Pacific Premier Bancorp Inc. (NASDAQ:PPBI) went up by 2.99% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Banks – Regional giant went up by $21.68 to trade ended Tuesday trading at $21.05. This is up from the $21.05 price recorded on Monday’s trading session. Its performance from the start of the year has also been negative, with PPBI down by -33.51% year-to-date.
Pacific Premier Bancorp Inc. (PPBI) started the day trading at $20.85 and recorded an intraday high of $21.8. It also recorded an intraday low of $20.665 during Tuesday’s trading session. Pacific Premier Bancorp Inc. is a very active stock that recorded a trading volume that is less than -14.27% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 600159, which is less than -14.27 of the total average daily trading volume of 685.80K.
Pacific Premier Bancorp Inc. (NASDAQ:PPBI) 2020 Performance Impressive
The increase in PPBI’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PPBI currently stands at $34.90, which is higher than the current trading price of the stock by 37.88%. However, PPBI’s current trading price is -55.64% lower than the 52-week low price of $13.93. In terms of trading volume, Pacific Premier Bancorp Inc. currently experienced healthy participation during the last trading session. 600159 shares of Pacific Premier Bancorp Inc. were traded on the stock exchange on Tuesday, which is less than -14.27% of the 685.80K average trading volume of the stock.
The performance of the stock has been positive over the past year. PPBI’s performance over the past one year has seen it plunge by -29.24%, while the stock has gone down by -33.31% in the last six months. The quarterly performance of PPBI currently stands at 15.07%, and it is down by -1.94% in the last month. The only positive figure was from the weekly performance, which currently reads 2.55%. At the time of writing PPBI’s report, the company has a total market cap of $2.17B, making it one of the largest publicly-traded companies in the world.Pacific Premier Bancorp Inc. also has over 989 employees all over the world.
PPBI Insider Activities
For Pacific Premier Bancorp Inc., insiders hold 58.80% of all company shares. The insider transactions over the past six months are up by 19.90%. During that period, insiders bought 331,944 shares in 44 transactions. In that same period, insiders sold 54,906 of their shares in 14 transactions. After these transactions, insiders at Pacific Premier Bancorp Inc. now hold 1.94M shares, which is over 89.61% of the total company stocks. Institutional investors currently hold a large chunk of the PPBI shares, as they control 3.23% of the company’s total stock.
PPBI Fundamental Analysis
For Pacific Premier Bancorp Inc., the stock’s diluted earnings per share (EPS) stands at 2.42. In the coming year, analysts expect the EPS to be 2.15. The stock’s EPS growth this year is 16.70%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Pacific Premier Bancorp Inc.’s quarterly sales (YOY) is shrinking at -0.62, which is lower than the average annual revenue of 22.10% over the past half a decade.
The Return on Investment (ROI) on Pacific Premier Bancorp Inc.’s stock currently stands at 17.20%, and it has a net profit margin of 28.00%. The operating margin of the company is 85.00%.
PPBI Analysts Prediction
Another analyst that has a Outperform rating for PPBI is FBR & Co., which set a price target of between $40 and $44. FBR & Co. reiterate their Mkt Perform position on the stock ($38 and $40)
Analysts at FBR Capital believe that PPBI is Outperform, and they have a price target of between $28 and $29. DA Davidson and Sterne Agee also believe that Pacific Premier Bancorp Inc.’s stock is outperforming at the moment.
PPBI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PPBI currently stands at -1.24%, while the SMA50 is 5.65%. The biggest one is the SMA200, which is currently reading -19.08% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 51.55, while its price to earnings ratio (P/E) is 8.95.