Pacific Premier Bancorp exec acquires $1,000 in inventory

May 16, 2024 | blog

In a current transaction, Tamara Wendoll, the President of Pacific Premier Trust, a division of Pacific Premier Bancorp Inc. (NASDAQ:), acquired shares of the corporate’s frequent inventory. The buy, which happened on May 13, 2024, concerned 43.234 shares at a value of $23.135 per share, amounting to a complete of $1,000.

This acquisition is a part of the corporate’s dividend reinvestment plan, which is sponsored by a broker-dealer. Following this transaction, Wendoll’s direct possession in Pacific Premier Bancorp Inc. has elevated to a complete of 24,152.234 shares. It is necessary to notice that this determine consists of 21,078 shares of restricted inventory. These shares are topic to a vesting schedule and could also be forfeited below sure circumstances as specified within the restricted inventory grant.

The buy displays a continued dedication by the chief to the corporate, as taking part within the dividend reinvestment plan typically indicators confidence within the agency’s future prospects. As President of one of many firm’s divisions, Wendoll’s funding selections are carefully watched by traders and market analysts.

Pacific Premier Bancorp Inc., headquartered in Irvine, California, operates as a state industrial financial institution and is included in Delaware. The firm, via its subsidiaries, gives banking services and products to companies, professionals, and people within the United States.

Investors and stakeholders of Pacific Premier Bancorp Inc. can keep knowledgeable concerning the firm’s newest monetary transactions and government inventory possession via common disclosures to the Securities and Exchange Commission.

InvestingPro Insights

Following the current inventory acquisition by Tamara Wendoll, President of Pacific Premier Trust, traders could acquire further insights into Pacific Premier Bancorp Inc. (NASDAQ:PPBI) via metrics and evaluation offered by InvestingPro. The firm’s Market Cap stands at $2.26 billion, reflecting its present valuation out there. However, the excessive P/E Ratio of 166.45, which adjusts to 176.02 for the final twelve months as of Q1 2024, signifies that the inventory is buying and selling at a premium relative to its earnings. This might be a sign to traders concerning the market’s development expectations for the corporate.

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Despite a notable decline in income development of -46.13% during the last twelve months as of Q1 2024, the InvestingPro Tips level out that internet earnings is predicted to develop this yr, which can counsel a possible turnaround or value administration enhancements. Additionally, the corporate’s dividend yield stands at a considerable 5.63%, which can attraction to income-focused traders, particularly contemplating the chief’s participation within the dividend reinvestment plan.

Investors ought to observe that whereas Pacific Premier Bancorp Inc. is forecasted to be worthwhile this yr, with a constructive primary and diluted EPS of $0.14, the corporate can also be experiencing weak gross revenue margins. This might be a priority for these wanting on the basic well being of the corporate. Moreover, the presence of seven analysts revising their earnings downwards for the upcoming interval additional provides a layer of warning.

For these seeking to delve deeper into Pacific Premier Bancorp Inc.’s financials and future outlook, InvestingPro gives further evaluation and metrics. By utilizing the coupon code PRONEWS24, traders can get a further 10% off a yearly or biyearly Pro and Pro+ subscription, offering entry to a complete of 6 InvestingPro Tips for Pacific Premier Bancorp Inc. at These ideas might be invaluable for making knowledgeable funding selections.

This article was generated with the help of AI and reviewed by an editor. For extra info see our T&C.

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