Pacific Premier Bancorp, Inc [NASDAQ: PPBI] price surged by 5.62 percent to reach at $1.13.
The one-year PPBI stock forecast points to a potential upside of 15.88. The average equity rating for PPBI stock is currently 2.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Pacific Premier Bancorp, Inc [PPBI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPBI shares is $25.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PPBI stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Pacific Premier Bancorp, Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 30, 2024. While these analysts kept the previous recommendation, Raymond James dropped their target price from $41 to $35. The new note on the price target was released on July 07, 2022, representing the official price target for Pacific Premier Bancorp, Inc stock. Previously, the target price had yet another drop from $50 to $45, while Stephens kept a Equal-Weight rating on PPBI stock. On October 07, 2021, analysts increased their price target for PPBI shares from 45 to 47.
The Average True Range (ATR) for Pacific Premier Bancorp, Inc is set at 1.03, with the Price to Sales ratio for PPBI stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 0.69. Price to Free Cash Flow for PPBI in the course of the last twelve months was 9.20.
PPBI Stock Performance Analysis:
Pacific Premier Bancorp, Inc [PPBI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.67. With this latest performance, PPBI shares dropped by -2.93% in over the last four-week period, additionally sinking by -16.80% over the last 6 months – not to mention a drop of -4.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PPBI stock in for the last two-week period is set at 57.12, with the RSI for the last a single of trading hit 66.74, and the three-weeks RSI is set at 51.52 for Pacific Premier Bancorp, Inc [PPBI]. The present Moving Average for the last 50 days of trading for this stock 21.76, while it was recorded at 19.90 for the last single week of trading, and 24.73 for the last 200 days.
Insight into Pacific Premier Bancorp, Inc Fundamentals:
Pacific Premier Bancorp, Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.17.
Pacific Premier Bancorp, Inc [PPBI] Institutonal Ownership Details
There are presently around $95.90%, or 97.87%% of PPBI stock, in the hands of institutional investors. The top three institutional holders of PPBI stocks are: BLACKROCK INC. with ownership of 14.0 million shares, which is approximately 14.7926%. VANGUARD GROUP INC, holding 11.24 million shares of the stock with an approximate value of $$258.07 million in PPBI stocks shares; and VANGUARD GROUP INC, currently with $$129.65 million in PPBI stock with ownership which is approximately 5.9822%.
