BEDMINSTER, NJ - Peapack-Gladstone Financial Corporation (NASDAQ:PGC) and its division Peapack Private have announced the appointment of Jerry Dominguez as Senior Managing Director at their New York City location. Dominguez will focus on delivering tailored commercial banking solutions to a variety of businesses aiming to reach their financial objectives.
With a wealth of experience in the financial services industry, Dominguez brings his expertise in client relationship management and business development to the role. His career includes significant stints at Customers Bank Corp., where he managed relationships with middle-market firms, small businesses, and large investors, as well as positions at Capital One Bank and Bank of America.
Dominguez's educational background includes studies at St. Thomas Aquinas College in New York. He is actively engaged in the community through his memberships in the Dutchess County Regional Chamber of Commerce and the New Jersey Land Title Association. Additionally, he supports the American Land Title Association and The Fuller Center for Housing.
Peapack-Gladstone Financial Corporation, established in 1921, holds total assets of $6.4 billion and oversees $11.5 billion in managed and/or administered assets as of March 31, 2024. The corporation, through Peapack-Gladstone Bank and Peapack Private, provides a client-focused banking experience, offering high-quality products and personalized wealth management, investment banking, and commercial and retail solutions.
This strategic hire reflects the company's dedication to enhancing its client services and expanding its market presence. The information for this article is based on a press release statement.
InvestingPro Insights
As Peapack-Gladstone Financial Corporation (NASDAQ:PGC) welcomes Jerry Dominguez to its team, the company's financial metrics provide insight into its current market position. With a market capitalization of approximately $408.59 million, PGC presents a P/E Ratio of 10.43, which adjusts slightly to 10.16 for the last twelve months as of Q1 2024.
This suggests a relatively moderate valuation of the company's earnings. Still, the PEG Ratio for the same period stands at -0.2, indicating potential concerns about future earnings growth relative to the company's earnings momentum.
The company's commitment to shareholder returns is evident, as reflected by an uninterrupted 27-year history of dividend payments, a testament to its financial resilience and management's confidence in the business's stability. This is further supported by a dividend yield of 0.87% as of the latest data.
An InvestingPro Tip worth noting is that analysts predict the company will be profitable this year, which aligns with the positive basic and diluted EPS (Continuing Operations) of $2.20 and $2.18, respectively, for the last twelve months as of Q1 2024.
For those considering a deeper dive into Peapack-Gladstone Financial Corporation's financial health and future prospects, InvestingPro offers additional insights. There are currently 5 more InvestingPro Tips available for PGC, which can be accessed by visiting https://www.investing.com/pro/PGC. Prospective and current investors may find these tips particularly valuable for making informed decisions. To enhance your investing strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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