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Pacific Premier Bancorp, Inc. (PPBI) – Don’t Be So Quick to Call it Dead

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) is -8.21% lower on its value in year-to-date trading and has touched a low of $17.86 and a high of $30.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PPBI stock was last observed hovering at around $26.55 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $26.72, the stock is 8.79% and 16.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 0.64% at the moment leaves the stock 12.97% off its SMA200. PPBI registered 11.61% gain for a year compared to 6-month loss of -4.64%.

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The stock witnessed a 25.86% gain in the last 1 month and extending the period to 3 months gives it a 17.50%, and is -1.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.58% over the week and 3.91% over the month.

Pacific Premier Bancorp, Inc. (PPBI) has around 1345 employees, a market worth around $2.58B and $690.62M in sales. Fwd P/E is 17.11. Profit margin for the company is -0.37%. Distance from 52-week low is 49.61% and -11.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.07%).

The EPS is expected to shrink by -26.92% this year

The shares outstanding are 95.86M, and float is at 94.21M with Short Float at 1.98%.

Pacific Premier Bancorp, Inc. (PPBI) Insider Activity

The most recent transaction is an insider sale by Wright Lori R, the company’s Sr. EVP, Deputy CFO. SEC filings show that Wright Lori R sold 4,668 shares of the company’s common stock on May 15 ’24 at a price of $23.59 per share for a total of $0.11 million. Following the sale, the insider now owns 31259.0 shares.

Pacific Premier Bancorp, Inc. disclosed in a document filed with the SEC on May 13 ’24 that Wendoll Tamara (Pres. of Pacific Premier Trust) bought a total of 43 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $23.14 per share for $1000.0. Following the transaction, the insider now directly holds 24152.0 shares of the PPBI stock.

Still, SEC filings show that on Mar 21 ’24, POLSKY BARBARA (Director) acquired 1,200 shares at an average price of $23.92 for $28704.0. The insider now directly holds 14,507 shares of Pacific Premier Bancorp, Inc. (PPBI).

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