Douglas L. Kennedy, President & CEO at PEAPACK GLADSTONE FINANCIAL CORP (PGC), bought 11,296 shares at $35.21 ($398K) on 2026-03-30, disclosed to the SEC on 2026-04-01.
CEO Douglas L. Kennedy purchased 11,296 shares for $397k, marking the largest purchase of his career. This rare reversal from two prior sells suggests the CEO believes the stock is undervalued near its 52-week high.
The stock is up 28.37% over the last 90 days and is currently trading just 0.78% below its 52-week high of $36.03.
A Zacks upgrade to Buy on May 26, 2026, and the company's Q1 2026 earnings call on April 23, 2026, which highlighted continued momentum in profitability. Additionally, CEO Kennedy's largest-ever purchase of 11,296 shares on March 30, 2026, signals strong conviction in the stock's valuation.
A Zacks report on April 21, 2026, noted that Peapack-Gladstone does not possess the right combination for a likely earnings beat. Furthermore, the stock carries a short interest of 2.85% of the float.
Something here stands out, but not much.
| Filing → |
| PGC | SELL | 2025-03-24 | $144K | — | Filing → |
| PGC | SELL | 2025-03-18 | $578K | — | Filing → |
| PGC | BUY | 2023-03-13 | $32K | — | Filing → |