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Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 45.6GRADE C
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
5.0%
Sector: 8.5%
Dividend Analysis audit
GROWTH
0.73%
Trailing Yield
$0.73
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
15%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, PEAPACK GLADSTONE FINANCIAL CORP (PGC) receives a "Hold" rating with a composite score of 49.3/100, ranked #362 out of 4446 stocks. Key factor scores: Quality 46/100, Value 68/100, Momentum 57/100. This is quantitative analysis only — not investment advice.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does PEAPACK GLADSTONE FINANCIAL CORP Do?
Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; asset and investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines at 20 locations. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey. PEAPACK GLADSTONE FINANCIAL CORP (PGC) is classified as a small-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Douglas L. Kennedy and employs approximately 500 people, headquartered in Bedminster, New Jersey. With a market capitalization of $633M, PGC is one of the notable companies in the Financials sector.
As of April 2026, PEAPACK GLADSTONE FINANCIAL CORP receives a Hold rating with a composite score of 49.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.PGC ranks #362 out of 4,446 stocks in our coverage universe. Within the Financials sector, PEAPACK GLADSTONE FINANCIAL CORP ranks #126 of 891 stocks, placing it in the top quartile of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PGC Stock Price and 52-Week Range
PEAPACK GLADSTONE FINANCIAL CORP (PGC) currently trades at $38.38. The stock lost $0.41 (1.1%) in the most recent trading session. The 52-week high for PGC is $35.68, which means the stock is currently trading 7.6% from its annual peak. The 52-week low is $23.96, putting the stock 60.2% above its annual trough. Recent trading volume was 75K shares, suggesting relatively thin trading activity.
Is PGC Overvalued or Undervalued? — Valuation Analysis
PEAPACK GLADSTONE FINANCIAL CORP (PGC) carries a value factor score of 68/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 20.02x, compared to the Financials sector average of 14.88x — a premium of 35%. The price-to-book ratio stands at 1.00x, versus the sector average of 1.22x. The price-to-sales ratio is 1.86x, compared to 0.90x for the average Financials stock. On an enterprise value basis, PGC trades at 4.27x EV/EBITDA, versus 3.26x for the sector.
Overall, PGC's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) earns a quality factor score of 46/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 5.0%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.4% versus the sector average of 1.2%.
On a margin basis, PEAPACK GLADSTONE FINANCIAL CORP reports gross margins of 0.0%. The operating margin is 43.7% (sector: 21.8%). Net profit margin stands at 9.3%, versus 17.7% for the average Financials stock. Revenue growth is running at 16.8% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
PGC Debt, Balance Sheet, and Financial Health
PEAPACK GLADSTONE FINANCIAL CORP has a debt-to-equity ratio of 1043.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.10x, suggesting adequate working capital coverage. Total debt on the balance sheet is $99M. Cash and equivalents stand at $9M.
PGC has a beta of 0.94, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for PEAPACK GLADSTONE FINANCIAL CORP is 70/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
PEAPACK GLADSTONE FINANCIAL CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, PEAPACK GLADSTONE FINANCIAL CORP reported revenue of $352M and earnings per share (EPS) of $2.12. Net income for the quarter was $33M. Gross margin was 0.0%. Operating income came in at $153M.
In FY 2025, PEAPACK GLADSTONE FINANCIAL CORP reported revenue of $283M and earnings per share (EPS) of $2.12. Net income for the quarter was $37M. Revenue grew 24.1% year-over-year compared to FY 2024. Operating income came in at $52M.
In Q3 2025, PEAPACK GLADSTONE FINANCIAL CORP reported revenue of $93M and earnings per share (EPS) of $0.55. Net income for the quarter was $10M. Revenue grew 11.2% year-over-year compared to Q3 2024. Operating income came in at $40M.
In Q2 2025, PEAPACK GLADSTONE FINANCIAL CORP reported revenue of $90M and earnings per share (EPS) of $0.45. Net income for the quarter was $8M. Revenue grew 13.1% year-over-year compared to Q2 2024. Operating income came in at $38M.
