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Peapack-Gladstone Financial
(NASDAQ:PGC)
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Rating:74Outperform
Price Target:
$51.00
▲(12.88% Upside)
Action:Reiterated
Date:10/28/26
PGC scores well primarily due to improving financial fundamentals (stronger margins, cash generation, and reduced leverage) and a constructive earnings outlook with continued growth and improving credit. Technicals are supportive with an established uptrend, while valuation is reasonable but tempered by a low dividend yield and highlighted funding-cost/capital-buffer risks.
Positive Factors
Sustained Revenue and Earnings Growth
Repeated revenue and earnings growth indicates that Peapack-Gladstone is converting its relationship-based banking strategy into sustained operating momentum. Continued expansion across multiple quarters can support reinvestment, strengthen client retention, and provide a durable foundation for higher earnings power.
Negative Factors
Funding Cost and Deposit Pricing Pressure
Deposit competition and greater reliance on borrowings can compress net interest margins even when loan balances expand. Persistent funding-cost pressure would reduce the profitability of growth, make earnings more sensitive to interest-rate conditions, and constrain the benefit of management’s lending momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue and Earnings Growth
Repeated revenue and earnings growth indicates that Peapack-Gladstone is converting its relationship-based banking strategy into sustained operating momentum. Continued expansion across multiple quarters can support reinvestment, strengthen client retention, and provide a durable foundation for higher earnings power.
Read all positive factors
Peapack-Gladstone Financial (PGC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$818.50M
Dividend Yield0.43%
Average Volume (3M)120.01K
Price to Earnings (P/E)13.5
Beta (1Y)0.85
Revenue Growth11.16%
EPS Growth75.53%
CountryUS
Employees682
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.93
Shares Outstanding17,727,951
10 Day Avg. Volume93,130
30 Day Avg. Volume120,008
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)0.74
Price to Sales (P/S)1.11
P/FCF Ratio17.11
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue2.47
Enterprise Value/Gross Profit3.99
Enterprise Value/Ebitda14.73
Forecast
1Y Price Target
$57.00Price Target Upside26.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.57
Revenue Forecast (FY)$351.94M
Peapack-Gladstone Financial Business Overview & Revenue Model
Company Description
Peapack-Gladstone Financial Corporation (PGC) functions as the holding company for Peapack-Gladstone Bank, a financial institution primarily dedicated to delivering private banking and comprehensive wealth management services throughout the United...
How the Company Makes Money
PGC primarily makes money through a combination of interest income from banking activities and noninterest (fee) income from wealth management and other services. (1) Net interest income: The core banking model is to fund assets with deposits and ...
Peapack-Gladstone Financial Earnings Call Summary
Earnings Call Date:Oct 27, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 03, 2027
Earnings Call Sentiment Positive
The call was clearly constructive, with strong earnings growth, positive operating leverage, robust loan and deposit growth, improving credit metrics, a strong pipeline and continued progress toward higher returns. The main challenges were funding-cost and deposit-pricing pressure, lower noninterest income, some softness and required modifications in parts of the multifamily portfolio, narrower capital buffers and the fact that long-term return targets have not yet been reached. The highlights significantly outweighed the lowlights.Positive Updates
Strong Earnings and Sustained Growth
Net income available to common shareholders increased 17% sequentially to $18.5 million, or $0.99 per diluted share, compared with $15.8 million, or $0.86, in the second quarter. Diluted earnings per share increased 15% on a linked-quarter basis. The company reported 10 consecutive quarters of revenue growth and 6 consecutive quarters of earnings growth.
Negative Updates
Funding Cost and Deposit Pricing Pressure
Rapid loan growth and increased competition for deposits required the company to use more borrowings than in recent quarters, tempering the margin benefit of growth. Interest-bearing liabilities increased 10 basis points quarter-to-quarter, and management expects upward pricing pressure on deposit costs. Management said a higher-for-longer rate environment is not favorable and that another rate increase could add further pressure.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Earnings and Sustained Growth
Net income available to common shareholders increased 17% sequentially to $18.5 million, or $0.99 per diluted share, compared with $15.8 million, or $0.86, in the second quarter. Diluted earnings per share increased 15% on a linked-quarter basis. The company reported 10 consecutive quarters of revenue growth and 6 consecutive quarters of earnings growth.
