Stock Rating Upgrade
The Value Trend Rating for Pacific Premier Bancorp Inc (NASDAQ: PPBI) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Pacific Premier Bancorp Inc (NASDAQ: PPBI) stock closed at $25.16 on 8/16/24 after a large increase of 2.1%. However, below average trading volume at 70% of normal accompanied the advance. The stock has risen 2.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PPBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Pacific Premier Bancorp has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Pacific Premier Bancorp has a slightly positive Appreciation Score of 64 but a poor Power Rating of 21, leading to the Low Neutral Value Trend Rating.
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