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BEDMINSTER, NJ—On March 31, 2025, F. Duffield Meyercord, a director at Peapack Gladstone Financial Corp (NASDAQ:PGC), made a significant purchase of the company’s common stock. Meyercord acquired 6,316 shares at a price of $28.437 per share, amounting to a total transaction value of approximately $179,608. The purchase comes as InvestingPro analysis suggests the $506 million market cap bank is currently trading below its Fair Value.
Following this acquisition, Meyercord’s direct ownership in Peapack Gladstone Financial Corp increased to 140,371 shares. The purchase reflects a continued commitment to the company’s growth and strategic direction, with InvestingPro data showing the company has maintained dividend payments for 28 consecutive years.
In addition to the common stock purchase, Meyercord holds 6,243 restricted stock units. Each unit represents a contingent right to receive one share of Peapack Gladstone Financial Corp’s common stock, which will vest and settle in stock on the first anniversary of the grant date.
Peapack Gladstone Financial Corp, headquartered in Bedminster, New Jersey, operates as a commercial bank, providing financial services to its clients. The recent stock acquisition by Meyercord demonstrates a vote of confidence in the company’s future prospects.
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