A major move is in the offing as Pacific Premier Bancorp, Inc. (PPBI) market cap hits 2.54 billion

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) on Monday, plunged -3.84% from the previous trading day, before settling in for the closing price of $27.34. Within the past 52 weeks, PPBI’s price has moved between $17.86 and $30.13.

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Financial Sector giant saw their annual sales surged by 9.31% over the last five years. The company achieved an average annual earnings per share of -26.92%. With a float of $94.21 million, this company’s outstanding shares have now reached $95.86 million.

The firm has a total of 1345 workers. Let’s measure their productivity.

Pacific Premier Bancorp, Inc. (PPBI) Insider Activity

Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Pacific Premier Bancorp, Inc. is 2.30%, while institutional ownership is 93.98%. The most recent insider transaction that took place on May 15 ’24, was worth 110,132. In this transaction Sr. EVP, Deputy CFO of this company sold 4,668 shares at a rate of $23.59, taking the stock ownership to the 31,259 shares. Before that another transaction happened on May 13 ’24, when Company’s Pres. of Pacific Premier Trust bought 43 for $23.14, making the entire transaction worth $1,000. This insider now owns 24,152 shares in total.

Pacific Premier Bancorp, Inc. (PPBI) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -26.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to -32.97% drop over the previous five years of trading.

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) Trading Performance Indicators

Pacific Premier Bancorp, Inc. (PPBI) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.67. Likewise, its price to free cash flow for the trailing twelve months is 13.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.04, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.56 in one year’s time.

Technical Analysis of Pacific Premier Bancorp, Inc. (PPBI)

Analysing the last 5-days average volume posted by the [Pacific Premier Bancorp, Inc., PPBI], we can find that recorded value of 0.74 million was better than the volume posted last year of 0.54 million. As of the previous 9 days, the stock’s Stochastic %D was 39.06%. Additionally, its Average True Range was 1.01.

During the past 100 days, Pacific Premier Bancorp, Inc.’s (PPBI) raw stochastic average was set at 72.31%, which indicates a significant increase from 64.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.31% in the past 14 days, which was higher than the 35.42% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $23.20, while its 200-day Moving Average is $23.73. Now, the first resistance to watch is $27.10. This is followed by the second major resistance level at $27.92. The third major resistance level sits at $28.35. If the price goes on to break the first support level at $25.85, it is likely to go to the next support level at $25.42. Should the price break the second support level, the third support level stands at $24.60.

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) Key Stats

Market capitalization of the company is 2.54 billion based on 96,432K outstanding shares. Right now, sales total 714,070 K and income totals 30,850 K. The company made 226,280 K in profit during its latest quarter, and 41,910 K in sales during its previous quarter.