Pacific Premier Bancorp Inc (NASDAQ: PPBI) has reported earnings for its third fiscal quarter (ending September 30) of $0.37 versus $0.48 for the same period a year ago — a decline of -23%. For the latest four quarters through September 30, E.P.S. were $-0.14 versus $2.52 for the same period a year ago — a decline of -106%.
Recent Price Action
Pacific Premier Bancorp Inc (NASDAQ: PPBI) stock closed at $25.01 on 10/24/24 after a decline of -3.3%. Moreover, above average trading volume at 129% of normal accompanied the decline. The stock has declined -7.9% during the last week and has performed in line with 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 (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pacific Premier Bancorp has a neutral Power Rating of 59 and a slightly positive Appreciation Score of 64, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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