Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pacific Premier Bancorp, Inc. shares valued at $28,704 were purchased by POLSKY BARBARA on Mar 21 ’24. At $23.92 per share, POLSKY BARBARA acquired 1,200 shares. The insider’s holdings grew to 14,507 shares worth approximately $0.32 million following the completion of this transaction.
Also, Karr Michael S sold 13,630 shares, netting a total of over 400,040 in proceeds. Following the sale of shares at $29.35 each, the insider now holds 34,580 shares.
Before that, Wright Lori R had sold 13,000 shares from its account. In a trade valued at $385,060, the Sr. EVP, Deputy CFO traded Pacific Premier Bancorp, Inc. shares for $29.62 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $0.61 million.
As published in a research note from Raymond James on January 30, 2024, Pacific Premier Bancorp, Inc. [PPBI] has been rated down from a Strong buy to an Outperform and the price target has been revised to $29 from $26. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early July. As of January 25, 2022, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for PPBI. Earlier on October 07, 2021, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for PPBI stock which previously was a “a Strong buy”.
Analyzing PPBI Stock Performance
During the last five days, there has been a drop of approximately -2.29%. Over the course of the year, Pacific Premier Bancorp, Inc. shares have dropped approximately -23.67%. Shares of the company reached a 52-week high of $29.50 on 01/02/24 and a 52-week low of $21.11 on 04/17/24. A 50-day SMA is recorded $22.75, while a 200-day SMA reached $23.70. Nevertheless, trading volume fell to 0.64 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Pacific Premier Bancorp, Inc. (PPBI)
According to the 24-hour chart, there is a support level at 21.74, which, if violated, would cause prices to drop to 21.25. In the upper region, resistance lies at 22.72. The next price resistance is at 23.21. RSI (Relative Strength Index) is 48.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 36.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
