BlackRock (NYSE: PGC) holds 1,162,411 shares, a 6.6% stake
Rhea-AI Filing Summary
BlackRock, Inc. amended its Schedule 13G to report beneficial ownership of 1,162,411 shares of Peapack Gladstone Financial Corp common stock, representing 6.6% of the class as of 03/31/2026. The filing attributes 1,143,323 shares of sole voting power and 1,162,411 shares of sole dispositive power to the reporting group and notes that various underlying persons have rights to dividends or proceeds.
Positive
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Negative
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Insights
BlackRock’s filing documents a passive >5% stake in Peapack Gladstone Financial.
The Schedule 13G/A shows BlackRock’s Reporting Business Units collectively beneficially own 1,162,411 shares (6.6%) with sole dispositive power. The amendment follows the standard disclosure regime for institutional investors and signals aggregated passive ownership rather than an activist intent.
Key dependencies include any changes in holdings disclosed in subsequent amendments and whether the holdings are held for multiple client accounts; future amendments will show increases or dispositions.