TRANSCEND CAPITAL ADVISORS, LLC	unchanged	-	-62,196	275,635	0.02%
May 03, 2024	SIGNATUREFD, LLC	added	258	688	1,046	-%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	reduced	-0.32	-12,221	53,234	-%
May 02, 2024	State of New Jersey Common Pension Fund D	added	16.67	-149,146	2,949,330	0.01%
May 01, 2024	BNP PARIBAS FINANCIAL MARKETS	added	90.37	72,782	204,348	-%

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

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 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
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	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.2%	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	43.00
Operating Expenses	0.5%	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	26.00
EBITDA Margin	-16.1%	0.75*	0.89*	1.06*	1.23*	1.33*	1.38*	1.39*	1.37*	1.37*	1.26*	1.24*	1.15*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.4%	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	29.00
Income Taxes	-21.4%	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	3.00
Earnings Before Taxes	-7.8%	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	14.00
EBT Margin	-25.2%	0.22*	0.30*	0.38*	0.46*	0.48*	0.49*	0.49*	0.47*	0.49*	0.39*	0.39*	0.33*	-	-	-	-	-	-	-	-	-
Net Income	-1.8%	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	11.00
Net Income Margin	-23.9%	0.16*	0.21*	0.27*	0.33*	0.35*	0.36*	0.36*	0.34*	0.35*	0.29*	0.28*	0.24*	-	-	-	-	-	-	-	-	-
Free Cashflow	-98.6%	0.00	24.00	4.00	38.00	13.00	34.00	39.00	30.00	6.00	14.00	23.00	28.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.7%	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	4,618
Cash Equivalents	-0.1%	188	188	172	251	190	108	153	114	147	616	203	477	653	679	623	774	208	227	304	240	161
Net PPE	0.8%	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	27.00
Goodwill	0%	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	24.00
Liabilities	-1.2%	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	4,149
Short Term Borrowings	-14.2%	404	471	485	379	380	32.00	-	122	-	-	-	15.00	15.00	15.00	15.00	515	128	67.00	-	-	-
Shareholder's Equity	4.4%	584	559	565	555	533	516	520	523	546	543	538	522	527	523	508	496	504	495	494	481	469
Shares Outstanding	-0.4%	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	19.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-94.7%	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	6,832
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.00	45.00	46.00
Cashflow From Investing	204.3%	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	-135,967
Cashflow From Financing	-228.7%	-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	166,904
Dividend Payments	-0.1%	892	893	890	883	897	909	919	920	932	942	952	949	948	945	938	949	952	973	973	967	964
Buy Backs	-25.0%	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

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

INTEREST INCOME

Loans, including fees

$ 278,170

$ 195,197

$ 147,814

Taxable securities

19,743

13,854

11,577

Tax-exempt securities

131

Interest-earning deposits

6,075

2,763

545

Total interest income

304,010

211,875

160,067

INTEREST EXPENSE

Savings and interest-bearing deposit accounts

107,490

24,000

7,383

Certificates of deposit

11,736

2,970

4,058

Borrowed funds

18,204

600

473

Finance lease liability

191

251

300

Subordinated debt

6,651

5,453

7,013

Subtotal – interest expense

144,272

33,274

19,227

Interest-bearing demand - brokered

611

1,579

1,721

Interest on certificates of deposits – brokered

3,038

942

1,058

Total interest expense

147,921

35,795

22,006

Net interest income before provision for credit losses

156,089

176,080

138,061

Provision for credit losses

^[1]

14,091

6,353

6,475

Net interest income after provision for credit losses

141,998

169,727

131,586

OTHER INCOME

Wealth management fee income

55,747

54,651

52,987

Service charges and fees

5,152

4,225

3,697

Bank owned life insurance

1,269

1,243

1,696

Gain on loans held for sale at fair value (mortgage banking)

483

2,194

Gain on loans held for sale at lower of cost or fair value

1,142

Fee income related to loan level, back-to-back swaps

293

Gain on sale of SBA loans

2,433

6,765

4,939

Corporate advisory fee income

219

1,704

3,483

Loss on swap termination

(842)

Other income

8,486

5,362

3,379

Loss on securities sale, net

(6,609)

Fair value adjustment for CRA equity security

181

(1,700)

(432)

Total other income

73,578

66,417

72,243

OPERATING EXPENSES

Compensation and employee benefits

100,524

89,476

81,864

Premises and equipment

19,733

18,719

17,165

FDIC insurance expense

2,946

1,939

2,071

Swap valuation allowance

673

2,243

Other operating expenses

25,092

22,993

22,824

Total operating expenses

148,295

133,800

126,167

Income before income tax expense

67,281

102,344

77,662

Income tax expense

18,427

28,098

21,040

Net income

$ 48,854

$ 74,246

$ 56,622

EARNINGS PER SHARE

Basic

$ 2.74

$ 4.09

$ 3.01

Diluted

$ 2.71

$ 4

$ 2.93

[1]	Commencing on January 1, 2022, the allowance calculation is based on the current expected credit loss ("CECL") methodology. Prior to January 1, 2022, the calculation was based on the incurred loss methodology.

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 Tue May 07 2024, market cap of Peapack Gladstone Financial Corp is 409.9 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 Tue May 07 2024, PGC's PE ratio (Price to Earnings) is 8.39 and Price to Sales (PS) ratio is 1.35. 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 0.063 (multiply by 100 for percentage) rate of return.