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Peapack-Gladstone Financial

Market Cap

US$582.7m

Last Updated

2021/05/06 00:44 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. More Details


Snowflake Analysis

Flawless balance sheet and fair 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

Stable Share Price: PGC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PGC's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.3%

PGC

2.8%

US Banks

-1.6%

US Market


1 Year Return

100.7%

PGC

83.3%

US Banks

52.8%

US Market

Return vs Industry: PGC exceeded the US Banks industry which returned 78% over the past year.

Return vs Market: PGC exceeded the US Market which returned 52.4% over the past year.


Shareholder returns

PGCIndustryMarket
7 Day3.3%2.8%-1.6%
30 Day2.2%5.0%1.3%
90 Day26.5%21.2%3.5%
1 Year102.8%100.7%89.2%83.3%55.4%52.8%
3 Year0.4%-1.9%27.4%16.6%63.5%53.2%
5 Year83.1%76.6%112.3%85.6%125.8%100.7%

Long-Term 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?

28.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGC ($32.31) is trading below our estimate of fair value ($45.47)

Significantly Below Fair Value: PGC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PGC is poor value based on its PE Ratio (16.1x) compared to the US Banks industry average (12.1x).

PE vs Market: PGC is good value based on its PE Ratio (16.1x) compared to the US market (20.6x).


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's PB Ratio (1.1x) is in line with the US Banks industry average.


Future Growth

How is Peapack-Gladstone Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGC's forecast earnings growth (9.8% per year) is above the savings rate (2%).

Earnings vs Market: PGC's earnings (9.8% per year) are forecast to grow slower than the US market (16% per year).

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

Revenue vs Market: PGC's revenue (4.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: PGC's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PGC's Return on Equity is forecast to be high in 3 years time


Past Performance

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

8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGC has high quality earnings.

Growing Profit Margin: PGC's current net profit margins (21.1%) are lower than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: PGC's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: PGC's earnings growth over the past year (1.6%) is below its 5-year average (8.6% per year).

Earnings vs Industry: PGC earnings growth over the past year (1.6%) underperformed the Banks industry 17.1%.


Return on Equity

High ROE: PGC's Return on Equity (7.3%) is considered low.


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


Financial Institutions Analysis

Asset Level: PGC's Assets to Equity ratio (11.4x) is moderate.

Allowance for Bad Loans: PGC has a sufficient allowance for bad loans (574%).

Low Risk Liabilities: 91% of PGC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PGC has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: PGC's Loans to Deposits ratio (88%) is appropriate.

Level of Bad Loans: PGC has an appropriate level of bad loans (0.3%).


Dividend

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

0.62%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 06 2021Ex Dividend DateMay 10 2021Dividend Pay DateMay 25 202115 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PGC's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: PGC's dividend (0.62%) is low compared to the top 25% of dividend payers in the US market (3.42%).


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Doug Kennedy (63 yo)

8.58yrs

Tenure

US$2,214,020

Compensation

Mr. Douglas L. Kennedy, also known as Doug, serves as Director at Federal Reserve Bank of New York since December 2019. He has been the Chief Executive Officer and President of Peapack-Gladstone Financial ...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD2.21M) is above average for companies of similar size in the US market ($USD1.66M).

Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PGC's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: PGC's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$582.747m
  • Shares outstanding: 18.04m
  • 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


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 Analysis2021/05/06 00:44
End of Day Share Price2021/05/05 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.