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Pacific Premier Bancorp, Inc. [PPBI] Insider Activity: An Update for Investors

Pacific Premier Bancorp, Inc.’s recent filing unveils that its Director JONES JEFF C unloaded Company’s shares for reported $0.27 million on Sep 09 ’24. In the deal valued at $23.62 per share,11,251 shares were sold. As a result of this transaction, JONES JEFF C now holds 123,794 shares worth roughly $3.3 million.

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Then, WILCOX EDWARD EARL sold 30,499 shares, generating $720,691 in total proceeds. Upon selling the shares at $23.63, the President & COO now owns 230,592 shares.

Before that, WILCOX EDWARD EARL bought 30,499 shares. Pacific Premier Bancorp, Inc. shares valued at $720,677 were divested by the Officer at a price of $23.63 per share.

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 1.06% to $26.67. Over the last five days, the stock has gained 8.77%. Pacific Premier Bancorp, Inc. shares have fallen nearly -8.38% since the year began. Nevertheless, the stocks have risen 26.64% 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 $24.79, while 200 days put it at $24.14.

Levels Of Support And Resistance For PPBI Stock

The 24-hour chart illustrates a support level at 26.25, which if violated will result in even more drops to 25.84. On the upside, there is a resistance level at 27.21. A further resistance level may holdings at 27.76. The Relative Strength Index (RSI) on the 14-day chart is 65.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.45%. Stochastics %K at 90.83% indicates the stock is a selling.

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 2024-09-30, dropping by -0.16 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.4 million shares. There was a decline of -7.14%, which implies that there is a negative 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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