AlphAIAlphAI — Financial news for AI agents
investing.comOCT 292 min read$PGC

Raymond James downgrades Peapack-Gladstone stock rating on valuation

Raymond James downgraded Peapack-Gladstone Financial (NASDAQ:PGC) to Market Perform from Strong Buy, citing reduced upside potential despite a 66% year-to-date gain. The stock trades at $46.17 with a P/E ratio of 15.95. The firm noted strong loan and deposit pipelines, but reduced its earnings outlook due to lower fee income and higher expenses. Peapack-Gladstone reported Q3 2026 earnings, exceeding EPS estimates but missing revenue forecasts.

Original reporting
investing.com
Published Oct 29, 2026, 8:42 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 29, 2026, 8:46 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$PGC
Bearish
high confidence
Mentioned
$PGC
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$PGCBearishMed
01

Why it matters

The downgrade reflects concerns over valuation and fee income, potentially prompting a short-term pullback.

02

Market read

Analyst downgrade combined with earnings release provides a fresh catalyst for PGC's stock movement.

03

What to watch

The company's strong loan pipeline and low P/E relative to peers could support longer-term upside.

Relevance 7/10Novelty 7/10Timing: pre-market today

Background

Peapack-Gladstone Financial (PGC) is a niche community bank that recently posted Q3 2026 results and received a downgrade from Raymond James.

Company-level read

Ticker impact

$PGCBearishHigh confidence
Context

Raymond James downgraded Peapack-Gladstone Financial to Market Perform after its Q3 2026 earnings beat expectations but revenue missed forecasts.

Expected impact

likely downward pressure as investors price in the lower rating and reduced earnings outlook.

Evidence & confidence

Analyst downgrade with specific valuation concerns and lower earnings outlook is a fresh catalyst.

Market effects

Sector

May weigh on regional community banks and niche financial services firms.

Regional

Limited to U.S. small-cap financial sector.

Global

Low global impact.

Counterpoint

What could challenge this read

Some investors may view the strong EPS beat as a buying opportunity despite the revenue miss.

Key entities

  • company
    Peapack-Gladstone Financial

    U.S. community bank (NASDAQ:PGC) subject of downgrade and earnings report.

  • analyst
    Raymond James

    Equity research firm issuing the downgrade.

Read at source← All news

Related articles

OCT 28
$PGCMed

What Peapack-Gladstone Financial (PGC) Said on Its Q3 Earnings Call

Peapack-Gladstone Financial (PGC) reported Q3 earnings with loan yields at 6.4% and deposit costs in the mid-2% range. The company expects net interest margin to increase by 2-3 basis points per quarter until 2027. Total loans grew to $7.1 billion, up 17% year over year, while deposits rose to $7.4 billion, up 12% year over year. Operating expenses were $55 million, down 1% from Q2. The company aims for mid- to upper-single-digit expense growth in 2027.

finance.yahoo.com3 min
OCT 27
$PGCMed

PEAPACK GLADSTONE FINANCIAL CORP (PGC): REPORTS THIRD QUARTER FINANCIAL RESULTS

PEAPACK GLADSTONE FINANCIAL CORP (PGC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Contact: Frank A. Cavallaro, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-306-8933 PEAPACK-GLADSTONE FINANCIAL CORPORATION REPORTS THIRD QUARTER FINANCIAL RESULTS Bedminster, N.J. – October 27, 2026 – Peapack-Gladstone Financial Corporation ( NASDAQ Gl

SEC EDGAR 8-K2 min
JUL 27
$PGCMed

PEAPACK GLADSTONE FINANCIAL CORP (PGC): REPORTS SECOND QUARTER FINANCIAL RESULTS

PEAPACK GLADSTONE FINANCIAL CORP (PGC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 pgc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact: Frank A. Cavallaro, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-306-8933 PEAPACK-GLADSTONE FINANCIAL CORPORATION REPORTS SECOND QUARTER FINANCIAL RESULTS Bedminster, N.J. – July 27, 2026 – Peapack-Glad

SEC EDGAR 8-K4 min
OCT 29
Med

Prysmian Q3 Profit Falls, Raises FY26 Guidance

Prysmian S.p.A. reported a Q3 profit decline to €408M from €595M YoY, but raised 2026 adjusted EBITDA guidance to €3.08B-€3.13B. Revenue grew 28.4% YoY to €6.42B, with organic growth of 13.1%. Adjusted EBITDA rose 32.1% to €851M, and the margin improved to 16.8%. The company expects to exceed 2028 targets two years early. Shares rose 1.39% in Milan trading.

rttnews.com2 min