Peapack-Gladstone Financial Corp (NASDAQ: PGC) has recently experienced meaningful negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Peapack-Gladstone Financial Corp (NASDAQ: PGC): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
PGC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Peapack-Gladstone Financial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Peapack-Gladstone Financial has a good Appreciation Score of 85 but a slightly negative Power Rating of 39, with the High Neutral Value Trend Rating the result.
Recent Price Action
Peapack-Gladstone Financial Corp (NASDAQ: PGC) stock closed at $22.38 on 4/30/24 after a decline of -2.2%. However, trading volume in this decline was below average at 78% of normal. The stock has declined -8.7% during the last week and has been weak relative to the market over the last nine months.
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