In yesterday’s Wall Street session, Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shares traded at $21.07, down -0.19% from the previous session.
PPBI stock price is now -5.11% away from the 50-day moving average and -10.04% away from the 200-day moving average. The market capitalization of the company currently stands at $2.03B.
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With the price target enhanced from $26 to $29, Raymond James Downgraded its rating from Strong Buy to Outperform for Pacific Premier Bancorp, Inc. (NASDAQ: PPBI). On July 07, 2022, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock reducing its target price from $41 to quote $35, while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, Wright Lori R, Sr. EVP, Deputy CFO sold 4,668 shares of the company’s stock on May 15 ’24. The stock was sold for $110,132 at an average price of $23.59. Upon completion of the transaction, the Sr. EVP, Deputy CFO now directly owns 31,259 shares in the company, valued at $0.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, Pres. of Pacific Premier Trust Wendoll Tamara bought 43 shares of the business’s stock. A total of $1,000 was incurred on buying the stock at an average price of $23.14. This leaves the insider owning 24,152 shares of the company worth $0.51 million. A total of 2.30% of the company’s stock is owned by insiders.
During the past 12 months, Pacific Premier Bancorp, Inc. has had a low of $17.86 and a high of $30.13. According to the stock market information, the enterprise value for the company is $1590426752, which is based on a 165.13 price-to-earnings ratio, a 20.64 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for PPBI is $22.1746 and a two-hundred day moving average price translates $23.41215 for the stock.
The latest earnings results from Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) was released for 2024-03-31. The net profit margin was 1.71% and return on equity was 0.42% for PPBI. The company reported revenue of $213.43 million for the quarter, compared to $221.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.57 percent.
