Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) closed at $22.16 in the last session, down -2.55% from day before closing price of $22.74. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 0.72 million shares were traded. PPBI stock price reached its highest trading level at $22.435 during the session, while it also had its lowest trading level at $21.79.
Ratios:
We take a closer look at PPBI’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on January 30, 2024, Downgraded its rating to Outperform and sets its target price to $29 from $26 previously.
On July 07, 2022, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also lowered its target price recommendation from $41 to $35.
Stephens Downgraded its Overweight to Equal-Weight on January 25, 2022, whereas the target price for the stock was revised from $50 to $45.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 21 ’24 when POLSKY BARBARA bought 1,200 shares for $23.92 per share. The transaction valued at 28,704 led to the insider holds 14,507 shares of the business.
Karr Michael S sold 13,630 shares of PPBI for $400,040 on Dec 19 ’23. The SEVP & Chief Risk Officer now owns 34,580 shares after completing the transaction at $29.35 per share. On Dec 14 ’23, another insider, Wright Lori R, who serves as the Sr. EVP, Deputy CFO of the company, sold 13,000 shares for $29.62 each. As a result, the insider received 385,060 and left with 27,462 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PPBI now has a Market Capitalization of 2137888256 and an Enterprise Value of 2119985280. As of this moment, Pacific’s Price-to-Earnings (P/E) ratio for their current fiscal year is 172.99, and their Forward P/E ratio for the next fiscal year is 11.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.91 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 4.816.
Stock Price History:
Over the past 52 weeks, PPBI has reached a high of $30.13, while it has fallen to a 52-week low of $17.53. The 50-Day Moving Average of the stock is -3.60%, while the 200-Day Moving Average is calculated to be -6.49%.
Shares Statistics:
According to the various share statistics, PPBI traded on average about 575.09K shares per day over the past 3-months and 540130 shares per day over the past 10 days. A total of 95.86M shares are outstanding, with a floating share count of 93.64M. Insiders hold about 2.32% of the company’s shares, while institutions hold 93.49% stake in the company. Shares short for PPBI as of 1713139200 were 1615101 with a Short Ratio of 2.81, compared to 1710460800 on 1690569. Therefore, it implies a Short% of Shares Outstanding of 1615101 and a Short% of Float of 2.32.
Dividends & Splits
The forward annual dividend rate for PPBI is 1.32, which was 1.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.058047496The stock’s 5-year Average Dividend Yield is 3.87.
