The stock of Pacific Premier Bancorp, Inc (NASDAQ:PPBI) last traded at $24.58, up 1.70% from the previous session.
PPBI stock price is now -7.28% away from the 50-day moving average and 0.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2.37B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Karr Michael S, SEVP & Chief Risk Officer sold 10,290 shares of the company’s stock on Dec 17 ’24. The stock was sold for $276,492 at an average price of $26.87. Upon completion of the transaction, the SEVP & Chief Risk Officer now directly owns 79,474 shares in the company, valued at $1.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Officer Karr Family Trust UAD 2/15/05 bought 10,290 shares of the business’s stock. A total of $277,000 was incurred on buying the stock at an average price of $26.92. A total of 2.17% of the company’s stock is owned by insiders.
During the past 12 months, Pacific Premier Bancorp, Inc has had a low of $20.52 and a high of $30.28. The fifty day moving average price for PPBI is $26.5106 and a two-hundred day moving average price translates $24.5576 for the stock.
The latest earnings results from Pacific Premier Bancorp, Inc (NASDAQ: PPBI) was released for 2024-09-30. The net profit margin was -1.97% and return on equity was -0.46% for PPBI. The company reported revenue of $205.63 million for the quarter, compared to $224.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.23 percent.