Over the past 8 quarters, PEAPACK GLADSTONE FINANCIAL CORP has demonstrated a growth trajectory, with revenue expanding from $79M to $352M. Investors analyzing PGC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PGC Dividend Yield and Income Analysis
PEAPACK GLADSTONE FINANCIAL CORP (PGC) currently pays a dividend yield of 0.7%. At this yield, a $10,000 investment in PGC stock would generate approximately $$73.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning PGC yields less than the typical sector peer. The net margin of 9.3% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
PGC Momentum and Technical Analysis Profile
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a momentum factor score of 57/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 27/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 14/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
PGC vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing PGC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PGC vs S&P 500 (SPY) comparison to assess how PEAPACK GLADSTONE FINANCIAL CORP stacks up against the broader market across all factor dimensions.
PGC Next Earnings Date
No upcoming earnings date has been announced for PEAPACK GLADSTONE FINANCIAL CORP (PGC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PGC? — Investment Thesis Summary
PEAPACK GLADSTONE FINANCIAL CORP presents a balanced picture with arguments on both sides. The value score of 68/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 70/100) reduces downside risk.
In summary, PEAPACK GLADSTONE FINANCIAL CORP (PGC) earns a Hold rating with a composite score of 49.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PGC stock.
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Institutional Research Dossier
PEAPACK GLADSTONE FINANCIAL CORP (PGC) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain a Hold rating on Peapack-Gladstone Financial Corporation (PGC). While the company exhibits strengths in revenue growth and operating margin compared to the sector, its lower ROE, high debt-to-equity ratio, and relatively weak free cash flow generation raise concerns about its long-term profitability and financial stability. The current valuation appears fair, but the risks associated with its capital allocation and short interest warrant a cautious approach.
PGC's strategic focus on private banking and wealth management in the New Jersey market offers some insulation from broader economic downturns, but its ability to sustain its growth trajectory and improve its financial health metrics will be crucial for future performance. Investors should closely monitor the company's progress in managing its debt levels and improving its return on equity before considering a more bullish stance.
Business Strategy & Overview
Peapack-Gladstone Financial Corporation operates as a bank holding company, primarily focusing on providing private banking and wealth management services through its subsidiary, Peapack-Gladstone Bank. The company's business model is centered around offering a comprehensive suite of financial products and services, including traditional banking products like checking and savings accounts, as well as specialized services such as commercial lending, residential mortgages, and wealth management solutions. The company operates in two segments: Banking and Peapack Private. The Banking segment focuses on traditional banking activities, while the Peapack Private segment offers wealth management and trust services.
PGC differentiates itself by targeting high-net-worth individuals, families, and businesses in the New Jersey market. This focus allows the company to build strong client relationships and offer personalized financial solutions. The company's strategy involves expanding its private banking locations and wealth management branches to increase its market presence and attract new clients. The company also emphasizes technology and customer service to enhance the client experience and improve operational efficiency. The company's strategic positioning in the competitive banking industry involves leveraging its local market knowledge and expertise to provide tailored financial solutions to its target clientele.
The company's revenue streams are diversified across various financial products and services, including interest income from loans, fees from wealth management services, and other service charges. The company's ability to generate revenue is dependent on factors such as interest rate movements, loan demand, and the performance of its wealth management business. The company's strategic focus on private banking and wealth management provides a degree of stability and recurring revenue, as these services tend to be less cyclical than traditional banking activities. The company's product pipeline includes new financial products and services designed to meet the evolving needs of its clients.
