Peapack-Gladstone Financial Corporation (PGC) vs VersaBank (VBNK)

Peapack-Gladstone Financial Corporation and VersaBank are both Banks Regional companies. Peapack-Gladstone Financial Corporation and VersaBank are of similar size ($794.6M and $755.7M). Peapack-Gladstone Financial Corporation trades at the lower P/E: 15.4× against 30.8×. VersaBank grew revenue faster over the last twelve months: 14.5% against 10.3%. Peapack-Gladstone Financial Corporation has the higher net margin (11.0% vs 9.94%) and the lower return on invested capital (9.80% vs 41.3%). Both pay a dividend; Peapack-Gladstone Financial Corporation yields more (0.85% vs 0.62%). Across the 20 metrics below, Peapack-Gladstone Financial Corporation leads on 14 and VersaBank on 6.

Valuation

Metric PGC VBNK Banks Regional median
P/E 15.36 30.80 12.15
P/S 1.70 3.07 2.37
P/B 1.16 1.87 1.21
Price to free cash flow 7.81 107.29 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.16 1.64 2.27
Earnings yield 6.51% 3.25% 8.11%
Free cash flow yield 12.80% 0.93% 8.98%

Profitability

Metric PGC VBNK Banks Regional median
Gross margin 67.79% 43.56% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 11.04% 9.94% 18.66%
Free cash flow margin 21.80% 2.86% 21.18%
Return on equity 7.86% 6.20% 10.64%
Return on assets 0.68% 0.55% 1.13%
Return on invested capital 9.80% 41.26% 8.33%

Growth

Metric PGC VBNK Banks Regional median
Revenue growth (TTM) 10.31% 14.54% 6.61%
EPS growth (last fiscal year) 13.51% (41.28%) —
Revenue growth, 5-year CAGR 14.34% 27.64% 12.30%
Net income growth, 5-year CAGR 7.34% 9.64% 9.71%

Health

Metric PGC VBNK Banks Regional median
Debt to equity 0.00 0.00 0.22
Current ratio 0.97 1.11 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PGC VBNK Banks Regional median
Dividend yield 0.85% 0.62% 3.75%
Payout ratio 0.05 0.08 0.27

Size

Metric PGC VBNK Banks Regional median
Market cap 794.57m 755.71m 921.07m

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