PPBI Stock Dives 5.43% Amid Market Volatility

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Nov 07, 2024
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Pacific Premier Bancorp Inc. (PPBI, Financial) saw a significant drop in its stock price, plunging 5.43%, reaching $27.44 per share. The trading volume recorded was 347,428 shares, with a turnover rate of 0.36% and a fluctuation range of 3.71%.

The latest financial report revealed revenue of $224 million and a net profit of $35.31 million, resulting in earnings per share of $0.37. The price-to-earnings (P/E) ratio stands at a negative 212.58, as gross profit data is currently unavailable. At present, there are no buy, hold, or sell recommendations from financial institutions for this stock.

Within the banking sector, which saw an overall decline of 1.57%, some related stocks showed significant activity. Notable gainers included Fanhua Inc., Loandepot, Inc., and Midsouth Bancorp. Uwm Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. were among the more actively traded stocks, with turnover rates of 2.32%, 1.91%, and 1.41% respectively. Stocks such as Better Home & Finance Holding C/Wts 22/08/2028(To Pur Com), Fanhua Inc., and American Century Bank exhibited notable price swings, with ranges of 20.43%, 16.36%, and 11.99% respectively.

Pacific Premier Bancorp Inc. provides a variety of banking services through its subsidiaries, including cash management, electronic banking, credit services, and retirement accounts.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.