After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Pacific Premier Bancorp Inc. (PPBI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $27.70. The Pacific Premier Bancorp Inc. has recorded 25,304 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Pacific Premier Bank Ranked as the Ninth Best Bank in America by Forbes.
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Stocks Info
As a NASDAQ listed company, PPBI falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $27.70 and fluctuated between $28.18 as its day high and $26.38 as its day low. The current market capitalization of Pacific Premier Bancorp Inc. is $2.68B. A total of 1.45 million shares were traded on the day, compared to an average of 453.13K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PPBI has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 106,646 shares. Over the last 12 months, there were 47 BUYs and 35 SELLs from insiders. Insiders purchased 466,895 shares during that period but sold 305,566.
In the most recent transaction, Scott Sherri V. sold 600 shares of PPBI for 31.35 per share on Mar 06. After the transaction, the Sr.EVP,Dir ESG & Corp Respons. now owns 11,856 company shares. In a previous transaction on Feb 10, WILCOX EDWARD EARL sold 19,000 shares at 33.38 per share. PPBI shares that President & COO owns now total 153,782.
Among the insiders who sold shares, GARDNER STEVEN R disposed of 102,638 shares on Dec 19 at a per-share price of $31.56. This resulted in the Chairman, President & CEO holding 368,482 shares of PPBI after the transaction. In another insider transaction, GARRETT JOSEPH L sold 7,500 shares at $36.12 per share on Nov 16. Company shares held by the Director now total 82,415.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Pacific Premier Bancorp Inc. pays an annual dividend of $1.32, resulting in a dividend yield of 4.77%, and it has a price to earnings (P/E) ratio of 9.29. PPBI’s most recent ex-dividend date was 2/2/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 2/10/2023. Previously, the company paid the dividend on 11/10/2022 with an ex-dividend date of 10/28/2022. The PPBI stock dividend was $0.33 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PPBI in the last 3 months, the mean price target is $34.50 with high estimates of $38.00 and low estimates of $33.00. In terms of 52-week highs and lows, PPBI has a high of $38.14 and a low of $27.92.
As of this writing, PPBI has an earnings estimate of $0.72 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.66. The company reported an EPS of $0.77 in the last quarter, which was 1.30% higher than expectations of $0.76.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PPBI is Overweight with a score of 4.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
