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Featured MNV Articles:
| Snatch This Bargain 5.7% Yielder Even Cheaper Than Director Polsky DidBy Dividend Channel Staff, Tuesday, March 26, 12:30 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 21, Pacific Premier Bancorp Inc's Director, Barbara Polsky, invested $28,704.00 into 1,200 shares of PPBI, for a cost per share of $23.92. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) and achieve a cost basis 4.6% cheaper than Polsky, with shares changing hands as low as $22.82 per share. Pacific Premier Bancorp Inc shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of PPBI shares, versus its 200 day moving average:
Looking at the chart above, PPBI's low point in its 52 week range is $17.53 per share, with $30.13 as the 52 week high point — that compares with a last trade of $23.27. By comparison, below is a table showing the prices at which PPBI insider buying was recorded over the last six months:
The current annualized dividend paid by Pacific Premier Bancorp Inc is $1.32/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/08/2024. Below is a long-term dividend history chart for PPBI, which can be of good help in judging whether the most recent dividend with approx. 5.7% annualized yield is likely to continue.
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