Pacific Premier Bancorp, Inc (NASDAQ:PPBI) shares, rose in value on Friday, May 09, with the stock price up by 0.05% to the previous day’s close as strong demand from buyers drove the stock to $21.34.
Actively observing the price movement in the last trading, the stock closed the session at $21.33. The PE ratio was 13.94 over 12-month period. Referring to stock’s 52-week performance, its high was $30.28, and the low was $18.06. On the whole, PPBI has fluctuated by 6.59% over the past month.
With the market capitalization of Pacific Premier Bancorp, Inc currently standing at about $2.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.32, with its dividend yield at 6.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 595.73M, with a low estimate of 146.2M and a high estimate of 150.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 147.67M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PPBI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PPBI currently trading nearly 5.63% and 1.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.66, while the 7-day volatility ratio is showing 3.31% which for the 30-day chart, stands at 4.20%. Furthermore, Pacific Premier Bancorp, Inc (PPBI)’s beta value is 1.14, and its average true range (ATR) is 0.84.
A comparison of Pacific Premier Bancorp, Inc (PPBI) with its peers suggests the former has fared considerably weaker in the market. PPBI showed an intraday change of 0.05% in last session, and over the past year, it shrunk by -7.10%%.
Data on historical trading for Pacific Premier Bancorp, Inc (NASDAQ:PPBI) indicates that the trading volumes over the past 3 months, they’ve averaged 921.67K. According to company’s latest data on outstanding shares, there are 97.07 million shares outstanding.
Nearly 2.37% of Pacific Premier Bancorp, Inc’s shares belong to company insiders and institutional investors own 93.86% of the company’s shares. The stock has fallen by -14.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PPBI stock heading into the next quarter.
