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1. Company Snapshot

1.a. Company Description

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States.The company operates in two segments, Banking and Peapack Private.It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.


The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans.In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; asset and investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services.Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services.


Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates.The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines at 20 locations.Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

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1.b. Last Insights on PGC

Peapack-Gladstone Financial Corporation's recent performance was negatively impacted by a Q1 earnings miss, with the company reporting $0.43 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.48 per share a year ago, indicating a decline in profitability. The earnings miss, coupled with a lack of earnings growth expectations, suggests that the company's financial performance may be facing challenges.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Peapack-Gladstone (PGC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Nov -08

Source: zacks.com

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Peapack-Gladstone (PGC) Q3 Earnings and Revenues Lag Estimates

Nov -07

Source: zacks.com

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Peapack-Gladstone Financial (PGC) Expected to Announce Quarterly Earnings on Tuesday

Oct -26

Source: defenseworld.net

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Peapack-Gladstone (PGC) Reports Q2 Earnings: What Key Metrics Have to Say

Jul -22

Source: zacks.com

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Peapack-Gladstone (PGC) Misses Q2 Earnings Estimates

Jul -21

Source: zacks.com

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Peapack-Gladstone Financial Corporation(NasdaqGS:PGC) added to Russell Small Cap Comp Growth Index

Jun -30

Source: https://www.marketscreener.com

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Peapack-Gladstone Financial Co. (NASDAQ:PGC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Jun -11

Source: https://www.defenseworld.net

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Here's What Key Metrics Tell Us About Peapack-Gladstone (PGC) Q1 Earnings

Apr -23

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.27%)

6. Segments

Banking

Expected Growth: 10.0%

Peapack-Gladstone Financial Corporation's 10.0% growth is driven by strategic expansion into high-growth markets, increased commercial lending, and a strong deposit base. Additionally, the bank's focus on digital transformation, cost savings initiatives, and a favorable interest rate environment have contributed to its growth momentum.

Wealth Management

Expected Growth: 11.0%

Peapack-Gladstone Financial Corporation's 11.0% growth in Wealth Management is driven by strategic acquisitions, expanded product offerings, and a strong advisory team. Additionally, the company's focus on high-net-worth individuals and families, as well as its presence in affluent markets, contributes to its growth. Furthermore, the company's investment in digital platforms and technology enhances the client experience, leading to increased assets under management and revenue growth.

7. Detailed Products

Private Banking

Personalized financial services and wealth management solutions for high net worth individuals and families

Wealth Management

Comprehensive investment management and financial planning services for individuals, families, and institutions

Commercial Banking

Financial solutions for businesses, including cash management, lending, and treasury management services

Retail Banking

Personal banking services, including deposit accounts, loans, and credit cards, for individuals and families

Mortgage Banking

Residential and commercial mortgage lending services for individuals and businesses

Treasury Management

Cash management and treasury services for businesses, including account management and payment processing

8. Peapack-Gladstone Financial Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Peapack-Gladstone Financial Corporation is medium due to the presence of alternative financial institutions and online banking platforms.

Bargaining Power Of Customers

The bargaining power of customers for Peapack-Gladstone Financial Corporation is low due to the lack of concentration of customers and the presence of multiple banking options.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Peapack-Gladstone Financial Corporation is medium due to the presence of multiple suppliers and the moderate level of dependence on them.

Threat Of New Entrants

The threat of new entrants for Peapack-Gladstone Financial Corporation is low due to the high barriers to entry in the banking industry and the presence of regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry for Peapack-Gladstone Financial Corporation is high due to the presence of multiple competitors in the banking industry and the high level of competition for customers.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 48.13%
Debt Cost 6.23%
Equity Weight 51.87%
Equity Cost 8.88%
WACC 7.61%
Leverage 92.80%

11. Quality Control: Peapack-Gladstone Financial Corporation passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Peapack-Gladstone

A-Score: 4.9/10

Value: 7.0

Growth: 5.2

Quality: 5.9

Yield: 1.0

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A-Score: 3.1/10

Value: 5.2

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

27.96$

Current Price

27.96$

Potential

-0.00%

Expected Cash-Flows