Raymond James Reiterates Buy Rating for Peapack-Gladstone Financial
Raymond James maintains a buy rating with a $55 target on Peapack-Gladstone Financial, a 16.21% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on Peapack-Gladstone Financial Corporation, setting a price target of $55.
- Raymond James's $55 price target implies 16.21% upside from Peapack-Gladstone Financial Corporation's ($PGC) current $47.33 share price.
- Shares of Peapack-Gladstone Financial traded at $47.33 on Wednesday, with a market cap of about $838.6 million.
- Recent insider activity includes sales by senior executives, while analysts maintain a strong buy consensus.
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Raymond James has reiterated its buy rating on Peapack-Gladstone Financial Corporation (NasdaqGS:PGC), setting a target price of $55. This reaffirmation came on July 1, 2026, with analyst Steve Moss expressing continued confidence in the stock.
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Peapack-Gladstone Financial Corporation Stock Up 4.9%
Shares of NasdaqGS:PGC traded near $47.33 on Wednesday. Peapack-Gladstone Financial has a market cap of about $838.6 million and a P/E ratio of 19.16, with a forward P/E of 9.74. The stock's 52-week range is between $24.42 and $48.31. It has a beta of 0.729, indicating lower volatility compared to the overall market. The company's 50-day moving average is $43.16, while the 200-day moving average stands at $33.52.
$PGC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Peapack-Gladstone reported revenue of $273.9 million, reflecting a growth rate of 25.5%. The company achieved an EPS of $2.47, with a net margin of 16.0% and return on equity of 6.6%. The next earnings announcement is scheduled for July 27, 2026.
Dividend
The company offers a dividend rate of $0.20 per share, yielding 0.42%. The payout ratio is a conservative 8.1%, suggesting a sustainable dividend policy.
Insider Buying and Selling at Peapack-Gladstone Financial Corporation
Recent insider transactions include sales by John Babcock, SEVP & President of Private Wealth Management, who sold 5,000 shares at $47.11 on June 29, 2026. Lisa Chalkan, EVP and Chief Credit Officer, sold 1,100 shares at $47.60 on the same day. Earlier in June, Francesco Rossi, SVP/Chief Accounting Officer, sold 2,484 shares at $45.52.
Analysts Set New Price Targets
On July 1, 2026, Raymond James maintained its buy rating on Peapack-Gladstone Financial with a price target of $55. Piper Sandler also maintained a buy rating with a $54 target on June 26, 2026. The consensus among analysts is a strong buy, with a mean target price of $49.44, based on four analyst opinions.
About Peapack-Gladstone Financial Corporation
Peapack-Gladstone Financial Corporation, headquartered in Bedminster, New Jersey, operates as the bank holding company for Peapack Private Bank & Trust. It provides private banking and wealth management services across the U.S. The company operates through two segments: Banking and Wealth Management. It offers various deposit and loan products, including checking and savings accounts, commercial and residential mortgages, and asset-based financing. The company serves a diverse clientele including businesses, non-profits, and individuals.
Bottom Line
Raymond James's reiteration of a buy rating with a $55 target reflects confidence in Peapack-Gladstone Financial's performance. Investors often track such analyst ratings for insights into a stock's potential. It's important to remember that these ratings are based on past data and may not represent future performance.
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