Currently, there are 96.46M common shares owned by the public and among those 94.32M shares have been available to trade.
The company’s stock has a 5-day price change of -2.52% and -11.06% over the past three months. PPBI shares are trading 0.96% year to date (YTD), with the 12-month market performance up to 7.06% higher. It has a 12-month low price of $20.52 and touched a high of $30.28 over the same period. PPBI has an average intraday trading volume of 505.99K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.24%, -1.53%, and 1.13% respectively.
Institutional ownership of Pacific Premier Bancorp, Inc (NASDAQ: PPBI) shares accounts for 95.05% of the company’s 96.46M shares outstanding.
It has a market capitalization of $2.43B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 15.27, while the earnings-per-share (ttm) stands at $1.65. The company has a debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.33% over the week and 2.69% over the month.
Earnings per share for the fiscal year are expected to decrease by -20.81%, and 18.11% over the next financial year.
Looking at the support for the PPBI, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on January 30, 2024, with the firm’s price target at $26-$29. Raymond James coverage for the Pacific Premier Bancorp, Inc (PPBI) stock in a research note released on July 07, 2022 offered a Strong Buy rating with a price target of $35. Stephens was of a view on January 25, 2022 that the stock is Equal-Weight, while Raymond James gave the stock Outperform rating on October 07, 2021, issuing a price target of $45- $47. Wedbush on their part issued Neutral rating on May 26, 2021.
