BEDMINSTER, NJ - Peapack-Gladstone Financial Corporation (NASDAQ:PGC) and its subsidiary, Peapack-Gladstone Bank, announced the promotion of Kate Sant'Angelo to Senior Vice President, Director of Personal Banking. In her new role, Sant'Angelo will oversee the bank's retail branch network, operations, client experience training, and retail administration.
Sant'Angelo brings over two decades of industry experience to her new position. She joined Peapack-Gladstone Bank in 2015 and has since held various leadership roles within the company. Her previous experience includes positions at Lakeland Bank and Wells Fargo, where she served as Assistant Vice President, Branch Manager.
Her professional development includes completion of the NJBankers Association Emerging Leaders Program in 2017, which focuses on cultivating leadership skills in promising managers. Additionally, Sant'Angelo was recognized as a NJBankers Rising Star in 2023, an award honoring influential figures in the New Jersey banking industry for their community impact.
Peapack-Gladstone Financial Corporation, founded in 1921, has total assets of $6.5 billion and manages or administers $10.9 billion in assets as of December 31, 2023. The bank prides itself on a client-centric approach, offering a range of high-quality banking products and customized wealth management services through its division, Peapack Private.
This announcement is based on a press release statement from Peapack-Gladstone Financial Corporation.
InvestingPro Insights
As Peapack-Gladstone Financial Corporation (NASDAQ:PGC) embraces change with the promotion of Kate Sant'Angelo to Senior Vice President, the company's financial health remains a focal point for investors. According to real-time data from InvestingPro, PGC has a market capitalization of $411.03 million, reflecting its standing in the financial sector. The company's P/E ratio is currently at a modest 8.58, with an adjusted P/E ratio for the last twelve months as of Q4 2023 at a slightly lower 8.29. This valuation metric suggests that the market may view PGC's earnings as relatively stable, despite the challenges in the banking industry.
InvestingPro Tips indicate that analysts have revised their earnings expectations downwards for the upcoming period, which may be a point of consideration for those closely following PGC's performance. Moreover, the company has experienced weak gross profit margins, which could be a concern moving forward. However, it's worth noting that PGC has maintained its dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns even in fluctuating market conditions.
For investors interested in a deeper analysis, there are additional InvestingPro Tips available for Peapack-Gladstone Financial Corporation, which can provide more nuanced insights into the company's financial outlook. To explore these insights and make more informed investment decisions, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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