As of January 30, 2024, the recent assessments and price targets for Pacific Premier Bancorp (NASDAQ: PPBI) offer a comprehensive outlook on the company’s performance. Over the past three months, four analysts have shared their ratings, presenting a diverse range of perspectives from bullish to bearish. The 12-month price targets indicate an average target of $27.75, with a high estimate of $31.00 and a low estimate of $25.00. This signifies a positive shift compared to the previous average price target of $24.50.
Analyzing the Analyst Ratings
– Bullish: 1
– Somewhat Bullish: 2
– Indifferent: 1
– Somewhat Bearish: 0
– Bearish: 0
Key Insights from Analyst Actions:
– David Feaster, an analyst from Raymond James, upgraded the rating to Outperform and raised the current price target to $29.00 from $26.00.
– Christopher Mcgratty from Keefe, Bruyette & Woods increased the rating to Market Perform and set a current price target of $25.00, up from $24.00.
– Matthew Clark, an analyst at Piper Sandler, raised the rating to Overweight and set a current price target of $31.00, up from $25.00.
– David Feaster from Raymond James also upgraded the rating to Strong Buy and set a current price target of $26.00, up from $23.00.
The average price target from the seven ratings stands at $29.00, with a high estimate of $34.00 and a low estimate of $24.00. Additionally, the stock holds a Smart Score of 6, based on various data sets, including analyst recommendations and crowd wisdom. The 12-month price forecasts from the seven analysts indicate a median target of $29.00.
These valuable insights provide a comprehensive understanding of the current sentiments and price targets for Pacific Premier Bancorp, as evaluated by financial analysts.
January 30, 2024: Pacific Premier Bancorp Inc. (PPBI) Stock Performance Declines Slightly
On January 30, 2024, Pacific Premier Bancorp Inc. (PPBI) experienced a slight decline in its stock performance. According to data from CNN Money, PPBI is currently trading in the middle of its 52-week range and is above its 200-day simple moving average. This indicates that the stock has been relatively stable and is not currently experiencing any significant upward or downward momentum.
The price of PPBI shares dropped by $1.03 since the market last closed, representing a 3.67% decrease. This decline can be seen as a negative indicator for investors, as it suggests a decrease in the value of the stock. PPBI closed at $27.03, which is the price at which the stock was last traded during regular market hours.
After-hours trading refers to the period of time after the regular trading session ends, where investors can continue to buy and sell stocks. In the case of PPBI, the stock remained unchanged during this after-hours trading period. This suggests that there was no significant movement in the stock’s price after the market closed, and investors were not actively trading PPBI shares during this time.
Overall, the stock performance of PPBI on January 30, 2024, was relatively stable, with a slight decline in price during regular trading hours. However, it is important to note that stock prices can fluctuate and that past performance is not always indicative of future results. Investors should carefully consider their investment strategies and conduct thorough research before making any investment decisions.
PPBI Stock Performance: Decline in Revenue, Net Income, and EPS Raises Concerns
PPBI stock performances on January 30, 2024, were a mixed bag. According to data from CNN Money, the total revenue for the company in the past year was $713.85 million, representing a decrease of 16.74% compared to the previous year. However, there was no change in revenue since the last quarter.
The net income for PPBI in the past year was $28.79 million, showing a significant decrease of 89.73% compared to the previous year. Similarly, the net income in the last quarter was -$135.94 million, which represents no change since the previous quarter.
One of the most concerning figures is the earnings per share (EPS). In the past year, the EPS was $0.31, showing a decrease of 89.75% compared to the previous year. However, the EPS in the last quarter was -$1.44, indicating a staggering decrease of 400.83% since the previous quarter.
These figures suggest that PPBI has been facing challenges in maintaining its revenue and profitability. The decrease in total revenue and net income over the past year indicates that the company has not been able to generate as much revenue and profit as it did in the previous year. This could be attributed to various factors such as increased competition, changing market dynamics, or internal operational issues.
The negative net income in the last quarter is particularly concerning as it indicates that the company incurred losses during this period. This could be due to one-time expenses, write-offs, or other factors affecting the company’s financial performance. However, the fact that there was no change in net income since the previous quarter suggests that the company was able to stabilize its losses.
The most alarming figure is the EPS, which has seen a significant decline both in the past year and the last quarter. This indicates that the company’s profitability has been severely impacted, and investors might be concerned about the company’s ability to generate returns.
Overall, the stock performances of PPBI on January 30, 2024, reflect a challenging financial situation for the company. The decline in total revenue, net income, and EPS raise concerns about the company’s ability to generate profit and sustain its operations. Investors should closely monitor the company’s financial performance and future strategies to assess its potential for recovery and growth.
