Rating Change
Raymond James analysts downgraded Peapack-Gladstone Financial Corporation (NASDAQ:PGC) from Strong Buy to Market Perform on October 29, 2026.
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Peapack-Gladstone Financial Corporation (PGC) Downgraded to Market Perform by Raymond James
Raymond James analysts downgraded Peapack-Gladstone Financial Corporation (NASDAQ:PGC) from Strong Buy to Market Perform on October 29, 2026.
At publication ·
What changed
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) · downgrade
- Firm
- Raymond James
- Rating
- Strong Buy to Market Perform
- Price at event
- $45.67
- Market capitalization
- $516.9M
At a glance
Key takeaways
- Raymond James downgraded Peapack-Gladstone Financial Corporation from Strong Buy to Market Perform on October 29, 2026.
Market Context
Peapack-Gladstone Financial Corporation operates in the Financial Services sector. The stock currently trades at $45.67 with a market capitalization of $516.9M.
Analyst downgrades can weigh on a stock in the short term as institutional investors who follow Raymond James's research adjust their positions. However, downgrades also sometimes create buying opportunities if the market overreacts to the rating change. The reasoning behind the downgrade matters more than the rating itself.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Peapack-Gladstone Financial Corporation
Among the 10 most recent ratings: 9 Buy, 1 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 29, 2026 | Raymond James | Market Perform | N/A |
| Aug 03, 2026 | Keefe, Bruyette & Woods | Outperform | N/A |
| Jul 29, 2026 | Piper Sandler | Overweight | N/A |
| Jul 01, 2026 | Raymond James | Strong Buy | N/A |
| Jun 26, 2026 | Piper Sandler | Overweight | N/A |
Related Tools: Analyst Ratings Dashboard | View PGC Stock Page
Frequently Asked Questions
What does the Market Perform rating mean for PGC?
A rating of Market Perform from Raymond James reflects the analyst's outlook on Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the PGC forecast page.