Peapack-Gladstone Financial
Market Cap
US$532.3m
Last Updated
2019/10/22 23:44 UTC
Data Sources
Company Financials +
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
| PGC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 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 Year | 31.2%28.6% | 54.8%44.1% | 46.3%36.8% |
| 5 Year | 56.0%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
2 weeks ago | Simply Wall St
Can You Imagine How Peapack-Gladstone Financial's (NASDAQ:PGC) Shareholders Feel About The 52% Share Price Increase?1 month ago | Simply Wall St
Is Peapack-Gladstone Financial Corporation's (NASDAQ:PGC) CEO Salary Justified?1 month ago | Simply Wall St
Is Peapack-Gladstone Financial Corporation's (NASDAQ:PGC) P/E Ratio Really That Good?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
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
| Entity | Individual |
| Role | Head of Investment Banking Executive VP & Head of Investment Banking |
| Shares | 1,500 |
| Max Price | US$28.62 |
| Entity | Individual |
| Role | Head of Investment Banking Executive VP & Head of Investment Banking |
| Shares | 1,500 |
| Max Price | US$29.55 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$27.36 |
| Entity | Individual |
| Role | Head of Investment Banking Executive VP & Head of Investment Banking |
| Shares | 1,000 |
| Max Price | US$27.15 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,000 |
| Max Price | US$28.00 |
| Entity | Individual |
| Role | Chief Financial Officer Senior EVP & CFO |
| Shares | 1,500 |
| Max Price | US$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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PGC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:44 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.