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Lisa Chalkan, EVP and Chief Credit Officer at Peapack Gladstone Financial Corp (NASDAQ:PGC), a $516 million market cap financial institution, sold 2,500 shares of common stock on September 18, 2025. The shares were sold at $29.652, for a total transaction value of $74,130. According to InvestingPro analysis, PGC currently trades below its Fair Value, with analysts setting price targets between $30 and $39.
Following the transaction, Chalkan directly owns 23,602 shares of Peapack Gladstone Financial Corp. She also indirectly owns 497.96 shares through a 401(k). The company has maintained dividend payments for 28 consecutive years, demonstrating strong financial stability. InvestingPro subscribers can access additional insights about PGC’s financial health and growth prospects.
In addition, Chalkan holds derivative securities including 4,899 shares of Restricted Stock, 4,680 Restricted Stock Units, 4,233 Restricted Stock Units, 4,225 Phantom Stock, 326 Phantom Stock and 2,112 Phantom Stock. The stock currently trades at 0.82 times book value, suggesting potential value opportunity for investors.
In other recent news, Peapack-Gladstone Financial’s second-quarter earnings results have been a focal point for analysts and investors. The company reported earnings that fell short of expectations, primarily due to increased expenses from its expansion in the New York City metropolitan market and higher provision expenses. This earnings miss has prompted Keefe, Bruyette & Woods to lower their price target for Peapack-Gladstone Financial from $38.00 to $35.00, while maintaining an Outperform rating. Despite these challenges, Raymond James reiterated its Strong Buy rating on the stock, with a price target of $39.00. Raymond James highlighted issues such as credit deterioration and weaker net interest income due to lower deposit balances as contributing factors to the company’s performance. These recent developments have drawn attention to the company’s financial health and strategic decisions. Investors are closely monitoring how Peapack-Gladstone Financial navigates these financial challenges and market expansions.
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