Pacific Premier Bancorp Crosses Above 200-Day Moving Average

Pacific Premier Bancorp Inc (PPBI) shares crossed above their 200-day moving average of $23.36, reaching $23.58. The stock is currently trading up 3.6% and has a 52-week range of $18.06 to $30.28.

Pacific Premier Bancorp Inc. (PPBI) shares crossed above their 200-day moving average of $23.36, reaching a high of $23.58 on Wednesday. The stock is currently trading up about 3.6% on the day, according to data from Nasdaq [1]. This move comes as the stock has been trading within a 52-week range of $18.06 to $30.28, with the 52-week low being $18.06 and the high being $30.28 [1].

The 200-day moving average is a widely used technical indicator that helps investors identify trends in a stock's price. When a stock crosses above its 200-day moving average, it is often seen as a bullish signal, indicating that the stock may continue to rise. However, it is important to note that this is a technical indicator and should not be used as the sole basis for investment decisions.

Pacific Premier Bancorp Inc. is a bank holding company that provides various banking products and services to businesses, professionals, real estate investors, and non-profit organizations in the United States. The company's loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, small business administration (SBA), and SBA paycheck protection program loans; revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans. It also offers cash management, electronic banking, treasury management, and online bill payment services [2].

Analysts have given Pacific Premier Bancorp a consensus rating of Moderate Buy, with a forecasted upside of 33.1% from its current price of $21.33 to a price target of $28.40 [2]. The company has a dividend yield of 5.96%, putting it in the top 25% of dividend-paying stocks. However, the company's earnings are expected to decrease by -5.08% in the coming year, from $2.36 to $2.24 per share [2].

Institutional ownership of Pacific Premier Bancorp is high, with 92.02% of the stock held by institutions. This high level of institutional ownership can be a signal of strong market trust in the company [2].

Overall, the crossing of Pacific Premier Bancorp's shares above their 200-day moving average is a positive sign for the stock. However, investors should consider the company's earnings outlook and other factors before making any investment decisions.

References:
[1] https://www.nasdaq.com/articles/ppbi-crosses-above-key-moving-average-level
[2] https://www.marketbeat.com/stocks/NASDAQ/PPBI/