Banc Funds Co. LLC Reduces Stake in Peapack-Gladstone Financial

Investment firm cuts position in New Jersey-based financial services provider by nearly a third

Mar. 15, 2026 at 8:34am

Got story updates? Submit your updates here. ›

Banc Funds Co. LLC, an investment management firm, has reduced its stake in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) by 31.9% in the third quarter of 2025. The firm previously owned 315,099 shares of the New Jersey-based financial services provider, but sold 147,300 shares during the quarter, leaving it with a 1.79% ownership stake valued at $8.7 million.

Why it matters

Peapack-Gladstone Financial is a regional bank and wealth management firm based in Bedminster, New Jersey. The reduction in Banc Funds' position could signal a shift in investor sentiment or portfolio strategy, potentially impacting the stock price and the company's access to capital.

The details

According to a 13F filing with the SEC, Banc Funds Co. LLC sold 147,300 shares of Peapack-Gladstone Financial in the third quarter of 2025, reducing its total position to 315,099 shares. The firm now owns approximately 1.79% of the company's outstanding shares, down from 2.63% previously.

  • Banc Funds Co. LLC reduced its position in Peapack-Gladstone Financial in the 3rd quarter of 2025.

The players

Banc Funds Co. LLC

An investment management firm that previously held a 2.63% stake in Peapack-Gladstone Financial Corporation.

Peapack-Gladstone Financial Corporation

A New Jersey-based regional bank and wealth management firm that trades on the NASDAQ under the ticker symbol PGC.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Banc Funds' position in Peapack-Gladstone Financial could signal a shift in investor sentiment or portfolio strategy for the regional bank, potentially impacting its stock price and access to capital. However, the company still maintains a sizable 1.79% ownership stake in the firm.