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Sunday, December 3, 2023

The Street Is Finally Waking Up To Pacific Premier Bancorp, Inc. (NASDAQ: PPBI)

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 to $20.70. The Pacific Premier Bancorp, Inc. has recorded 246,681 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Pacific Premier Bancorp, Inc. Announces Third Quarter 2023 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share.

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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 $20.70 and fluctuated between $21.03 as its day high and $20.68 as its day low. The current market capitalization of Pacific Premier Bancorp, Inc. is $1.99B. A total of 0.54 million shares were traded on the day, compared to an average of 476.26K 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 39 SELLs from insiders. Insiders purchased 622,882 shares during that period but sold 390,474.

In the most recent transaction, GARRETT JOSEPH L sold 7,500 shares of PPBI for 18.70 per share on Nov 01. After the transaction, the Director now owns 85,426 company shares. In a previous transaction on May 23, Karr Michael S sold 12,848 shares at 20.53 per share. PPBI shares that SEVP & Chief Risk Officer owns now total 30,439.

Among the insiders who sold shares, Scott Sherri V. disposed of 1,600 shares on May 10 at a per-share price of $18.51. This resulted in the Sr.EVP,Dir ESG & Corp Respons. holding 20,440 shares of PPBI after the transaction. In another insider transaction, Scott Sherri V. sold 600 shares at $31.35 per share on Mar 06. Company shares held by the Sr.EVP,Dir ESG & Corp Respons. now total 11,856.


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 6.38%, and it has a price to earnings (P/E) ratio of 8.25. PPBI’s most recent ex-dividend date was 11/2/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 11/13/2023. Previously, the company paid the dividend on 8/14/2023 with an ex-dividend date of 8/4/2023. 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 $23.43 with high estimates of $25.00 and low estimates of $22.00. In terms of 52-week highs and lows, PPBI has a high of $37.50 and a low of $17.53.

As of this writing, PPBI has an earnings estimate of $Pioneer Power Solutions, Inc. per share for the current quarter. EPS was calculated based on a consensus of Pitney Bowes Inc. estimates, with a high estimate of $PHARMAGREEN BIOTECH INC per share and a lower estimate of $Purple Biotech Ltd.

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. Its Book Value Per Share was $29.78, while its Total Shareholder’s Equity was $2.89B.

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, 0 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 Buy with a score of 3.86.

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