Peapack-Gladstone Financial Corporation announces a $0.05 quarterly cash dividend, payable on November 27, 2026.
Quiver AI Summary
Peapack-Gladstone Financial Corporation announced a quarterly cash dividend of $0.05 per share, to be paid on November 27, 2026, for shareholders of record by November 12, 2026. As of September 30, 2026, the company, based in New Jersey, has total assets of $8.5 billion and manages or administers assets worth $13.6 billion. Founded in 1921, Peapack Private Bank & Trust specializes in personalized banking and wealth management services for high-net-worth clients, emphasizing a relationship-first approach. Their Wealth Management division offers various financial services aimed at helping clients preserve and grow their wealth over generations.
Potential Positives
- Announcement of a regular quarterly cash dividend of $0.05 per share reflects the company's commitment to returning value to shareholders.
- The dividend payment being scheduled for November 27, 2026, indicates financial stability and confidence in ongoing profitability.
- The company's asset management figures of $13.6 billion showcase its significant scale and capability in the financial services market.
- The personalized banking and wealth management services highlight the company's unique market position and focus on client relationships, potentially attracting new clients.
Potential Negatives
- The declared dividend of $0.05 per share may be perceived as relatively low, potentially signaling limited growth or profits to investors.
- The timing of the dividend payment may raise concerns about the company's cash flow and overall financial health, as it requires sufficient liquidity to maintain regular payouts.
- As a bank holding company, any indication of lower than anticipated returns or asset management performance could impact investor confidence, especially given the firm's focus on wealth management and private banking.
FAQ
What was announced by Peapack-Gladstone Financial Corporation on October 29, 2026?
Peapack-Gladstone Financial Corporation declared a quarterly cash dividend of $0.05 per share on its common stock.
When will the dividend be paid to shareholders?
The dividend will be paid on November 27, 2026, to shareholders of record as of November 12, 2026.
What are the total assets of Peapack-Gladstone Financial Corporation?
As of September 30, 2026, the total assets of Peapack-Gladstone Financial Corporation are $8.5 billion.
What services does Peapack Private Bank & Trust offer?
Peapack Private Bank & Trust offers personalized banking, lending, wealth management, investment banking, and trust solutions.
How does Peapack Private Bank & Trust support its clients?
The bank provides a dedicated relationship manager who offers thoughtful guidance and seamless coordination of services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PGC Insider Trading Activity
$PGC insiders have traded $PGC stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $PGC stock by insiders over the last 6 months:
- JOHN P BABCOCK (SEVP & Pres of Priv Wealth Mgt) sold 5,000 shares for an estimated $235,532
- FRANCESCO S ROSSI (SVP/Chief Accounting Officer) has made 0 purchases and 2 sales selling 2,484 shares for an estimated $113,060.
- MAUREEN HEMHAUSER (EVP & Chief Risk Officer) sold 2,297 shares for an estimated $104,109
- ANTHONY W. SPINELLI sold 2,000 shares for an estimated $89,260
- GREGORY MARTIN SMITH (SEVP, President Comml Banking) sold 1,250 shares for an estimated $55,824
- LISA CHALKAN (EVP, Chief Credit Officer) sold 1,100 shares for an estimated $52,360
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PGC Revenue
$PGC had revenues of $87.5M in Q3 2026. This is an increase of 23.76% from the same period in the prior year.
You can track PGC financials on Quiver Quantitative's PGC stock page.
You can access data on PGC stock through the Quiver Quantitative API.
$PGC Hedge Fund Activity
We have seen 85 institutional investors add shares of $PGC stock to their portfolio, and 58 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BASSWOOD CAPITAL MANAGEMENT, L.L.C. added 291,105 shares (+inf%) to their portfolio in Q2 2026, for an estimated $13,777,999
- JPMORGAN CHASE & CO added 254,146 shares (+inf%) to their portfolio in Q2 2026, for an estimated $12,028,730
- ADAGE CAPITAL PARTNERS GP, L.L.C. added 220,120 shares (+563.0%) to their portfolio in Q2 2026, for an estimated $10,418,279
- PEAPACK GLADSTONE FINANCIAL CORP removed 146,167 shares (-29.6%) from their portfolio in Q2 2026, for an estimated $6,918,084
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 132,779 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,284,430
- ACADIAN ASSET MANAGEMENT LLC added 129,397 shares (+74.8%) to their portfolio in Q2 2026, for an estimated $6,124,360
- BLACKROCK, INC. added 125,923 shares (+8.6%) to their portfolio in Q2 2026, for an estimated $5,959,935
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$PGC Price Targets
Multiple analysts have issued price targets for $PGC recently. We have seen 2 analysts offer price targets for $PGC in the last 6 months, with a median target of $54.5.
Here are some recent targets:
- Steve Moss from Raymond James set a target price of $55.0 on 07/01/2026
- Manuel Navas from Piper Sandler set a target price of $54.0 on 06/26/2026
Full Release
BEDMINSTER, N.J., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announced on October 29, 2026 that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on November 27, 2026 to shareholders of record as of November 12, 2026.
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $8.5 billion and assets under management and/or administration of $13.6 billion as of September 30, 2026. Founded in 1921, Peapack Private Bank & Trust is a boutique private bank serving successful individuals, families, business owners, family offices, and their trusted advisors through personalized relationships and bespoke banking, lending, wealth management, investment banking and trust solutions. Distinguished by a relationship-first approach, every client is supported by a dedicated relationship manager who provides thoughtful guidance, seamless coordination, and access to the Bank’s full breadth of expertise. The Bank’s Wealth Management division delivers sophisticated investment management, fiduciary, tax, estate, and financial planning strategies designed to help clients preserve, grow, and transfer wealth across generations. Defined by discretion, exceptional service, and enduring relationships, Peapack Private is committed to helping clients achieve their financial goals while protecting the legacy they have built. For more information, visit www.peapackprivate.com .
Contact:
Frank A. Cavallaro, SEVP AND CFO
Peapack-Gladstone Financial Corporation
T: 908-306-8933
