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

Peapack-Gladstone Financial (NASDAQ:PGC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

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

Peapack-Gladstone Financial Stock Performance

Shares of NASDAQ:PGC opened at $47.04 on Friday. The firm has a market cap of $833.55 million, a PE ratio of 18.97 and a beta of 0.71. The firm’s fifty day moving average is $45.32 and its 200-day moving average is $38.79. Peapack-Gladstone Financial has a 52 week low of $24.42 and a 52 week high of $49.14.

Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings data 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 business had revenue of $86.11 million during the quarter, compared to the consensus estimate of $85.17 million. Peapack-Gladstone Financial had a return on equity of 6.75% and a net margin of 9.60%. Sell-side analysts forecast that Peapack-Gladstone Financial will post 3.76 EPS for the current year.

Insider Activity

In other news, Director Anthony W. Spinelli sold 2,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.63, for a total value of $89,260.00. Following the transaction, the director directly owned 11,742 shares of the company’s stock, valued at $524,045.46. The trade was a 14.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lisa Chalkan sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $47.60, for a total value of $52,360.00. Following the sale, the executive vice president directly owned 26,075 shares of the company’s stock, valued at $1,241,170. This represents a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,100 shares of company stock valued at $377,170 in the last ninety days. 5.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peapack-Gladstone Financial

A number of institutional investors and hedge funds have recently modified their holdings of PGC. Royal Bank of Canada increased its stake in shares of Peapack-Gladstone Financial by 73.2% in the 1st quarter. Royal Bank of Canada now owns 1,252 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 529 shares in the last quarter. Parallel Advisors LLC boosted its stake in Peapack-Gladstone Financial by 171.9% during the first quarter. Parallel Advisors LLC now owns 1,841 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,164 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Peapack-Gladstone Financial by 431.5% during the fourth quarter. State of Alaska Department of Revenue now owns 3,768 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 3,059 shares in the last quarter. OP Asset Management Ltd acquired a new stake in Peapack-Gladstone Financial in the first quarter worth $116,000. Finally, Aquatic Capital Management LLC grew its holdings in Peapack-Gladstone Financial by 23.1% in the third quarter. Aquatic Capital Management LLC now owns 5,240 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 985 shares during the period. 72.75% of the stock is currently owned by institutional investors.

Trending Headlines about Peapack-Gladstone Financial

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

• Positive Sentiment: Second-quarter revenue rose 23% year over year to $86.1 million, marking the company’s ninth consecutive quarter of revenue growth. Net income available to common shareholders increased to $15.8 million from $7.9 million a year earlier, while diluted EPS climbed to $0.85 from $0.45. Peapack-Gladstone Reports $86.1 Million Q2 Revenue as Earnings Rise
• Positive Sentiment: Balance-sheet and fee-based businesses continued to expand. Total loans increased $854 million year over year to $6.7 billion, deposits rose $694 million to $7.1 billion, and wealth-management assets under management and administration grew 13% to $13.9 billion. Net interest income was $63.9 million, with a 3.32% net interest margin. Peapack-Gladstone Financial Corporation Reports Second Quarter Financial Results
• Positive Sentiment: EPS increased from $0.80 in the prior quarter and $0.45 in the year-ago quarter, indicating continued earnings momentum despite the quarterly estimate miss. Peapack-Gladstone Financial Reports Strong Q2 2026 Results
• Neutral Sentiment: The company issued the remaining $20 million of its 6% non-cumulative perpetual convertible preferred stock on July 24. The capital should support growth, but the convertible feature could create future dilution for common shareholders. Peapack-Gladstone Reports $86.1 Million Q2 Revenue as Earnings Rise
• Negative Sentiment: Quarterly EPS of $0.85 fell short of the $0.87 consensus estimate, which could weigh on sentiment despite the sharp year-over-year improvement. Peapack-Gladstone Lags Q2 Earnings Estimates
• Negative Sentiment: Wall Street Zen downgraded PGC to “Hold,” signaling more cautious expectations for the shares. Peapack-Gladstone Financial Cut to Hold

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.