In the current industry context, PGC faces competition from larger national banks, regional banks, and wealth management firms. The company's ability to compete effectively depends on its ability to provide superior customer service, offer competitive pricing, and maintain a strong reputation. The company's strategic focus on the New Jersey market provides a competitive advantage, as it allows the company to build strong local relationships and tailor its services to the specific needs of the community. The company's emphasis on technology and innovation also helps it to differentiate itself from competitors and attract new clients.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
16.8%
Sector: 9.4%
+79% VS SCTR
Economic Moat Analysis
Peapack-Gladstone Financial Corporation likely possesses a Narrow economic moat. This assessment is based on a combination of factors, including its focus on private banking and wealth management, its strong local presence in the New Jersey market, and its ability to build strong client relationships. While the company does not have a dominant market share or unique technology, its specialized services and personalized approach create some degree of customer loyalty and switching costs.
The company's focus on private banking and wealth management allows it to cater to a specific segment of the market with higher barriers to entry. High-net-worth individuals and businesses often require specialized financial solutions and personalized service, which smaller, more nimble institutions like PGC can provide more effectively than larger, more bureaucratic banks. This specialization creates a niche market where PGC can compete effectively and build a loyal customer base.
The company's strong local presence in the New Jersey market also contributes to its economic moat. By focusing on a specific geographic area, PGC can build strong relationships with local businesses and community organizations. This local presence allows the company to better understand the needs of its clients and provide tailored financial solutions. The company's reputation and brand recognition in the New Jersey market also provide a competitive advantage.
Switching costs, while not exceptionally high, do exist for PGC's clients. Moving wealth management accounts or changing banking relationships can be a time-consuming and complex process. Clients may be hesitant to switch providers if they are satisfied with the service they are receiving and trust their existing financial advisors. This inertia provides some degree of protection for PGC's customer base.
However, it's important to acknowledge the limitations of PGC's economic moat. The banking industry is highly competitive, and PGC faces competition from larger national banks, regional banks, and wealth management firms. These competitors have greater resources and brand recognition, which could make it difficult for PGC to maintain its market share and attract new clients. The company's reliance on the New Jersey market also exposes it to regional economic risks.
Overall, PGC's economic moat is considered Narrow due to its specialized services, strong local presence, and some degree of switching costs. While the company does not have a dominant competitive advantage, its focus on private banking and wealth management in the New Jersey market provides some insulation from competition and allows it to generate consistent earnings.
Financial Health & Profitability
Peapack-Gladstone Financial Corporation's financial health presents a mixed picture. The company has demonstrated strong revenue growth, with TTM revenue of $283.00 million and a revenue growth rate of 16.8% compared to the sector average of 9.3%. This indicates that PGC is effectively expanding its business and gaining market share. The company's operating margin of 43.7% is also significantly higher than the sector average of 22.0%, suggesting efficient cost management and a profitable business model. However, the net margin of 9.3% is lower than the sector average of 17.8%, indicating that the company's profitability is being impacted by factors such as interest expenses or taxes.
The company's return on equity (ROE) of 5.0% is significantly lower than the sector average of 8.5%, which raises concerns about the company's ability to generate returns for its shareholders. This could be due to factors such as lower net income or higher equity levels. The company's debt-to-equity ratio of 1,043.00 is significantly higher than the sector average of 115.00, indicating a high level of leverage. This high debt level could increase the company's financial risk and limit its ability to invest in future growth opportunities.
The company's free cash flow (FCF) of $9.20 million is relatively low compared to its market capitalization of $582.99 million, indicating that the company is not generating significant cash flow from its operations. This could be due to factors such as high capital expenditures or working capital requirements. The company's current ratio of 1.10 indicates that it has sufficient current assets to cover its current liabilities, but it is not a particularly strong ratio.
Analyzing the quarterly financial history reveals a trend of increasing revenue and net income over the past few years. However, the operating margin has fluctuated, indicating that the company's profitability is not consistently improving. The company's EPS has also fluctuated, reflecting the volatility of its earnings. The absence of free cash flow data in the quarterly history makes it difficult to assess the company's cash flow generation trends.
Overall, PGC's financial health is characterized by strong revenue growth and operating margin, but lower ROE, high debt-to-equity ratio, and relatively weak free cash flow generation. The company needs to improve its profitability and reduce its leverage to enhance its financial stability and generate better returns for its shareholders. Investors should closely monitor the company's progress in managing its debt levels and improving its return on equity.
