Peapack-Gladstone Financial (NASDAQ:PGC) Posts Earnings Results, Misses Estimates By $0.03 EPS

Peapack-Gladstone Financial (NASDAQ:PGC) released its quarterly earnings results on Monday. The financial services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03), Zacks reports. Peapack-Gladstone Financial had a return on equity of 6.75% and a net margin of 9.60%.The firm had revenue of $86.05 million during the quarter, compared to the consensus estimate of $85.17 million.

Peapack-Gladstone Financial Price Performance

Shares of PGC opened at $47.04 on Tuesday. Peapack-Gladstone Financial has a 1 year low of $24.42 and a 1 year high of $49.14. The stock has a 50 day simple moving average of $45.32 and a two-hundred day simple moving average of $38.79. The firm has a market cap of $833.45 million, a P/E ratio of 18.97 and a beta of 0.71.

Insider Activity

In related news, EVP Lisa Chalkan sold 1,100 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $47.60, for a total transaction of $52,360.00. Following the transaction, the executive vice president owned 26,075 shares of the company’s stock, valued at approximately $1,241,170. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony W. Spinelli sold 2,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.63, for a total transaction of $89,260.00. Following the completion of the sale, the director directly owned 11,742 shares of the company’s stock, valued at $524,045.46. This represents a 14.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,100 shares of company stock valued at $377,170. Corporate insiders own 5.75% of the company’s stock.

Institutional Investors Weigh In On Peapack-Gladstone Financial

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Peapack-Gladstone Financial by 67.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,138,723 shares of the financial services provider’s stock worth $31,429,000 after purchasing an additional 456,828 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Peapack-Gladstone Financial by 255.0% during the fourth quarter. Russell Investments Group Ltd. now owns 108,782 shares of the financial services provider’s stock valued at $3,030,000 after purchasing an additional 78,135 shares during the period. Millennium Management LLC grew its holdings in shares of Peapack-Gladstone Financial by 100.8% in the fourth quarter. Millennium Management LLC now owns 143,306 shares of the financial services provider’s stock worth $3,991,000 after purchasing an additional 71,932 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Peapack-Gladstone Financial in the fourth quarter worth approximately $1,965,000. Finally, Walleye Capital LLC increased its stake in shares of Peapack-Gladstone Financial by 525.8% in the fourth quarter. Walleye Capital LLC now owns 71,628 shares of the financial services provider’s stock worth $1,995,000 after buying an additional 60,183 shares during the period. 72.75% of the stock is currently owned by hedge funds and other institutional investors.

More Peapack-Gladstone Financial News

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

Analyst Upgrades and Downgrades

PGC has been the subject of several recent analyst reports. Zacks Research upgraded Peapack-Gladstone Financial from a “hold” rating to a “strong-buy” rating in a research report 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. Raymond James Financial boosted their price objective on Peapack-Gladstone Financial from $49.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 1st. Piper Sandler upped their price objective on shares of Peapack-Gladstone Financial from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded shares of Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research note on Sunday. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, Peapack-Gladstone Financial currently has an average rating of “Buy” and an average price target of $49.67.

About Peapack-Gladstone Financial

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.