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. Recently, Yahoo Finance discussed the stock, revealing that Pacific Premier Bancorp, Inc. to Announce Fourth Quarter 2023 Financial Results on January 29, 2024.
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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 $28.49 and fluctuated between $28.51 as its day high and $27.83 as its day low. The current market capitalization of Pacific Premier Bancorp, Inc. is $2.73B. A total of 0.53 million shares were traded on the day, compared to an average of 519.56K 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 1 BUY and 1 SELL insider trades, representing the acquisition of 7,500 and the disposition of 7,500 shares. Over the last 12 months, there were 43 BUYs and 38 SELLs from insiders. Insiders purchased 622,882 shares during that period but sold 287,836.
In the most recent transaction, Karr Michael S sold 13,630 shares of PPBI for 29.35 per share on Dec 19. After the transaction, the SEVP & Chief Risk Officer now owns 34,580 company shares. In a previous transaction on Dec 14, Wright Lori R sold 13,000 shares at 29.62 per share. PPBI shares that Sr. EVP, Deputy CFO owns now total 27,462.
Among the insiders who sold shares, RICE TOM disposed of 15,168 shares on Nov 30 at a per-share price of $22.61. This resulted in the SEVP/ Chief Innovation Officer holding 64,500 shares of PPBI after the transaction. In another insider transaction, WILCOX EDWARD EARL sold 16,415 shares at $22.77 per share on Nov 29. Company shares held by the President & COO now total 200,623.
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 4.64%, and it has a price to earnings (P/E) ratio of 11.36. 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 $29.00 with high estimates of $34.00 and low estimates of $22.00. In terms of 52-week highs and lows, PPBI has a high of $35.66 and a low of $17.53.
As of this writing, PPBI has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.45. The company reported an EPS of $0.6 in the last quarter, which was 3.40% higher than expectations of $0.58.
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.
