New insider activity at Peapack-Gladstone Financial ( (PGC) ) has taken place on July 24, 2025.
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President & CEO Douglas Kennedy has made a significant investment by purchasing 3,720 shares of Peapack-Gladstone Financial stock, amounting to a total value of $97,612.
Recent Updates on PGC stock
Peapack-Gladstone Financial has recently reported strong financial results for the second quarter of 2025, with a notable 12% increase in deposits and a net income of $7.9 million. This growth is attributed to successful expansion efforts in Metro New York, which brought in over 700 new relationships and $1.3 billion in new core deposits. The company’s wealth management division also saw a rise in assets under management to $12.3 billion, contributing significantly to revenue. Despite these positive developments, Keefe Bruyette lowered the firm’s price target for Peapack-Gladstone from $38 to $35, while maintaining an Outperform rating. This adjustment reflects a cautious approach due to mixed technical sentiment and moderate valuation attractiveness, although the company’s strategic expansions and solid financial performance provide a positive outlook. The absence of earnings call data has limited further insights into future guidance.
Spark’s Take on PGC Stock
According to Spark, TipRanks’ AI Analyst, PGC is a Neutral.
Peapack-Gladstone Financial’s overall score reflects a stable financial foundation and strong recent performance in deposits and expansion. However, technical analysis signals caution with bearish trends, and valuation indicates limited appeal for income investors. The company’s strategic efforts and solid financial management provide a promising outlook, but consistent profitability and improved operational efficiency remain key areas for enhancement.
To see Spark’s full report on PGC stock, click here.
More about Peapack-Gladstone Financial
YTD Price Performance: -17.53%
Average Trading Volume: 85,958
Technical Sentiment Signal: Sell
Current Market Cap: $467.2M