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Peapack gladstone Financial Corporation  (PGC)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 
Price: $20.8800 $-0.29 -1.370%
Day's High: $21.46 Week Perf: -3.11 %
Day's Low: $ 20.87 30 Day Perf: -12.08 %
Volume (M): 92 52 Wk High: $ 31.49
Volume (M$): $ 1,919 52 Wk Avg: $25.58
Open: $21.19 52 Wk Low: $20.30



 Market Capitalization (Millions $) 376
 Shares Outstanding (Millions) 18
 Employees 316
 Revenues (TTM) (Millions $) 229
 Net Income (TTM) (Millions $) 61
 Cash Flow (TTM) (Millions $) 80
 Capital Exp. (TTM) (Millions $) 3

Peapack Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the “Holding Company Act”). The Company was organized under the laws of New Jersey in August 1997 by the Board of Directors of Peapack-Gladstone Bank (the “Bank”), its principal subsidiary, to become a holding company for the Bank. The Bank is a state chartered commercial bank founded in 1921 under the laws of the State of New Jersey. The Bank is a member of the Federal Reserve System. The Bank provides innovative private banking services to businesses, non-profits and consumers through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey, its wealth management division and its branch network in Somerset, Morris, Hunterdon, Middlesex and Union counties.

Our wealth management clients include individuals, families, foundations, endowments, trusts and estates. Our commercial loan clients are business people, including business owners, professionals, retailers, contractors and real estate investors. Most forms of commercial lending are offered, including working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multifamily mortgages and other forms of asset-based financing.

In addition to commercial lending activities, we offer a wide range of consumer banking services, including: checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts held in certificates of deposit. We also offer residential and construction mortgages, home equity lines of credit and other second mortgage loans. Automated teller machines are available at 22 locations. Internet banking, including an online bill payment option and mobile phone banking, is available to clients.

The Bank’s Private Wealth Management Division, is one of the largest New Jersey-based trust and investment businesses with $3.32 billion of assets under administration as of December 31, 2015. It is headquartered in Bedminster, with additional private banking locations in Morristown, Princeton and Teaneck, NJ, as well as at the Bank’s subsidiary, PGB Trust & Investments of Delaware, in Greenville, DE. The Bank’s Private Wealth Management Division is known for its integrity, client service and broad range of fiduciary, investment management and tax services, designed specifically to meet the needs of high net-worth individuals, families, foundations and endowments.

We believe our wealth management business differentiates us from our competition and adds significant value. We intend to grow this business further both in and around our market areas through our Delaware Trust subsidiary; through our existing wealth, loan and depository client base; and through our innovative private banking service model, which utilizes private bankers working together to provide fully integrated client solutions. Throughout the wealth management division and all other business lines, we will continue to provide the unparalleled personalized, high-touch service our valued clients have come to expect.



   Company Address: 500 Hills Drive Bedminster 7921 NJ
   Company Phone Number: 234-0700   Stock Exchange / Ticker: NASDAQ PGC
   


Customers Net Income fell by PGC's Customers Net Profit Margin fell to

-6.33 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        1.29% 
C        2.13% 
DHI        0.55% 
JPM        2% 
LEN   -3.74%    
WFC        1.32% 
• View Complete Report
   



Peapack Gladstone Financial Corporation

PGC Faces Challenging Financial Quarter amid 2023 Earnings Season

Peapack Gladstone Financial Corporation shares have experienced a significant gain of 7.56% over the past five trading days, and an impressive increase of 39.77% over the last 12 months. Additionally, the company's shares currently trade 16.8% above its 52-week low, indicating positive market sentiment.
However, despite these positive stock market trends, the company recently disclosed disappointing financial results for the period from July to September 2023. The company experienced a decline in both its top and bottom-line figures compared to the previous year. Earnings per share (EPS) plummeted by -55.05%, while revenue decreased by -18.425% on a year-on-year basis. The revenue dropped to $50.01 million, compared to $61.31 million in the same period the previous year. Similarly, EPS decreased to $0.49, whereas it was $1.09 in the corresponding span of the previous year.

Peapack Gladstone Financial Corporation

Peapack Gladstone Financial Corporation Faces Decline in Profitability, Revenue, and Net Profit in Q2 2023

Peapack Gladstone Financial Corporation, a New Jersey-based bank holding company, recently released its financial results for the fiscal second quarter of 2023. The company experienced a decline in net profit and income compared to the previous year, as well as a depreciation in revenue.
In terms of net profit per share, the company saw a significant drop of -32.41% from $1.08 per share in the previous year to $0.73 per share in the current reporting period. Similarly, the income faded by -27.72% from $1.01 per share in the prior reporting period. These figures indicate a decline in profitability for Peapack Gladstone Financial Corporation.

Peapack Gladstone Financial Corporation

Peapack Gladstone Financial Corporation's Impressive Revenue Surge Surprises Investors, Bucking Industry Trend

The recent financial performance of Peapack Gladstone Financial Corporation has been a subject of cautious analysis for investors. While the company experienced a revenue increase of 16.48% in the first quarter of 2023, year on year to a cumulative value of $245 million, it is important to take a closer look at the specifics of this performance.
One notable factor is the growth in revenue per employee, which has reached $774,389 on a trailing twelve-month basis. While this is above the company average, it is important to note that employees of 121 other companies in the financial sector have achieved higher revenue per employee. Additionally, Peapack Gladstone Financial Corporation's overall ranking has deteriorated compared to the fourth quarter of 2022, dropping to 121.






 

Peapack Gladstone Financial's Segments
 
 
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