NasdaqGS:PGC

Stock Analysis Report

Peapack-Gladstone Financial

Executive Summary

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Peapack-Gladstone Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

PGC

2.9%

US Banks

0.07%

US Market


1 Year Return

-1.7%

PGC

8.6%

US Banks

8.9%

US Market

Return vs Industry: PGC underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: PGC underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

PGCIndustryMarket
7 Day1.7%2.9%0.07%
30 Day-3.6%3.4%-0.3%
90 Day-2.0%2.1%-1.6%
1 Year-1.0%-1.7%11.8%8.6%11.3%8.9%
3 Year31.2%28.6%54.8%44.1%46.3%36.8%
5 Year56.0%50.2%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is Peapack-Gladstone Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Peapack-Gladstone Financial undervalued compared to its fair value and its price relative to the market?

18.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGC ($28) is trading below our estimate of fair value ($34.4)

Significantly Below Fair Value: PGC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PGC is good value based on its PE Ratio (12.2x) compared to the Banks industry average (12.6x).

PE vs Market: PGC is good value based on its PE Ratio (12.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: PGC is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: PGC is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Peapack-Gladstone Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGC's forecast earnings growth (7.8% per year) is above the savings rate (2.7%).

Earnings vs Market: PGC's earnings (7.8% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: PGC's earnings are forecast to grow, but not significantly.

Revenue vs Market: PGC's revenue (7.3% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: PGC's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PGC's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

How has Peapack-Gladstone Financial performed over the past 5 years?

25.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PGC's earnings have grown significantly by 25.9% per year over the past 5 years.

Accelerating Growth: PGC's earnings growth over the past year (2.6%) is below its 5-year average (25.9% per year).

Earnings vs Industry: PGC earnings growth over the past year (2.6%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: PGC's Return on Equity (9%) is considered low.


Return on Assets

ROA vs Industry: PGC's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate PGC's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Peapack-Gladstone Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PGC has a low level of unsold assets or inventory.

Debt Coverage by Assets: PGC's debt is covered by short term assets (assets are 1.568230x debt).


Financial Institutions Analysis

Asset Level: PGC's level of assets compared to its equity is low.

Allowance for Bad Loans: PGC has a sufficient allowance for bad loans.

Low Risk Liabilities: PGC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PGC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PGC's loans are broadly funded by customer deposits.

Level of Bad Loans: PGC has an appropriate level of bad loans (0.77%)


Next Steps

Dividend

What is Peapack-Gladstone Financial's current dividend yield, its reliability and sustainability?

0.71%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years0.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PGC's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PGC's dividend (0.71%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: PGC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: PGC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PGC is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PGC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Peapack-Gladstone Financial's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Doug Kennedy (62yo)

7yrs

Tenure

US$2,353,561

Compensation

Mr. Douglas L. Kennedy, also known as Doug, has been the Chief Executive Officer and President of Peapack-Gladstone Financial Corp. (the “Company”) since October 9, 2012 and 2012 respectively. Mr. Kennedy  ...


CEO Compensation Analysis

Compensation vs. Market: Doug's total compensation ($USD2.35M) is about average for companies of similar size in the US market ($USD1.81M).

Compensation vs Earnings: Doug's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.1yrs

Average Tenure

60yo

Average Age

Experienced Management: PGC's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

64yo

Average Age

Experienced Board: PGC's board of directors are considered experienced (7 years average tenure).


Insider Trading

Insider Buying: PGC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$42,93623 Sep 19
Eric Waser
EntityIndividual
Role
Head of Investment Banking
Executive VP & Head of Investment Banking
Shares1,500
Max PriceUS$28.62
SellUS$44,32816 Sep 19
Eric Waser
EntityIndividual
Role
Head of Investment Banking
Executive VP & Head of Investment Banking
Shares1,500
Max PriceUS$29.55
BuyUS$13,67821 May 19
Richard DeBel
EntityIndividual
Shares500
Max PriceUS$27.36
BuyUS$27,15007 Nov 18
Eric Waser
EntityIndividual
Role
Head of Investment Banking
Executive VP & Head of Investment Banking
Shares1,000
Max PriceUS$27.15
BuyUS$27,95706 Nov 18
Douglas Kennedy
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$28.00
BuyUS$42,32206 Nov 18
Jeffrey Carfora
EntityIndividual
Role
Chief Financial Officer
Senior EVP & CFO
Shares1,500
Max PriceUS$28.21

Ownership Breakdown


Management Team

  • Jeff Carfora (60yo)

    Senior EVP & CFO

    • Tenure: 10.6yrs
    • Compensation: US$1.12m
  • Todd Poland (71yo)

    Executive VP

    • Tenure: 1.7yrs
  • Doug Kennedy (62yo)

    President

    • Tenure: 7yrs
    • Compensation: US$2.35m
  • Kevin Runyon

    Executive VP

    • Tenure: 1.6yrs
  • John Babcock (61yo)

    • Tenure: 5.6yrs
    • Compensation: US$1.70m
  • Rosanne Schwab

    Assistant VP of Public Relations & Corporate Communications Manager

    • Tenure: 0yrs
  • Bob Plante (59yo)

    Executive VP & COO

    • Tenure: 2.6yrs
    • Compensation: US$824.02k
  • Eric Waser (58yo)

    Executive VP & Head of Investment Banking

    • Tenure: 0.6yrs
    • Compensation: US$574.32k
  • Maureen Hemhauser

    Chief Risk Officer & Head of Compliance

    • Tenure: 4.7yrs
  • Francesco Rossi (43yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 3.1yrs

Board Members

  • Frank Kissel (68yo)

    Chairman Emeritus

    • Tenure: 0yrs
  • Philip Smith (63yo)

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: US$70.98k
  • Anthony Consi (73yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$168.97k
  • Duff Meyercord (72yo)

    Chairman of the Board

    • Tenure: 5.8yrs
    • Compensation: US$238.97k
  • Susan Cole (76yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: US$64.98k
  • Ed Gramigna (58yo)

    Independent Director

    • Tenure: 7yrs
    • Compensation: US$120.59k
  • Steve Kass (62yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$47.93k
  • Doug Kennedy (62yo)

    President

    • Tenure: 7yrs
    • Compensation: US$2.35m
  • Richard Daingerfield (65yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$143.98k
  • Beth Welsh (60yo)

    Independent Director

    • Tenure: 7yrs
    • Compensation: US$89.98k

Company Information

Peapack-Gladstone Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Peapack-Gladstone Financial Corporation
  • Ticker: PGC
  • Exchange: NasdaqGS
  • Founded: 1921
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$532.273m
  • Shares outstanding: 19.01m
  • Website: https://www.pgbank.com

Number of Employees


Location

  • Peapack-Gladstone Financial Corporation
  • 500 Hills Drive
  • Suite 300
  • Bedminster
  • New Jersey
  • 7921
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1998

Biography

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:44
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.