A number of firms have modified their ratings and price targets on shares of Peapack-Gladstone Financial (NASDAQ: PGC) recently:
- 8/3/2026 – Peapack-Gladstone Financial had its “outperform” rating reaffirmed by Keefe, Bruyette & Woods. They now have a $56.00 price target on the stock, up from $55.00.
- 7/29/2026 – Peapack-Gladstone Financial was downgraded by Zacks Research from “strong-buy” to “hold”.
- 7/29/2026 – Peapack-Gladstone Financial had its price target raised by Piper Sandler from $54.00 to $58.00. They now have an “overweight” rating on the stock.
- 7/26/2026 – Peapack-Gladstone Financial was downgraded by Wall Street Zen from “buy” to “hold”.
- 7/18/2026 – Peapack-Gladstone Financial was upgraded by Wall Street Zen from “hold” to “buy”.
- 7/1/2026 – Peapack-Gladstone Financial had its price target raised by Raymond James Financial, Inc. from $49.00 to $55.00. They now have a “strong-buy” rating on the stock.
- 6/26/2026 – Peapack-Gladstone Financial was upgraded by Zacks Research from “hold” to “strong-buy”.
- 6/26/2026 – Peapack-Gladstone Financial had its price target raised by Piper Sandler from $50.00 to $54.00. They now have an “overweight” rating on the stock.
Peapack-Gladstone Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.05 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Peapack-Gladstone Financial’s dividend payout ratio is presently 6.94%.
Insider Activity
In other news, EVP John P. Babcock sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $47.11, for a total transaction of $235,550.00. Following the sale, the executive vice president owned 45,582 shares of the company’s stock, valued at approximately $2,147,368.02. This trade represents a 9.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony W. Spinelli sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.63, for a total value of $89,260.00. Following the sale, the director owned 11,742 shares of the company’s stock, valued at approximately $524,045.46. The trade was a 14.55% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,100 shares of company stock worth $377,170. 5.75% of the stock is currently owned by insiders.
Peapack-Gladstone Financial Corporation is the parent company of Peapack-Gladstone Bank, a New Jersey-chartered commercial bank headquartered in Bedminster, New Jersey, that trades on the NASDAQ under the symbol PGC. Through Peapack-Gladstone Bank, the company offers a broad range of deposit and lending solutions, including checking and savings accounts, residential and commercial real estate loans, lines of credit and treasury management services. Clients benefit from both in-branch relationship banking and an expanding suite of digital banking tools designed to support personal and business financial needs.
Complementing its core banking operations, Peapack-Gladstone Financial provides wealth management, trust and financial planning services through its subsidiary, Peapack-Gladstone Wealth Management.
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