Pacific Premier Bancorp, Inc (NASDAQ:PPBI) price on Friday, June 13, fall -3.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.59.
A look at the stock’s price movement, the close in the last trading session was $21.27. The PE ratio in trailing twelve months stood at 13.45. Turning to its 52-week performance, $30.28 and $18.06 were the 52-week high and 52-week low respectively. Overall, PPBI moved -8.41% over the past month.
Pacific Premier Bancorp, Inc’s market cap currently stands at around $2.00 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.32, with its dividend yield at 6.41%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend PPBI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PPBI’s current price about -3.61% and -0.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.37, while 7-day volatility ratio is 1.59% and 1.87% in the 30-day chart. Further, Pacific Premier Bancorp, Inc (PPBI) has a beta value of 1.13, and an average true range (ATR) of 0.63. Analysts have given the company’s stock an average 52-week price target of $31, forecast between a low of $26 and high of $41. Looking at the price targets, the low is -26.27% off current price level while to achieve the yearly target high, price needs to move -99.13%. Nonetheless, investors will most likely welcome a -50.56% jump to $31 which is the analysts’ median price.
If we refocus on Pacific Premier Bancorp, Inc (NASDAQ:PPBI), historical trading data shows that trading volumes averaged 976.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 97.07 million shares.
The 2.37% of Pacific Premier Bancorp, Inc’s shares are in the hands of company insiders while institutional holders own 93.59% of the company’s shares. Current price change has pushed the stock -17.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PPBI stock continues to rise going into the next quarter.
