Piper Sandler Reiterates Buy Rating for Peapack-Gladstone Financial
Piper Sandler maintains a buy rating on Peapack-Gladstone Financial with a $54 price target, a 13.35% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating for Peapack-Gladstone Financial Corporation (PGC) with a $54 price target on June 26, 2026.
- Piper Sandler's $54 price target implies 13.35% upside from Peapack-Gladstone Financial Corporation's ($PGC) current $47.64 share price.
- Shares of PGC traded near $46.40 on Friday, with a market cap of $822.1 million and a P/E ratio of 18.8.
- BlackRock, Inc. reduced its holdings in PGC by 92,916 shares, while Vanguard Capital Management LLC opened a new position with 686,064 shares.
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Piper Sandler reiterated its buy rating for Peapack-Gladstone Financial Corporation (NasdaqGS: PGC) on June 26, 2026. The firm set a price target of $54 for the stock. Shares of Peapack-Gladstone traded at around $46.40 on Friday.
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Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating for Peapack-Gladstone Financial Corporation with a price target of $54. Analyst Manuel Navas continues to see potential upside in the stock. The consensus among analysts is a buy rating, with a mean target price of $48.44 based on four opinions.
Other Institutional Activity in Peapack-Gladstone Financial
Several institutional investors adjusted their positions in Peapack-Gladstone Financial recently. BlackRock, Inc. reduced its stake by 92,916 shares, bringing its total to 1,471,349 shares worth about $51.8 million. Dimensional Fund Advisors LP increased its holdings by 14,582 shares to a total of 1,035,091 shares valued at approximately $36.4 million, marking a 1.4% increase. Vanguard Capital Management LLC opened a new position with 686,064 shares valued at $24.2 million. Meanwhile, Philadelphia Trust Co trimmed its position by 13,826 shares, holding 671,779 shares valued at $23.7 million. Wellington Management Group LLP also reduced its holdings by 37,920 shares, leaving it with 636,083 shares worth $22.4 million.
Peapack-Gladstone Financial Corporation Stock Up 5.6%
Shares of Peapack-Gladstone Financial Corporation traded near $46.40 on Friday. The company has a market capitalization of approximately $822.1 million and a P/E ratio of 18.8. The stock's 52-week range is between $24.42 and $46.60, with a 50-day moving average of $42.80 and a 200-day moving average of $33.34. With a beta of 0.729, the stock exhibits lower volatility compared to the broader market.
$PGC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Peapack-Gladstone Financial reported revenue of $273.9 million, reflecting a growth of 25.5%. The company achieved a net margin of 16% and a return on equity of 6.6%. Its earnings per share stood at $2.47. Looking ahead, the company is expected to announce its next earnings on July 27, 2026.
Dividend
The company pays an annual dividend rate of $0.20, yielding 0.43% with a payout ratio of 8.1%.
Insider Buying and Selling at Peapack-Gladstone Financial Corporation
Recent insider activity includes sales by Francesco Rossi, SVP/Chief Accounting Officer, who sold 2,484 shares at an average price of $45.52 on June 11, 2026. Anthony Spinelli sold 2,000 shares at $44.63 on June 8, 2026. Earlier in the year, President & CEO Douglas Kennedy purchased 11,296 shares at $35.21 on March 30, 2026.
About Peapack-Gladstone Financial Corporation
Peapack-Gladstone Financial Corporation is a bank holding company for Peapack Private Bank & Trust, offering private banking and wealth management services. Headquartered in Bedminster, New Jersey, the company operates in the Banking and Wealth Management segments. It provides various banking services, including checking and savings accounts, loans, and asset management. The company is led by CEO Douglas L. Kennedy and employs 682 people.
Bottom Line
Piper Sandler's reaffirmation of its buy rating and $54 price target for Peapack-Gladstone Financial reflects confidence in the company's growth prospects. The stock's recent trading levels and institutional activity demonstrate continued interest from investors. As always, 13F filings and analyst ratings provide a backward-looking view and may not represent the company's current position or future performance.
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