Director Beth Welsh buys 1,000 shares of PGC at $28.54; cluster of 3 insiders buying in 14 days amid 22.6% decline from 52-week high.
Beth Welsh, a Director at Peapack Gladstone Financial Corp, purchased 1,000 shares at $28.54 on 2025-03-31, increasing her holdings from 14,497 to 15,497 shares. This transaction is noteworthy because it is part of a cluster pattern: 2 other insiders also bought within the past 14 days. The timing occurs after the stock has declined 22.6% from its 52-week high of $37.57 and is down 10.2% over the past 30 days. The company trades at a P/E of 30.91 with net income of $7.6M on quarterly revenue of $56.6M, though full-year revenue growth stands at -0.7%. The confluence of three insider purchases within a short window, combined with recent price weakness, may warrant attention to whether insiders view the current price level as attractive relative to their assessment of value.