Peapack-Gladstone Financial Corporation (PGC) 株式分析

企業概要

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack Private Bank & Trust, delivering comprehensive private banking and wealth management services throughout the United States. The firm functions within the Financial Services sector, specifically categorized under the Banks - Regional industry, which implies a focus on localized lending and deposit-taking activities alongside specialized asset management. The company maintains a market capitalization of $669.17M, generates annual revenue of $258.59M, and employs a workforce of 682 individuals. These valuation and revenue figures indicate that the entity holds a mid-sized regional footprint, balancing sufficient scale to support private banking operations while remaining distinct from large national banking institutions.

財務健全性

The corporation reported revenue of $258.59M and net income of $37.33M for the trailing twelve months, whereas EBITDA data is not disclosed in the available financial records. The substantial gap between the reported revenue of $258.59M and the net income of $37.33M reveals a significant cost structure inherent to banking operations, including interest expenses, provision for loan losses, and administrative overheads that absorb the majority of gross inflows. Free cash flow figures are not available for this reporting period, suggesting that cash generation is either tied up in asset purchases or not separately disclosed in the current metrics. The company holds a cash balance of $198.10M against total debt obligations of $224.62M, indicating a net cash position that is only slightly offset by liabilities. While the debt-to-equity ratio is not explicitly listed, the presence of $198.10M in cash against $224.62M in debt suggests a conservative balance sheet approach rather than a highly leveraged structure. Operating margins stand at 25.4%, profit margins at 14.4%, and gross margins at 0.0%, the latter being standard for financial intermediaries where revenue is recognized net of interest expenses rather than through traditional sales gross profit. A 0.0% gross margin confirms the banking business model where the primary income driver is the spread between interest earned and interest paid, rather than the sale of goods or services with tangible margins. The current ratio is not provided in the available data, preventing a direct assessment of short-term liquidity via this specific metric. Return on Equity (ROE) is recorded at 5.9% and Return on Assets (ROA) at 0.5%, metrics that reveal the efficiency of management in generating returns on shareholder capital and the overall asset base respectively. The low ROA of 0.5% is typical for the regional banking sector, reflecting the capital-intensive nature of holding assets on the balance sheet.

バリュエーション評価

The trailing twelve-month P/E ratio is 18.00, while the forward P/E ratio is significantly lower at 8.08, implying that the market expects earnings to expand substantially in the coming year to justify the current price. A forward P/E of 8.08 compared to a trailing P/E of 18.00 suggests a high expected growth trajectory in earnings that will compress the valuation multiple over the next fiscal cycle. The price-to-book ratio is 1.00, indicating that the stock trades at par value relative to its tangible book value, which typically suggests a neutral market premium or discount over the underlying assets. The price-to-sales ratio stands at 2.59, and the EV/EBITDA multiple is not available, meaning investors must rely on P/S multiples to gauge valuation relative to revenue generation capabilities. The 52-week high is $38.29 and the 52-week low is $23.96, and without a specific current price provided in the facts, the trading position relative to this range cannot be precisely calculated or stated. The beta value is 0.63, which indicates that the stock's price volatility is significantly lower than the broader market, making it a less sensitive instrument to general market swings. This low beta suggests the stock may provide a stabilizing element within a diversified portfolio, moving less than 63% as much as the market in either direction during volatile periods.

Growth & Income

Revenue growth for the year over year is 16.3%, while earnings growth for the year over year is 31.1%, demonstrating that earnings are expanding at a rate more than double that of revenue growth. This disparity implies that cost efficiencies, favorable asset mix changes, or increased non-interest income are driving profitability faster than top-line revenue expansion. The company offers a dividend yield of 0.5% with a payout ratio of 9.5%, indicating a very conservative dividend policy that is highly sustainable given the strong earnings growth rate. With a payout ratio of only 9.5%, the corporation retains the vast majority of its earnings, allowing for significant reinvestment into growth initiatives or capital return via buybacks rather than high dividend distributions. The overall growth and income profile is characterized by robust double-digit earnings expansion supported by a minimal but reliable dividend yield and a balance sheet with ample cash reserves.