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Raymond James gives an Outperform recommendation for Pacific Premier Bancorp, Inc. (PPBI)

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Pacific Premier Bancorp, Inc.’s recent filing unveils that its Former Director GARRETT JOSEPH L acquired Company’s shares for reported $0.2 million on Jul 26 ’24. In the deal valued at $26.74 per share,7,500 shares were bought.

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Then, Wright Lori R sold 4,668 shares, generating $110,132 in total proceeds. Upon selling the shares at $23.59, the Sr. EVP, Deputy CFO now owns 31,259 shares.

Before that, Wendoll Tamara bought 43 shares. Pacific Premier Bancorp, Inc. shares valued at $1,000 were divested by the Pres. of Pacific Premier Trust at a price of $23.14 per share. As a result of the transaction, Wendoll Tamara now holds 24,152 shares, worth roughly $0.61 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 fall -2.00% to $25.42. Over the last five days, the stock has gained 3.88%. Pacific Premier Bancorp, Inc. shares have fallen nearly -12.68% since the year began. Nevertheless, the stocks have risen 12.98% 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 06/10/24. SMA at 50 days reached $24.45, while 200 days put it at $24.20.

Levels Of Support And Resistance For PPBI Stock

The 24-hour chart illustrates a support level at 25.23, which if violated will result in even more drops to 25.03. On the upside, there is a resistance level at 25.66. A further resistance level may holdings at 25.89. The Relative Strength Index (RSI) on the 14-day chart is 52.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.02%. Stochastics%K at 75.19% indicates the stock is a holding.

How much short interest is there in Pacific Premier Bancorp, Inc.?

A steep rise in short interest was recorded in Pacific Premier Bancorp, Inc. stocks on 2024-07-31, growing by 47962.0 shares to a total of 1.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.93 million shares. There was a rise of 2.43%, which implies that there is a positive sentiment for the stock.

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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