Peapack Gladstone Financial
PGC on Nasdaq. Commercial banks, nec. Market value $786m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 9 cents. Above 10 is good.
What you pay for each dollar of net assets: $1.09.
Profit per $100 you pay: $6.63.
Quality score: 74 of 100. Price score: 89 of 100. Our list needs 70 on quality and 60 on price.
$44.18 a share, 79% above its 1-year low
Over the past year the price has ranged from $24.71 to $49.14.
Dividend: 0.4% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $210m | $242m | $230m | $228m | $283m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsSlow, 8.4% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $86 million last quarter, up 23% on a year ago.
- Profit: $16 million, up 101% on a year ago.
- Spare cash over the past 12 months: $102 million, up from $44 million.
- 5% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $57m |
| December 2024 | $62m |
| March 2025 | $64m |
| June 2025 | $70m |
| September 2025 | $71m |
| December 2025 | $78m |
| March 2026 | $82m |
| June 2026 | $86m |
| Quarter to | Amount |
|---|---|
| September 2024 | $8m |
| December 2024 | $9m |
| March 2025 | $8m |
| June 2025 | $8m |
| September 2025 | $10m |
| December 2025 | $12m |
| March 2026 | $14m |
| June 2026 | $16m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 11 March 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
4 long-term investors we follow own it, unchanged from 4 last quarter. 173 funds in all.
- First Manhattan Co.First Manhattan partners
- Value
- $946,600
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $22m | <0.1% | Cut |
| Hotchkis & WileyHotchkis & Wiley team | $8m | <0.1% | Cut |
| GAMCO InvestorsMario Gabelli | $2m | <0.1% | Cut |
| First Manhattan Co.First Manhattan partners | $946,600 | <0.1% |
Largest holders overall
- BlackRock$76mAdded
- Dimensional Fund Advisors LP$49m
- Vanguard Capital Management$33mAdded
- Wellington Management Group LLP$32mAdded
- Philadelphia Trust$29mCut
- State Street$27mAdded
- Boston Partners$22mCut
- Geode Capital Management$22mAdded
- American Century Companies$22mAdded
- Brown Advisory$21m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor6.6%−1.1 ptsSince 31 March 2026
- Wellington Management Company LLPPassive investor6.3%Since 30 September 2025
- Dimensional Fund Advisors LPPassive investor6.1%Since 30 June 2025
- Wellington Management Group LLPPassive investorat least 3.8%−2.7 pts(filed with 2 related holders)Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 6.6%−1.1 pts | 31 March 2026 | |
Wellington Management Company LLP Passive investor | 6.3% | 30 September 2025 | |
Dimensional Fund Advisors LP Passive investor | 6.1% | 30 June 2025 | |
Wellington Management Group LLP Passive investor | at least 3.8%−2.7 pts (filed with 2 related holders) | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $548,725 of shares on the open market. 6 sold $837,808.
- Hemhauser MaureenEVP & Chief Risk OfficerSold
- Date
- 21 September 2026
- Shares
- 2,297
- Price
- $45.32
- Value
- $104,109
- Smith Gregory MartinSEVP, President Comml BankingSold
- Date
- 2 September 2026
- Shares
- 1,250
- Price
- $44.66
- Value
- $55,825
- BABCOCK JOHN PSEVP & Pres of Priv Wealth MgtSold
- Date
- 29 June 2026
- Shares
- 5,000
- Price
- $47.11
- Value
- $235,550
- Chalkan LisaEVP, Chief Credit OfficerSold
- Date
- 29 June 2026
- Shares
- 1,100
- Price
- $47.60
- Value
- $52,360
- ROSSI FRANCESCO SSVP/Chief Accounting OfficerSold
- Date
- 11 June 2026
- Shares
- 2,484
- Price
- $45.52
- Value
- $113,074
- Spinelli Anthony W.DirectorSold
- Date
- 8 June 2026
- Shares
- 2,000
- Price
- $44.63
- Value
- $89,260
- Cavallaro Frank A.SEVP & Chief Financial OfficerBought
- Date
- 31 March 2026
- Shares
- 2,890
- Price
- $34.95
- Value
- $101,000
- KENNEDY DOUGLAS LPresident & CEOBought
- Date
- 30 March 2026
- Shares
- 11,296
- Price
- $35.21
- Value
- $397,732
- Campion PatrickDirectorBought
- Date
- 30 March 2026
- Shares
- 1,430
- Price
- $34.97
- Value
- $49,993
- Hemhauser MaureenEVP & Chief Risk OfficerSold
- Date
- 9 February 2026
- Shares
- 5,272
- Price
- $35.59
- Value
- $187,630
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 21 September 2026 | Hemhauser Maureen EVP & Chief Risk Officer | Sold | 2,297 | $45.32 | $104,109 |
| 2 September 2026 | Smith Gregory Martin SEVP, President Comml Banking | Sold | 1,250 | $44.66 | $55,825 |
| 29 June 2026 | BABCOCK JOHN P SEVP & Pres of Priv Wealth Mgt | Sold | 5,000 | $47.11 | $235,550 |
| 29 June 2026 | Chalkan Lisa EVP, Chief Credit Officer | Sold | 1,100 | $47.60 | $52,360 |
| 11 June 2026 | ROSSI FRANCESCO S SVP/Chief Accounting Officer | Sold | 2,484 | $45.52 | $113,074 |
| 8 June 2026 | Spinelli Anthony W. Director | Sold | 2,000 | $44.63 | $89,260 |
| 31 March 2026 | Cavallaro Frank A. SEVP & Chief Financial Officer | Bought | 2,890 | $34.95 | $101,000 |
| 30 March 2026 | KENNEDY DOUGLAS L President & CEO | Bought | 11,296 | $35.21 | $397,732 |
| 30 March 2026 | Campion Patrick Director | Bought | 1,430 | $34.97 | $49,993 |
| 9 February 2026 | Hemhauser Maureen EVP & Chief Risk Officer | Sold | 5,272 | $35.59 | $187,630 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Mar 2026, plus the 10-Q filed 7 Aug 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.