Peapack-Gladstone Financial Cor – Consensus Indicates 12.0% Upside Potential

Peapack-Gladstone Financial Corporation with ticker code (PGC) now have 4 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 43.75 and 37 calculating the average target price we see 39.44. Together with the stock’s previous close at 35.22, this indicates that there is upside potential of 12.0%. The 50-day moving average now sits at 36.85 and the 200-day MA is at 34.27. The market cap of the company is $648 million. More information at: https://www.pgbank.com

The potential market capitalization would be $725 million based on market consensus.

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Peapack-Gladstone Financial Corporation operates as a bank holding company for Peapack-Gladstone Bank which 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, fixed asset acquisition term loans, commercial mortgages, multi-family mortgages and other forms of asset-based financing services; and residential mortgages, home equity lines of credit and other second mortgages. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential and consumer lending; cash management services; C&I advisory services; escrow management; deposit generation; asset and investment management services; personal trust services, including executor, trustee, administrator, custodian and guardian services; and other financial planning, tax preparation and advisory services. Additionally, the company operates ATMs at 19 locations; and provides telephone and Internet banking, merchant credit cards and customer support sales services. Its private banking clients include businesses, nonprofits and consumers; and wealth management clients include 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. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

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