Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Peapack-Gladstone Financial Corp before investing.

In this article, we go over a few key elements for understanding Peapack-Gladstone Financial Corp’s stock price such as:

• Peapack-Gladstone Financial Corp’s current stock price and volume
• Why Peapack-Gladstone Financial Corp’s stock price changed recently
• Upgrades and downgrades for PGC from analysts
• PGC’s stock price momentum as measured by its relative strength

About Peapack-Gladstone Financial Corp (PGC)

Before we jump into Peapack-Gladstone Financial Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state-chartered commercial bank. Its segments include Banking and Peapack Private. The Banking segment includes commercial (includes corporate and industrial (C&I;) and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I; advisory services; escrow management; deposit generation; operation of ATMs; telephone and Internet banking services; merchant credit card services, and customer support sales. Its Peapack Private segment includes investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian, and other financial planning and advisory services. This segment also includes the activity of the Delaware subsidiary, PGB Trust and Investments of Delaware.

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Peapack-Gladstone Financial Corp’s Stock Price as of Market Close

As of September 18, 2024, 4:00 PM, CST, Peapack-Gladstone Financial Corp’s stock price was $28.53.

Peapack-Gladstone Financial Corp is up 5.08% from its previous closing price of $27.15.

During the last market session, Peapack-Gladstone Financial Corp’s stock traded between $26.79 and $27.73. Currently, there are 17.75 million shares of Peapack-Gladstone Financial Corp stock available for purchase.

Peapack-Gladstone Financial Corp’s price-earnings (P/E) ratio is currently at 14.5, which is high compared to the Banks industry median of 12.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Peapack-Gladstone Financial Corp Stock Price History

Peapack-Gladstone Financial Corp’s (PGC) price is currently down 0.11% so far this month.

During the month of September, Peapack-Gladstone Financial Corp’s stock price has reached a high of $29.77 and a low of $25.55.

Over the last year, Peapack-Gladstone Financial Corp has hit prices as high as $30.68 and as low as $20.30. Year to date, Peapack-Gladstone Financial Corp’s stock is down 23.35%.

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What Caused Peapack-Gladstone Financial Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 17, 2024, there were 2 analysts who downgraded Peapack-Gladstone Financial Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Peapack-Gladstone Financial Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Peapack-Gladstone Financial Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Peapack-Gladstone Financial Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Peapack-Gladstone Financial Corp (PGC) by visiting AAII Stock Evaluator.

Relative Price Strength of Peapack-Gladstone Financial Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 17, 2024, Peapack-Gladstone Financial Corp has a weighted four-quarter relative price strength of 2.02%, which translates to a Momentum Score of 67 and is considered to be Strong.

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Peapack-Gladstone Financial Corp Stock Price: Bottom Line

As of September 18, 2024, Peapack-Gladstone Financial Corp’s stock price is $28.53, which is up 5.08% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Peapack-Gladstone Financial Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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