The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pacific Premier Bancorp, Inc shares valued at $276,492 were sold by Karr Michael S on Dec 17 ’24. At $26.87 per share, Karr Michael S sold 10,290 shares. The insider’s holdings dropped to 79,474 shares worth approximately $1.94 million following the completion of this transaction.
Also, Karr Family Trust UAD 2/15/05 purchased 10,290 shares, netting a total of over 277,000 in proceeds.
Before that, Ohlhaver Margaret S. had sold 9,273 shares from its account. In a trade valued at $259,255, the Sr.EVP, Chf Human Res. Officer traded Pacific Premier Bancorp, Inc shares for $27.96 each. Upon closing the transaction, the insider’s holdings decreased to 9,273 shares, worth approximately $0.62 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 surge of approximately 1.96%. Over the course of the year, Pacific Premier Bancorp, Inc shares have dropped approximately -2.01%. Shares of the company reached a 52-week high of $25.58 on 01/06/25 and a 52-week low of $22.61 on 01/13/25. A 50-day SMA is recorded $26.41, while a 200-day SMA reached $24.58. Nevertheless, trading volume fell to 0.55 million shares from 0.4 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 24.20, which, if violated, would cause prices to drop to 23.98. In the upper region, resistance lies at 24.65. The next price resistance is at 24.88. RSI (Relative Strength Index) is 43.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 39.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
