In yesterday’s Wall Street session, Pacific Premier Bancorp, Inc (NASDAQ:PPBI) shares traded at $28.73, down -0.45% from the previous session.
PPBI stock price is now 9.28% away from the 50-day moving average and 18.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2.77B.
With the price target enhanced from $26 to $29, Raymond James Downgraded its rating from Strong Buy to Outperform for Pacific Premier Bancorp, Inc (NASDAQ: PPBI). On July 07, 2022, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock reducing its target price from $41 to quote $35, while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, Ohlhaver Margaret S., Sr.EVP, Chf Human Res. Officer sold 9,273 shares of the company’s stock on Nov 07 ’24. The stock was sold for $259,255 at an average price of $27.96. Upon completion of the transaction, the Sr.EVP, Chf Human Res. Officer now directly owns 25,475 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Officer Ohlhaver Margaret S. bought 9,273 shares of the business’s stock. A total of $259,254 was incurred on buying the stock at an average price of $27.96. A total of 2.29% of the company’s stock is owned by insiders.
During the past 12 months, Pacific Premier Bancorp, Inc has had a low of $20.52 and a high of $30.28. The fifty day moving average price for PPBI is $26.214 and a two-hundred day moving average price translates $24.14285 for the stock.
The latest earnings results from Pacific Premier Bancorp, Inc (NASDAQ: PPBI) was released for 2024-09-30. The net profit margin was -1.97% and return on equity was -0.46% for PPBI. The company reported revenue of $205.63 million for the quarter, compared to $224.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.23 percent.
