Pacific Premier Bancorp Inc (NASDAQ: PPBI) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in fundamentals have recently occurred for Pacific Premier Bancorp Inc (NASDAQ: PPBI): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PPBI is expected to continue to be a modest Value Builder.
Pacific Premier Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pacific Premier Bancorp has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 47, producing the Neutral Value Trend Rating.
Recent Price Action
Pacific Premier Bancorp Inc (NASDAQ: PPBI) stock rose slightly by 0.3% on 12/6/23. The stock closed at $25.23. Moreover, unusually high trading volume at 154% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 13.3% during the last week.
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