Alerus Financial (ALRS) vs Peapack-Gladstone Financial Corporation (PGC)

Alerus Financial and Peapack-Gladstone Financial Corporation are both Banks Regional companies. Alerus Financial and Peapack-Gladstone Financial Corporation are of similar size ($802.9M and $794.6M). Peapack-Gladstone Financial Corporation trades at the lower P/E: 15.4× against 29.8×. Peapack-Gladstone Financial Corporation grew revenue faster over the last twelve months: 10.3% against −11.8%. Peapack-Gladstone Financial Corporation has the higher net margin (11.0% vs 8.25%) and the higher return on invested capital (9.80% vs 4.25%). Both pay a dividend; Alerus Financial yields more (3.48% vs 0.85%). Across the 20 metrics below, Peapack-Gladstone Financial Corporation leads on 17 and Alerus Financial on 3.

Valuation

Metric ALRS PGC Banks Regional median
P/E 29.79 15.36 12.15
P/S 2.41 1.70 2.37
P/B 1.38 1.16 1.21
Price to free cash flow 9.03 7.81 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.26 1.16 2.27
Earnings yield 3.36% 6.51% 8.11%
Free cash flow yield 11.07% 12.80% 8.98%

Profitability

Metric ALRS PGC Banks Regional median
Gross margin 70.83% 67.79% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 8.25% 11.04% 18.66%
Free cash flow margin 26.67% 21.80% 21.18%
Return on equity 4.95% 7.86% 10.64%
Return on assets 0.52% 0.68% 1.13%
Return on invested capital 4.25% 9.80% 8.33%

Growth

Metric ALRS PGC Banks Regional median
Revenue growth (TTM) (11.81%) 10.31% 6.61%
EPS growth (last fiscal year) (30.61%) 13.51% —
Revenue growth, 5-year CAGR 6.19% 14.34% 12.30%
Net income growth, 5-year CAGR (16.83%) 7.34% 9.71%

Health

Metric ALRS PGC Banks Regional median
Debt to equity 0.10 0.00 0.22
Current ratio 0.90 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ALRS PGC Banks Regional median
Dividend yield 3.48% 0.85% 3.75%
Payout ratio 0.39 0.05 0.27

Size

Metric ALRS PGC Banks Regional median
Market cap 802.92m 794.57m 921.07m

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