Executive & Director Cluster Buys at Peapack-Gladstone Financial Corp

Peapack-Gladstone Financial Corporation (PGC:US) is the holding company for Peapack Private Bank & Trust, a boutique private banking institution serving high-net-worth individuals, families, businesses, and nonprofits primarily in New Jersey and the New York metropolitan area. As of late March 2026, Peapack-Gladstone has a market capitalization of approximately $620-640 million.

Recent Insider Trades

Insider activity at Peapack-Gladstone turned positive at the end of March 2026, with the CEO, CFO, and a director making open-market purchases totaling approximately $548,000. These buys occurred around $34.95-$35.21 per share:

• Douglas L. Kennedy (President and CEO) on March 30, 2026 purchased 11,296 shares at $35.21 per share for $397,732, increasing his holdings to 241,926 shares.

• Frank A. Cavallaro (SEVP and Chief Financial Officer) on March 31, 2026 purchased 2,890 shares at $34.938 per share for $100,970, bringing his holdings to 14,714 shares.

• Patrick Campion (Director) on March 30, 2026 purchased 1,430 shares at $34.946 per share for $49,972, raising his holdings to 3,105 shares.

The cluster of buys by top executives and a board member, with no recent insider sales reported, signals confidence at current price levels following a period of share price consolidation.

Potential Insider Insights and Backgrounds

The insiders involved hold senior leadership positions with direct visibility into the bank’s loan portfolio, deposit trends, wealth management growth, and overall financial performance.

Douglas L. Kennedy, as President and CEO, leads the company’s strategic direction and client-focused private banking model. His sizable purchase suggests strong belief in Peapack’s positioning in the competitive Northeast banking market and potential for continued earnings momentum.

Frank A. Cavallaro, SEVP and CFO, oversees financial strategy and capital management. His buy aligns with internal optimism around balance sheet strength and recent capital initiatives.

Patrick Campion, an Independent Director, brings external governance perspective. His participation reinforces board-level support for the current valuation.

Collectively, these purchases may indicate that leadership views the stock as undervalued relative to the company’s fundamentals, client franchise, and growth opportunities in private banking and wealth services.

Solid Financials

Peapack-Gladstone reported solid Q4 2025 results in late January/early February 2026, with EPS of $0.69 beating consensus estimates. The company has shown improving operating leverage and positive earnings momentum.

On March 26, 2026, the company announced a significant capital raise: a $50 million preferred stock commitment from affiliates of Strategic Value Bank Partners, including an initial $30 million private placement of 6.00% non-cumulative perpetual convertible preferred stock (with an option for an additional $20 million by end of 2027). Proceeds are intended for general corporate purposes, including growth initiatives and potential debt management. The company also plans to redeem $100 million in subordinated notes while remaining well-capitalized.

Overall, this cluster of insider buys by the CEO, CFO, and a director is a positive signal, suggesting strong internal confidence in the company’s current valuation and future prospects.