Valuation Assessment
Peapack-Gladstone Financial Corporation's valuation presents a mixed picture. The company's P/E ratio of 15.7x is slightly higher than the sector average of 15.5x, suggesting that the stock is fairly valued relative to its earnings. However, the EV/EBITDA ratio of 2.8x is lower than the sector average of 3.5x, indicating that the stock may be undervalued based on its enterprise value and earnings before interest, taxes, depreciation, and amortization.
The company's free cash flow yield is relatively low, given its market capitalization and free cash flow generation. This suggests that the stock may be overvalued based on its cash flow generation potential. However, it's important to consider that the company's free cash flow may be temporarily depressed due to factors such as high capital expenditures or working capital requirements.
Comparing PGC's valuation to its historical averages is challenging due to the limited historical data provided. However, the company's recent revenue growth and operating margin improvement suggest that its valuation may be justified by its growth prospects. The company's strategic focus on private banking and wealth management also provides some support for its valuation, as these services tend to be less cyclical than traditional banking activities.
The BCR proprietary quant model assigns a Value score of 69/100 to PGC, indicating that the stock is relatively undervalued based on its multiples. However, the model also assigns a Quality score of 46/100, suggesting that the company's profitability and returns are below average. The Momentum score of 55/100 indicates that the stock's price and revisions are moderately positive, while the Investment score of 27/100 suggests that the company's capital allocation and growth prospects are weak. The Stability score of 70/100 indicates that the stock is relatively stable and has low volatility.
Overall, PGC's valuation appears to be fair, but it is not particularly compelling. The stock is trading at a slight premium to its earnings, but it is undervalued based on its enterprise value and EBITDA. The company's free cash flow yield is relatively low, but its recent revenue growth and operating margin improvement suggest that its valuation may be justified by its growth prospects. Investors should carefully consider the company's financial health and growth prospects before making an investment decision.
Risk & Uncertainty
Peapack-Gladstone Financial Corporation faces several specific, idiosyncratic risks that could negatively impact its business and financial performance. One of the primary risks is its high debt-to-equity ratio. The company's leverage significantly exceeds the sector average, making it vulnerable to interest rate increases and economic downturns. Higher interest expenses could erode profitability, while a weakening economy could lead to increased loan defaults and reduced demand for its services.
Another significant risk is the company's reliance on the New Jersey market. A regional economic downturn or increased competition from other financial institutions in the area could negatively impact PGC's revenue and earnings. The company's ability to expand its business beyond the New Jersey market is limited, which makes it more susceptible to regional economic risks.
The company's relatively weak free cash flow generation also poses a risk. Low free cash flow could limit PGC's ability to invest in future growth opportunities, pay dividends, or repurchase shares. It could also make it more difficult for the company to manage its debt levels and maintain its financial stability.
Regulatory changes in the financial services industry could also pose a risk to PGC. New regulations could increase compliance costs, restrict the company's business activities, or reduce its profitability. The company's ability to adapt to changing regulatory requirements will be crucial for its long-term success.
Bulls Say / Bears Say
The Bull Case
BULL VIEWPGC's strategic focus on private banking and wealth management in the affluent New Jersey market provides a stable and growing revenue stream.
BULL VIEWThe company's strong operating margin compared to the sector indicates efficient cost management and potential for further profitability improvements.
The Bear Case
BEAR VIEWPGC's high debt-to-equity ratio exposes it to significant financial risk, especially in a rising interest rate environment.
BEAR VIEWThe company's low return on equity compared to peers suggests inefficient capital allocation and limited shareholder value creation.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score PGC and 4,400+ other equities.
PEAPACK GLADSTONE FINANCIAL CORP exhibits a 39% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
0.4%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
43.7%
Sector: 21.8%
Net Margin
Bottom-line profitability
9.3%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta-71%
Income Projection audit
A $10,000 investment would generate approximately $73 annually in dividends at the current trailing rate.
