Peapack Gladstone financial director Edward Gramigna Jr. buys $85,279 in stock

Published 01/04/2025, 16:54
Peapack Gladstone financial director Edward Gramigna Jr. buys $85,279 in stock

Edward Gramigna Jr., a director at Peapack Gladstone Financial Corp. (NASDAQ:PGC), recently purchased 3,000 shares of the company’s common stock. The transaction, which took place on March 31, 2025, was executed at an average price of $28.4265 per share, amounting to a total investment of $85,279. The purchase comes as InvestingPro analysis shows the $501M market cap company trading below its Fair Value, with analyst price targets ranging from $33 to $42. Following this acquisition, Gramigna holds 17,836 shares indirectly through a rabbi trust, as part of a non-qualified deferred compensation plan. The company has maintained dividend payments for 28 consecutive years and remains profitable, with its next earnings report scheduled for April 29, 2025. Get more insights and exclusive analysis of insider transactions with InvestingPro, which offers additional ProTips and detailed financial metrics.

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