Peapack-Gladstone Financial

PGC · NASDAQ

$43.90+$1.08 (+2.52%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $42.82

PGC analyst rating

BuyConsensus of 5 analysts over the last 12 months. 100% rate it a buy.

Strong buy1
Buy4
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $57.12 (+30.1% upside)

Low: $55.55
Now: $43.90
High: $60.90

Upgrades and downgrades

The latest rating actions, newest first

PGC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Aug 3, 2026	Maintains	Outperform	$55.00 → $56.00	66%
Piper Sandler	Jul 29, 2026	Maintains	Overweight	$54.00 → $58.00	46%
Raymond James	Jul 1, 2026	Maintains	Strong Buy	$49.00 → $55.00	59%
Piper Sandler	Jun 26, 2026	Maintains	Overweight	$50.00 → $54.00	46%
Piper Sandler	Apr 2, 2026	Maintains	Overweight	$39.00 → $41.00	74%
Piper Sandler	Feb 27, 2026	Maintains	Overweight	$35.00 → $39.00	74%
Keefe, Bruyette & Woods	Feb 2, 2026	Maintains	Outperform	$35.00 → $40.00	78%
Piper Sandler	Dec 10, 2025	Maintains	Overweight	$30.00 → $32.00	74%

The case for and against

Updated Jan 12, 2026

Bull case

Peapack Gladstone Financial Corp has demonstrated significant growth, with a notable 31% increase in total headcount over the past two years, indicating a strategic expansion of its workforce to support business growth. Additionally, the company reported a 6.1% quarter-over-quarter and 37.8% year-over-year increase in net interest income, fueled by a 9.1% year-over-year growth in loans and a 52 basis points expansion in net interest margin to 2.77%. Furthermore, end-of-period loans rose by 4.7% quarter-over-quarter, driven primarily by growth in residential, multifamily, and commercial and industrial lending segments, which supports a positive outlook for the company's financial performance.

Bear case

Peapack Gladstone Financial Corp's stock is experiencing a negative outlook primarily due to a recent earnings miss attributed to increased expenses related to the expansion of its New York City metro franchise and higher provision expenses. These elevated costs have led to an 8.70% decline in stock value, with asset quality concerns expected to persist as a near-term overhang that adversely affects financial estimates. Although revenue projections remain stable, the significant rise in expenses and challenges with asset quality indicate potential risks for the company's financial performance moving forward.

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