Peapack-Gladstone Financial (NASDAQ:PGC) Director Sells $89,260.00 in Stock

Posted by George Bondi on Jun 12th, 2026

Peapack-Gladstone Financial Corporation (NASDAQ:PGC – Get Free Report) Director Anthony Spinelli sold 2,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.63, for a total transaction of $89,260.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peapack-Gladstone Financial Stock Performance

Shares of NASDAQ PGC opened at $46.11 on Friday. The firm has a market cap of $817.07 million, a PE ratio of 18.59 and a beta of 0.72. The firm has a fifty day moving average of $41.30 and a 200 day moving average of $34.74. Peapack-Gladstone Financial Corporation has a one year low of $24.42 and a one year high of $46.36.

Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.14. Peapack-Gladstone Financial had a net margin of 9.60% and a return on equity of 6.75%. The company had revenue of $82.49 million for the quarter, compared to analysts’ expectations of $79.17 million. On average, equities analysts predict that Peapack-Gladstone Financial Corporation will post 3.69 EPS for the current fiscal year.

Peapack-Gladstone Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 7th. Peapack-Gladstone Financial’s payout ratio is 8.06%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PGC. Weiss Ratings raised shares of Peapack-Gladstone Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Piper Sandler lifted their target price on shares of Peapack-Gladstone Financial from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Get Our Latest Report on PGC

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Peapack-Gladstone Financial by 73.2% during the 1st quarter. Royal Bank of Canada now owns 1,252 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 529 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Peapack-Gladstone Financial by 171.9% during the 1st quarter. Parallel Advisors LLC now owns 1,841 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,164 shares during the last quarter. OP Asset Management Ltd acquired a new position in shares of Peapack-Gladstone Financial during the 1st quarter valued at about $116,000. State of Alaska Department of Revenue boosted its position in shares of Peapack-Gladstone Financial by 431.5% during the 4th quarter. State of Alaska Department of Revenue now owns 3,768 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 3,059 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its position in shares of Peapack-Gladstone Financial by 23.1% during the 3rd quarter. Aquatic Capital Management LLC now owns 5,240 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 985 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.

Peapack-Gladstone Financial Company Profile

(Get Free Report)

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.