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25.10
1.29%
0.32
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25.10
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Why is Pacific Premier Bancorp Inc (PPBI) Stock down?
We've noticed a 5.95% decline in Pacific Premier Bancorp Inc (PPBI) stock during the 2024-10-24 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
24 Oct, 2023:
Shares of Pacific Premier Bancorp (PPBI) dropped by 7.97% from $20.46 to $18.83 in the trading on Tuesday, October 24, 2023. The reason why PPBI stock down is due to the company's lower-than-expected Q3 results
- Earnings: Pacific Premier Bancorp reported quarterly earnings of $0.48 per share, falling short of the Zacks Consensus Estimate of $0.56 per share, and down from $0.77 per share in the previous year, after adjusting for non-recurring items. This results in an earnings surprise of -14.29%.
- Revenue: In terms of revenue, the company posted $168.1 million for the quarter ending in September 2023, missing the Zacks Consensus Estimate by 3.97% and declining from $201.28 million in the same period last year.
1.59%
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