Read all positive updates
Company Guidance
Management’s quarterly operating objectives remain $200 million of loan growth, $200 million of deposit growth and $2 million of core earnings growth, with “absolute visibility” in the fourth quarter and “enough strength” to see the first quarter of next year, although overall growth is expected to “step back a little” and be “probably closer to the 2-2-2 plan”; NIM is expected to improve 2 to 3 basis points in each quarter going into ’27, with 6 to 9 basis points for the year, while deposit beta is expected to be 50% to 60%. Next year’s operating expense growth is expected to be “mid- to upper single digit” and “mid- to single-digit growth”; about $500 million of rent-regulated multifamily will reprice over the next 5 quarters, and over the next 2 years about 20% of the book, or about $1.4 billion in fixed-rate assets, will reprice with a pickup of somewhere between 150 to 200 bps. The company is targeting 90 bps ROA, “maybe getting to 1% early next year,” closer to 1.25% in the fourth quarter of ’27, annualized core earnings of about $180 million versus about $130 million, and long-term objectives of a 1.25%-plus return on assets and a 14% plus return on equity or better.Peapack-Gladstone Financial Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 467.18M | 441.36M | 402.91M | 373.75M | 274.72M | 228.78M |
| Gross Profit | 288.45M | 256.23M | 216.61M | 211.74M | 232.57M | 200.30M |
| EBITDA | 78.19M | 57.51M | 49.58M | 72.29M | 107.39M | 82.45M |
| Net Income | 51.91M | 37.33M | 32.99M | 48.85M | 74.25M | 56.62M |
Balance Sheet | ||||||
| Total Assets | 7.97B | 7.53B | 7.01B | 6.48B | 6.35B | 6.08B |
| Cash, Cash Equivalents and Short-Term Investments | 760.83M | 408.82M | 441.51M | 738.29M | 744.72M | 943.56M |
| Total Debt | 117.45M | 216.78M | 178.48M | 553.39M | 530.92M | 148.63M |
| Total Liabilities | 7.25B | 6.87B | 6.41B | 5.89B | 5.82B | 5.53B |
| Stockholders Equity | 715.78M | 658.21M | 605.85M | 583.68M | 532.98M | 546.39M |
Cash Flow | ||||||
| Free Cash Flow | 105.94M | 28.58M | 63.01M | 66.80M | 115.38M | 71.53M |
| Operating Cash Flow | 110.88M | 43.13M | 71.10M | 70.08M | 118.90M | 75.46M |
| Investing Cash Flow | -865.68M | -735.76M | -303.43M | -147.48M | -356.07M | -753.80M |
| Financing Cash Flow | 693.09M | 489.08M | 436.02M | 75.00M | 280.44M | 171.82M |
Peapack-Gladstone Financial Technical Analysis
Positive
45.18
Price Trends
44.76
Positive
45.46
Positive
41.06
Positive
Market Momentum
0.26
Negative
65.31
Neutral
86.34
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PGC, the sentiment is Positive. The current price of 45.18 is above the 20-day moving average (MA) of 44.16, above the 50-day MA of 44.76, and above the 200-day MA of 41.06, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 65.31 is Neutral, neither overbought nor oversold. The STOCH value of 86.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PGC.
Peapack-Gladstone Financial Risk Analysis
Peapack-Gladstone Financial disclosed 39 risk factors in its most recent earnings report. Peapack-Gladstone Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Peapack-Gladstone Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $868.26M | 9.39 | 14.42% | 2.70% | 1.02% | 18.66% | |
75 Outperform | $712.74M | 12.54 | 10.86% | 3.50% | 0.41% | 68.29% | |
74 Outperform | $818.50M | 13.50 | 8.72% | 0.43% | 11.16% | 75.53% | |
70 Outperform | $751.03M | 11.00 | 11.30% | 2.31% | 2.75% | 20.38% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $803.43M | 9.97 | 13.09% | 3.12% | 46.45% | ― | |
54 Neutral | $263.54M | -7.72 | -5.77% | 5.60% | -17.41% | -674.10% |
* Financial Sector Average
PGC
Peapack-Gladstone Financial
46.17
20.81
82.09%
BCBP
BCB Bancorp
8.57
0.88
11.46%
FISI
Financial Institutions
40.77
13.13
47.48%
ORRF
Orrstown Financial Services
44.14
12.04
37.50%
SHBI
Shore Bancshares
22.55
7.44
49.24%
PFIS
Peoples Financial Services
71.20
26.05
57.68%
Peapack-Gladstone Financial Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Peapack-Gladstone Financial Reports Strong Q3 2026 Results
Positive
Oct 27, 2026
On October 27, 2026, Peapack-Gladstone Financial Corporation reported strong third quarter 2026 results that underscored the continued execution of its private banking strategy and earnings momentum. Total revenue rose 24% year-over-year to $87.5 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.