An announcement from Peapack-Gladstone Financial ( (PGC) ) is now available.
On April 29, 2025, Peapack-Gladstone Financial Corporation held its Annual Meeting of Shareholders, where the 2025 Long-Term Incentive Plan was approved, and fourteen directors were elected for one-year terms. The company reported strong financial performance in 2024, with notable growth in core relationship deposits and net interest income, despite a challenging interest rate environment. The expansion into the metro New York area has exceeded expectations, contributing to a robust liquidity profile and positioning the company for future growth.
Spark’s Take on PGC Stock
According to Spark, TipRanks’ AI Analyst, PGC is a Neutral.
Peapack-Gladstone Financial’s score is driven by mixed financial performance, highlighted by challenges in cash flow and liabilities. However, strong corporate developments and a neutral valuation provide some positive balance. Technical indicators suggest caution, as the stock exhibits signs of downward momentum.
To see Spark’s full report on PGC stock, click here.
More about Peapack-Gladstone Financial
Peapack-Gladstone Financial Corporation, recently rebranded as Peapack Private Bank & Trust, operates in the financial services industry, focusing on private banking, wealth management, and commercial lending. The company has been expanding its presence in the metro New York area, enhancing its market position with a significant increase in core relationship deposits and a strategic focus on liquidity and profitability.
YTD Price Performance: -13.78%
Average Trading Volume: 101,589
Technical Sentiment Signal: Buy
Current Market Cap: $485.5M
For an in-depth examination of PGC stock, go to TipRanks’ Stock Analysis page.