Peapack-Gladstone Financial Corp (PGC) Stock AnalysisPGCPeapack-Gladstone Financial Corp

Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack Private Bank & Trust (the Bank), which is a state-chartered commercial bank. Its segments include the Banking and Wealth Management Division. The Banking segment includes commercial (includes corporate and industrial (C&I) and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; operation of ATMs; telephone and Internet banking services; merchant credit card services, and customer support sales. Its Wealth Management Division includes investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian, and other financial planning and advisory services. It also includes the activity of the Delaware subsidiary, PGB Trust and Investments of Delaware. It operates in the Financials sector (COMMERCIAL BANKS, NEC industry).

Peapack-Gladstone Financial Corp is currently trading at $43.37, which is below the average analyst price target of $55.5, suggesting potential upside. However, the RSI is at 32.33, indicating that the stock is oversold and may not be the best entry point right now. The recent 5-day change of -2.71% and 20-day change of -5.31% reflect a downward trend, which adds caution to the buying decision. The main risk is the recent earnings surprise of -2.3%, which could impact investor sentiment.

3 analysts cover PGC: 2 rate it Buy, 1 Hold and 0 Sell. The average price target is 33.50.