Parra joins Peapack-Gladstone. Peapack-Gladstone Financial stock sits 26.07 percent below target

Published on 10/07/2026 at 03:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ana Parra brings over 35 years of banking experience. Peapack-Gladstone Financial stock had a EUR 39.20 prior close on October 5, 2026.

PGC, US7046991078, Illustration mit AI erstellt.

Peapack-Gladstone Financial Corporation (US7046991078) reported second-quarter 2026 net income of USD 15.80 million, up 99.00 percent year over year. On October 5, 2026, GlobeNewswire reported that Peapack Private appointed Ana Parra as Senior Managing Director, Group Director, while StockAnalysis placed the stock 26.07 percent below its USD 56.00 price target.

Parra adds private banking experience

Parra brings over 35 years of experience in private banking, relationship management, lending coordination, deposit growth and wealth management referrals, according to GlobeNewswire. She will be based at the bank's Park Avenue office in Manhattan and lead a team serving high-net-worth individuals, families, family offices and privately held businesses.

The appointment adds senior coverage capacity in a business built around customized banking and wealth management. The company said its total assets stood at USD 8.0 billion and assets under management or administration at USD 13.9 billion as of June 30, 2026.

Profit growth meets credit pressure

Second-quarter 2026 revenue reached USD 86.1 million, up 23.00 percent year over year, while net interest margin expanded to 3.32 percent from the prior period, according to ScanX. The same report said the loan portfolio increased by USD 236.0 million and deposits grew by USD 231.0 million during the quarter.

Credit quality remains a counterweight to the earnings improvement. Nonperforming assets rose to USD 72.2 million, or 0.91 percent of total assets, while the provision for credit losses reached USD 8.1 million in second-quarter 2026, according to ScanX. That combination gives investors two competing signals: stronger profitability and a closer watch on commercial real estate exposure.

Stock remains below analyst target

StockAnalysis listed a USD 56.00 12-month target and a Buy consensus from four analysts, compared with a primary-exchange reference price of USD 44.42 on October 5, 2026. The target therefore stood 26.07 percent above that USD 44.42 price, while PGC's 52-week range was USD 24.71 to USD 49.14.

At Lang & Schwarz, the prior close was EUR 39.20 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Peapack-Gladstone Financial stock.