Peapack-Gladstone Financial Corp (NASDAQ: PGC) has recently experienced notable 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): negative upside/downside volume developed.
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
With future capital returns forecasted to be above the cost of capital, PGC is expected to continue to be a modest Value Builder.
Peapack-Gladstone Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Peapack-Gladstone Financial has a good Appreciation Score of 84 but a poor Power Rating of 23, leading to the Neutral Value Trend Rating.
Recent Price Action
Peapack-Gladstone Financial Corp (NASDAQ: PGC) stock declined modestly by -1.9% on 6/21/24. The stock closed at $21.17. Moreover, trading volume in this decline was unusually high at 199% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.4% during the last week.
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