Peapack-gladstone Financial Intrinsic Stock Value – Russell Investments Group Ltd. Divests from Peapack-Gladstone Financial Co.

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PEAPACK-GLADSTONE ($NASDAQ:PGC): Peapack-Gladstone Financial Co. has recently had 2811 of its shares sold by Russell Investments Group Ltd., a global investment management organization. A publicly traded company (NASDAQ: PGC), Peapack-Gladstone Financial Co. offers a wide variety of banking and wealth management services to individuals, businesses, and non-profits throughout the Mid-Atlantic region. Peapack-Gladstone Financial Co. offers a full range of loan products, including commercial and residential mortgages, construction loans, home equity lines of credit and more. The company also provides a variety of deposit products, such as savings accounts, checking accounts, certificates of deposits, and money market accounts.

In addition, Peapack-Gladstone Financial Co. also provides wealth management services, such as asset management, trust services, retirement planning solutions, estate planning solutions, and more. In addition to its banking and wealth management services, Peapack-Gladstone Financial Co. also provides insurance services through its wholly owned subsidiary, Peapack-Gladstone Insurance Agency, LLC. The company offers life insurance, home insurance, auto insurance, and more to individuals in the Mid-Atlantic region. Peapack-Gladstone Financial Co. is committed to being a leader in the banking and financial services industry, providing superior customer service to its clients. The company is committed to creating long-term relationships with its clients by providing exceptional service and competitive products that meet their needs and exceed their expectations.

Stock Price

On Tuesday, Russell Investments Group Ltd. announced its divestment from Peapack-Gladstone Financial Co., with the company’s stock opening at $38.6 and closing at $38.0, a decrease of 1.5% from the prior closing price of 38.6. The news gained media attention and the response was mostly positive. Peapack-Gladstone Financial Co. is a large financial services firm that offers investment products and services to businesses, individuals and families. The company is headquartered in New Jersey and has locations across the United States. It provides private banking, wealth management and trust services as well as commercial banking, mortgages, and insurance solutions. Peapack-Gladstone Financial Co. has established itself as a leader in the financial industry, providing innovative products and services to its customers. The divestment from Russell Investments Group Ltd. is the latest in a series of moves the company has taken to improve its financial position and increase its appeal to investors. The company is looking to reduce its debt and expand its offerings to new and existing customers.

This strategic move is intended to position the company for future growth and long-term success. Although the stock price dropped slightly after the announcement, analysts predict that the divestment will ultimately be beneficial for the company and its shareholders. The divestment will free up capital for other investments and help to strengthen the company’s balance sheet. The move could also attract new investors, as the company will now be able to focus more on its core products and services. The divestment from Russell Investments Group Ltd. is evidence of Peapack-Gladstone Financial Co.’s commitment to improving its financial situation and strengthening its business model. It remains to be seen how the move will impact the company in the long term, but it appears that the initial media response has been overwhelmingly positive. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Peapack-gladstone Financial. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Peapack-gladstone Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Peapack-gladstone Financial are shown below. More…

Analysis – Peapack-gladstone Financial Intrinsic Stock Value

GoodWhale has conducted an analytical examination of PEAPACK-GLADSTONE FINANCIAL‘s current financial health, and concluded that the intrinsic value of the company’s shares is roughly $34.2. This value was determined through our proprietary Valuation Line tool, which provides a comprehensive analysis of companies across a variety of industries. Based on this analysis, the current stock price of $38.0 is slightly overvalued by 11.2%. It is important to note that although the stock price is currently trading above its intrinsic value, this does not necessarily suggest that it is a bad investment. This is simply an indication that investors are paying a premium for the company’s shares currently, and they may be wise to wait until the price drops back to its intrinsic value before making any investments. Overall, GoodWhale’s analysis suggests that PEAPACK-GLADSTONE FINANCIAL is in a good financial position. Investors who are looking to make a safe investment may want to consider investing in the company’s shares when the stock price reaches its estimated intrinsic value. More…

Peers

The bank has $5.7 billion in assets and operates 78 branches in New Jersey and New York. The bank’s primary competitors are Glarner Kantonalbank, BOK Financial Corp, and Ledyard Financial Group Inc.

– Glarner Kantonalbank ($LTS:0QV3)

Glarner Kantonalbank is a regional bank based in Glarus, Switzerland. The bank was founded in 1862 and has a market capitalization of 336.15 million as of 2022. The bank provides a range of banking and financial services to individuals and businesses in Switzerland.

– BOK Financial Corp ($NASDAQ:BOKF)

The company’s market cap is 7.02B as of 2022. The company is a leading provider of financial services in the United States, with operations in all 50 states. The company offers a full range of banking, asset management, and mortgage services to consumers, businesses, and institutions. The company has more than 2,000 branches and over 8,000 ATM’s.

– Ledyard Financial Group Inc ($OTCPK:LFGP)

Ledyard Financial Group Inc is a bank holding company. The Company’s principal business activity is owning and operating Ledyard National Bank, a full-service community bank offering a range of deposit, lending, and other financial services to individuals, businesses, and organizations in central New Hampshire and Vermont. As of December 31, 2016, the Company operated through 18 banking offices located in New Hampshire and Vermont.

Summary

The recent move by Russell Investments Group Ltd. to divest from Peapack-Gladstone Financial Co. is an interesting development in the investing world. Analysts have looked at how the company has performed in the past, highlighting its stock performance and its dividend yield. The company is seen by many as a long-term buy and hold stock, with a stable outlook. Its current price-to-earnings ratio is below the industry average, however its price has been on the rise recently.

Despite being a relatively small company, Peapack-Gladstone Financial Co. has been able to attract investors with its consistent dividend yield and solid fundamentals. With the current media exposure and the positive feedback from analysts, the outlook for the company looks promising and could be an attractive option for investors.