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Analysts review Pacific Premier Bancorp, Inc.’s rating

Pacific Premier Bancorp, Inc.’s filing revealed that its Director POLSKY BARBARA acquired Company’s shares for reported $28704.0 on Mar 21 ’24. In the deal valued at $23.92 per share,1,200 shares were bought. As a result of this transaction, POLSKY BARBARA now holds 14,507 shares worth roughly $0.34 million.

Then, Karr Michael S sold 13,630 shares, generating $400,040 in total proceeds. Upon selling the shares at $29.35, the SEVP & Chief Risk Officer now owns 34,580 shares.

Before that, Wright Lori R sold 13,000 shares. Pacific Premier Bancorp, Inc. shares valued at $385,060 were divested by the Sr. EVP, Deputy CFO at a price of $29.62 per share. As a result of the transaction, Wright Lori R now holds 27,462 shares, worth roughly $0.64 million.

Raymond James downgraded its Pacific Premier Bancorp, Inc. [PPBI] rating to an Outperform from a a Strong buy in a research note published on January 30, 2024; the price target was increased to $29 from $26. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early July from “an Outperform” to “a Strong buy”. Stephens also remained covering PPBI and has decreased its forecast on January 25, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on October 07, 2021. It rated PPBI as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of PPBI

On Tuesday, Pacific Premier Bancorp, Inc. [NASDAQ:PPBI] saw its stock jump 1.31% to $23.28. Over the last five days, the stock has gained 1.35%. Pacific Premier Bancorp, Inc. shares have fallen nearly -20.03% since the year began. Nevertheless, the stocks have risen 30.13% over the past one year. While a 52-week high of $30.13 was reached on 01/02/24, a 52-week low of $17.86 was recorded on 04/17/24. SMA at 50 days reached $22.73, while 200 days put it at $23.65. A total of 0.31 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For PPBI Stock

The 24-hour chart illustrates a support level at 23.05, which if violated will result in even more drops to 22.81. On the upside, there is a resistance level at 23.48. A further resistance level may holdings at 23.67. The Relative Strength Index (RSI) on the 14-day chart is 57.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.86%. Stochastics %K at 86.67% indicates the stock is a selling.

The most recent change occurred on May 26, 2021 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $48 price target.

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