Pacific Premier Bancorp, Inc’s filing revealed that its Sr.EVP, Chf Human Res. Officer Ohlhaver Margaret S. unloaded Company’s shares for reported $0.26 million on Nov 07 ’24. In the deal valued at $27.96 per share,9,273 shares were sold. As a result of this transaction, Ohlhaver Margaret S. now holds 25,475 shares worth roughly $0.74 million.
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Then, Ohlhaver Margaret S. bought 9,273 shares, generating $259,254 in total proceeds.
Before that, JONES JEFF C sold 11,251 shares. Pacific Premier Bancorp, Inc shares valued at $265,749 were divested by the Director at a price of $23.62 per share. As a result of the transaction, JONES JEFF C now holds 123,794 shares, worth roughly $3.6 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 Monday, Pacific Premier Bancorp, Inc [NASDAQ:PPBI] saw its stock jump 1.32% to $29.11. Over the last five days, the stock has gained 5.39%. Nevertheless, the stocks have risen 27.73% over the past one year. While a 52-week high of $30.13 was reached on 11/25/24, a 52-week low of $20.52 was recorded on 06/10/24. SMA at 50 days reached $26.13, while 200 days put it at $24.12.
Levels Of Support And Resistance For PPBI Stock
The 24-hour chart illustrates a support level at 28.59, which if violated will result in even more drops to 28.06. On the upside, there is a resistance level at 29.96. A further resistance level may holdings at 30.80. The Relative Strength Index (RSI) on the 14-day chart is 65.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.00%. Stochastics %K at 70.84% 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 2024-10-31, dropping by -0.64 million shares to a total of 1.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.24 million shares. There was a decline of -40.02%, 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.
