Peapack-Gladstone FinancialPGC
About: Peapack Gladstone Financial Corp provides banking services. It operates through two segments namely Banking, which involves the delivery of loans and deposits, and Peapack Private Division which includes asset management services. The banking segment includes commercial real estate, multifamily, residential and consumer lending, deposit generation, and internet banking services. Peapack Private includes asset management services for individuals and institutions; personal trust services, administrator, custodian and guardians, and other financial planning and advisory services.
Employees: 521
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
20% more capital invested
Capital invested by funds: $298M [Q2] → $356M (+$58.5M) [Q3]
8% more funds holding
Funds holding: 113 [Q2] → 122 (+9) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.46% less ownership
Funds ownership: 73.97% [Q2] → 73.52% (-0.46%) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 41
31% less call options, than puts
Call options by funds: $36K | Put options by funds: $52K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Keefe, Bruyette & Woods Christopher O'Connell 73% 1-year accuracy 11 / 15 met price target | 20%upside $44 | Outperform Maintained | 4 Dec 2024 |