Peapack-gladstone Financial (PGC) has disclosed a new risk, in the Debt & Financing category.
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Peapack-Gladstone Financial faces heightened risk exposure due to its concentrated loan portfolio in select industries, with significant portions allocated to office building lessors and the retail sector. The company’s commercial real estate loan portfolio is particularly vulnerable to market downturns, especially as remote work continues to negatively impact commercial spaces like offices and retail establishments. A downturn in the commercial real estate market could thus have a deleterious effect on Peapack-Gladstone Financial’s financial health and operating results.
The average PGC stock price target is $32.25, implying 33.26% upside potential.
To learn more about Peapack-gladstone Financial’s risk factors, click here.