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$33.35 -$0.17 (-0.5%)

09:55 AM EDT on 10/26/21

Peapack-Gladstone Financial Corp (NASDAQ:PGC)

CAPS Rating: No stars

Holding company for Peapack-Gladstone Bank a state chartered commercial bank that offers quality, personalized financial, trust and investment services to individuals and small businesses.

Current Price $33.35 Mkt Cap $599.3M
Open $33.73 P/E Ratio 14.37
Prev. Close $33.52 Div. (Yield) $0.20 (0.6%)
Daily Range $32.79 - $33.73 Volume 2,135
52-Wk Range $16.37 - $34.67 Avg. Daily Vol. 43,628

Caps

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All Players

16 Outperform
7 Underperform
 

All-Star Players

1 Outperform
2 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:PGC Bull/Bear Pitches

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Top Bull Pitch

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NetscribeBanking (68.21)
Submitted March 23, 2007

Peapack-Gladstone Financial Corporation is a company that provides financial services through its wholly owned subsidiary, Peapack-Gladstone Bank, a community bank founded in 1921, and its Trust division, PGB Trust and Investments. Peapack-Gladstone… More

NASDAQ:PGC VS S&P 500 (SPY)

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Recent Community Commentary

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Recs

0
Member Avatar Etirado (33.16) Submitted: 5/29/2019 4:40:39 PM : Outperform Start Price: $26.65 NASDAQ:PGC Score: -37.36

Screener Pick 5/29/19

Recs

0
Member Avatar labradingo (< 20) Submitted: 3/24/2008 7:11:26 PM : Outperform Start Price: $21.02 NASDAQ:PGC Score: -191.38

Steady utility

Recs

2
Member Avatar NetscribeBanking (68.21) Submitted: 3/23/2007 8:56:43 AM : Underperform Start Price: $24.35 NASDAQ:PGC Score: +199.06

Peapack-Gladstone Financial Corporation is a company that provides financial services through its wholly owned subsidiary, Peapack-Gladstone Bank, a community bank founded in 1921, and its Trust division, PGB Trust and Investments. Peapack-Gladstone Bank bank provides a range of banking services to individual and corporate customers through its 22 branches operating in central New Jersey.

The banks financial performance in fiscal 2006 has been sluggish, with its net interest income falling by 7% on the back of higher provisioning on account of bad loans. Net income of the bank went down by 22% due to losses in its investment portfolio and was a consequence of rising yields.

The banks advances portfolio mainly comprises of residential mortgages which offers modest yields. The rising rate environment where the U.S federal bank increased the rates for 17 consecutive times by 25 bps each time has catapulted the bench mark rates from 1% to 5.25%. This development has hurt financial services companies and Peapack is no different. The recent sub prime meltdown has also reduced investor confidence to invest in banks whose balance sheet is loaded with mortgage asset. This is also because the downswing in U.S housing market has eroded substantial collateral value raising the risk attached to the assets.

The banks asset quality is decent. However recent hike in loss provisioning is of some concern. The bank has nothing unique in its business model. Thus if the macro environment again becomes positive for financial assets this bank would do well. But because if U.S economy experiences sharp downturn then banks such as these would be facing troubled times.

The valuation of the company is reasonable. However looking at the risk of hard landing of U.S economy coupled with a slump in the U.S housing market, this might not be a stock investors would want to have in its portfolio.

Leaderboard

Find the members with the highest scoring picks in PGC.

Score Leader

schwah8

schwah8 (97.11) Score: +400.66

The Score Leader is the player with the highest score across all their picks in PGC.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
schwah8 97.11 10/14/2008 Underperform NS $26.01 +29.70% +430.36% +400.66 0 Comment
MLG100 28.90 5/8/2009 Underperform 5Y $15.34 +119.94% +398.37% +278.42 0 Comment
notanmba < 20 2/15/2008 Underperform 1Y $22.34 +51.00% +255.09% +204.09 0 Comment
NetscribeBanking 68.21 3/23/2007 Underperform 1Y $24.35 +38.52% +237.58% +199.06 1 Comment
shortemall 94.61 8/20/2007 Underperform 5Y $21.30 +58.36% +233.07% +174.71 0 Comment
cybercrs < 20 2/23/2010 Underperform 3W $11.35 +197.25% +312.69% +115.44 0 Comment
Ruckwerts 29.03 10/4/2011 Underperform 3Y $8.80 +283.36% +320.89% +37.53 0 Comment
WinyahBayInv 67.90 6/3/2021 Outperform 5Y $33.47 +0.78% +9.49% -8.71 0 Comment
Etirado 33.16 5/30/2019 Outperform 1Y $26.65 +26.56% +63.92% -37.36 1 Comment
SavageGamble < 20 5/7/2013 Outperform 5Y $13.82 +144.06% +182.19% -38.13 0 Comment

Wall Street

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