Peapack-Gladstone Financial Corporation (Nasdaq:PGC) is a bank holding company for Peapack-Gladstone Bank, providing private and commercial banking services as well as wealth management services in New Jersey. Its business centers on delivering high-quality financial services, building strong relationships, and providing innovative solutions to meet the evolving needs of its customers. Peapack-Gladstone Financial Corporation’s advantage lies in its experienced management team, strong customer relationships, and focus on customized financial solutions. With 16 banking and 5 wealth management offices in New Jersey, it has USD 6.4 billion in total assets.
Comps: Amalgamated Financial Corp. (Nasdaq:AMAL), CrossFirst Bankshares, Inc. (Nasdaq:CFB)
When comparing Peapack-Gladstone Financial Corporation to its counterparts, it stands out with its impressive earnings per share and low price-to-earnings ratio of 3.85 and 8.77, respectively. In addition, its profit margin, return-on-equity, revenue, net income, and yield are all superior to those of CrossFirst Bankshares. Overall, Peapack-Gladstone Financial Corporation’s strong earnings and sizable asset pool make it an attractive option for investors seeking a solid anchor.