John Babcock Sells Shares of Peapack-Gladstone Financial

John Babcock, Senior Executive Vice President and President of Private Wealth Management at Peapack-Gladstone Financial Corporation, sold 5,000 shares of the company. The transaction, which took place on June 29, 2026, was valued at approximately $235,550, with an average sale price of $47.11 per share. This sale was not part of a pre-scheduled trading plan.

Insider Buying and Selling at Peapack-Gladstone Financial Corporation

In addition to John Babcock's recent transaction, Lisa Chalkan, Executive Vice President and Chief Credit Officer, sold 1,100 shares at $47.60 each on the same day. Earlier in June, Francesco Rossi, Senior Vice President and Chief Accounting Officer, sold 2,484 shares at $45.52. Notably, Frank Cavallaro, SEVP & Chief Financial Officer, bought 2,890 shares at $34.95 on March 31, 2026.

Peapack-Gladstone Financial Corporation Stock Up 4.9%

As of Tuesday, shares of NasdaqGS:PGC traded at $47.64. Peapack-Gladstone Financial Corporation has a market capitalization of approximately $850.3 million. The company's P/E ratio stands at 19.43, with a forward P/E of 9.87, and a beta of 0.729. Over the past 52 weeks, the stock has ranged from $24.42 to $48.31. The 50-day moving average is $42.98, and the 200-day moving average is $33.43.

Analysts Set New Price Targets

On June 26, 2026, Piper Sandler maintained its "buy" rating on Peapack-Gladstone Financial, setting a price target of $54.00. Overall, analysts have a consensus recommendation of "strong buy," with a mean target price of $49.44 based on four analyst opinions.

About Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation is a bank holding company headquartered in Bedminster, New Jersey. It operates through its subsidiary, Peapack Private Bank & Trust, offering private banking and wealth management services. The company serves a diverse clientele, including businesses, non-profits, and high-net-worth individuals, with a range of financial products such as checking accounts, loans, and investment management services. Founded in 1921, Peapack-Gladstone has a workforce of 682 employees.

Bottom Line

Investors keep a close eye on insider transactions like John Babcock's recent sale to gauge executive sentiment. While insider selling can attract attention, it doesn't necessarily signal negative prospects for the company. Peapack-Gladstone Financial continues to hold a strong position in the regional banking sector, with analysts maintaining a positive outlook. As always, these insights are based on past filings and may not reflect current conditions.