The stock of Pacific Premier Bancorp, Inc. (PPBI) has gone up by 3.99% for the week, with a -3.44% drop in the past month and a -20.06% drop in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are 3.05% for PPBI. The simple moving average for the past 20 days is -1.32% for PPBI’s stock, with a -6.49% simple moving average for the past 200 days.
Is It Worth Investing in Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) Right Now?
The price-to-earnings ratio for Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) is 172.99x, which is above its average ratio. Moreover, the 36-month beta value for PPBI is 1.17. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PPBI is 93.64M and currently, short sellers hold a 1.72% of that float. On April 26, 2024, PPBI’s average trading volume was 575.09K shares.
PPBI) stock’s latest price update
The stock of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) has decreased by -2.55 when compared to last closing price of 22.74. Despite this, the company has experienced a 3.99% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Pacific Premier Bancorp (PPBI) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.66 per share a year ago.
Analysts’ Opinion of PPBI
Many brokerage firms have already submitted their reports for PPBI stocks, with Raymond James repeating the rating for PPBI by listing it as a “Outperform.” The predicted price for PPBI in the upcoming period, according to Raymond James is $29 based on the research report published on January 30, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see PPBI reach a price target of $35, previously predicting the price at $41. The rating they have provided for PPBI stocks is “Strong Buy” according to the report published on July 07th, 2022.
Stephens gave a rating of “Equal-Weight” to PPBI, setting the target price at $45 in the report published on January 25th of the previous year.
PPBI Trading at -3.60% from the 50-Day Moving Average
After a stumble in the market that brought PPBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.45% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares sank -7.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.70% lower at present.
During the last 5 trading sessions, PPBI rose by +3.99%, which changed the moving average for the period of 200-days by +4.92% in comparison to the 20-day moving average, which settled at $22.36. In addition, Pacific Premier Bancorp, Inc. saw -23.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PPBI starting from POLSKY BARBARA, who purchase 1,200 shares at the price of $23.92 back on Mar 21 ’24. After this action, POLSKY BARBARA now owns 14,507 shares of Pacific Premier Bancorp, Inc., valued at $28,704 using the latest closing price.
Karr Michael S, the SEVP & Chief Risk Officer of Pacific Premier Bancorp, Inc., sale 13,630 shares at $29.35 during a trade that took place back on Dec 19 ’23, which means that Karr Michael S is holding 34,580 shares at $400,040 based on the most recent closing price.
Stock Fundamentals for PPBI
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 1.07 for the gross margin
The net margin for Pacific Premier Bancorp, Inc. stands at 0.02. The total capital return value is set at 0.0. Equity return is now at value 0.42, with 0.06 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.57. The receivables turnover for the company is 12.2for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
To wrap up, the performance of Pacific Premier Bancorp, Inc. (PPBI) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
