The stock price of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) has jumped by 4.26 compared to previous close of 24.91. Despite this, the company has seen a gain of 10.79% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-24 that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI ) Q2 2024 Earnings Conference Call July 24, 2024 12:00 PM ET Company Participants Steve Gardner – Chairman and CEO Ron Nicolas – CFO Conference Call Participants David Feaster – Raymond James Matthew Clark – Piper Sandler Chris McGratty – KBW Gary Tenner – D.A. Davidson Andrew Terrell – Stephens Operator Good day, and welcome to the Pacific Premier Bancorp 2024 Second Quarter Conference Call.
Is It Worth Investing in Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) Right Now?
The 36-month beta value for PPBI is at 1.20. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PPBI is 94.22M, and currently, shorts hold a 2.54% of that float. The average trading volume for PPBI on September 20, 2024 was 582.73K shares.
PPBI’s Market Performance
PPBI’s stock has seen a 10.79% increase for the week, with a 6.13% rise in the past month and a 22.79% gain in the past quarter. The volatility ratio for the week is 4.17%, and the volatility levels for the past 30 days are at 3.26% for Pacific Premier Bancorp, Inc.. The simple moving average for the past 20 days is 4.96% for PPBI’s stock, with a 6.48% simple moving average for the past 200 days.
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 2.82% 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 -13.81% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 4.17%, as shares surge +5.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.51% upper at present.
During the last 5 trading sessions, PPBI rose by +10.79%, which changed the moving average for the period of 200-days by +6.57% in comparison to the 20-day moving average, which settled at $24.81. In addition, Pacific Premier Bancorp, Inc. saw -10.79% 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 JONES JEFF C, who sale 11,251 shares at the price of $23.62 back on Sep 09 ’24. After this action, JONES JEFF C now owns 123,794 shares of Pacific Premier Bancorp, Inc., valued at $265,749 using the latest closing price.
WILCOX EDWARD EARL, the President & COO of Pacific Premier Bancorp, Inc., sale 30,499 shares at $23.63 during a trade that took place back on Sep 09 ’24, which means that WILCOX EDWARD EARL is holding 230,592 shares at $720,691 based on the most recent closing price.
Stock Fundamentals for PPBI
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.93 for the gross margin
The net margin for Pacific Premier Bancorp, Inc. stands at -0.0. The total capital return value is set at -0.0. Equity return is now at value -0.12, with -0.02 for asset returns.
Based on Pacific Premier Bancorp, Inc. (PPBI), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -0.02.
Currently, EBITDA for the company is 34.04 million with net debt to EBITDA at 4.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 13.02for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In conclusion, Pacific Premier Bancorp, Inc. (PPBI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
