Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) closed the day trading at $22.86 up 0.97% from the previous closing price of $22.64. In other words, the price has increased by $+0.22 from its previous closing price. On the day, 686971 shares were traded.
Ratios:
For a better understanding of PPBI, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.17.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 19 when Karr Michael S sold 13,630 shares for $29.35 per share. The transaction valued at 400,040 led to the insider holds 34,580 shares of the business.
Wright Lori R sold 13,000 shares of PPBI for $385,060 on Dec 14. The Sr. EVP, Deputy CFO now owns 27,462 shares after completing the transaction at $29.62 per share. On Nov 30, another insider, RICE TOM, who serves as the SEVP/ Chief Innovation Officer of the company, sold 15,168 shares for $22.61 each. As a result, the insider received 342,948 and left with 64,500 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 2.19B. As of this moment, Pacific’s Price-to-Earnings (P/E) ratio for their current fiscal year is 77.83, and their Forward P/E ratio for the next fiscal year is 10.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.07 while its Price-to-Book (P/B) ratio in mrq is 0.76.
Stock Price History:
Over the past 52 weeks, PPBI has reached a high of $32.31, while it has fallen to a 52-week low of $17.53. The 50-Day Moving Average of the stock is 26.70, while the 200-Day Moving Average is calculated to be 23.25.
Shares Statistics:
Over the past 3-months, PPBI traded about 527.27K shares per day on average, while over the past 10 days, PPBI traded about 453.14k shares per day. A total of 95.86M shares are outstanding, with a floating share count of 93.87M. Insiders hold about 2.08% of the company’s shares, while institutions hold 93.72% stake in the company. Shares short for PPBI as of Feb 15, 2024 were 1.26M with a Short Ratio of 2.40, compared to 1.11M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.32% and a Short% of Float of 1.82%.
Dividends & Splits
PPBI’s forward annual dividend rate is 1.32, up from 1.32 a year ago. Against a Trailing Annual Dividend Yield of 5.83%, it implies a Forward Annual Dividend Yield of 5.78%. The stock’s 5-year Average Dividend Yield is 3.79. The current Payout Ratio is 432.08% for PPBI, which recently paid a dividend on Feb 16, 2024 with an ex-dividend date of Feb 08, 2024. Stock splits for the company last occurred on Jun 12, 2001 when the company split stock in a 1:5 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.52 and a low estimate of $0.42, while EPS last year was $0.66. The consensus estimate for the next quarter is $0.48, with high estimates of $0.53 and low estimates of $0.42.
Analysts are recommending an EPS of between $2.19 and $1.71 for the fiscal current year, implying an average EPS of $1.96. EPS for the following year is $2.1, with 7 analysts recommending between $2.45 and $1.68.
Revenue Estimates
7 analysts predict $149.16M in revenue for the current quarter. It ranges from a high estimate of $163.55M to a low estimate of $144M. As of the current estimate, Pacific Premier Bancorp, Inc.’s year-ago sales were $168.61M, an estimated decrease of -11.50% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for PPBI’s current fiscal year. The highest revenue estimate was $659.91M, while the lowest revenue estimate was $588.3M, resulting in an average revenue estimate of $610.23M. In the same quarter a year ago, actual revenue was $625.04M, down -2.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $635.86M in the next fiscal year. The high estimate is $662.8M and the low estimate is $611.8M. The average revenue growth estimate for next year is up 4.20% from the average revenue estimate for this year.
