Pacific Premier Bancorp Named High Dividend Stock with Insider Buys and Return of 3.06% (PPBI)

IIn this series, we look at the most recent Dividend Channel “DividendRank” report and then select only companies that have been the subject of insider buying in the past six months. Executives and directors of a company tend to have a unique insider perspective on the company, and the only reason an insider would choose to take their hard-earned money and use it to buy stocks is in the open market is that he expects to make money – maybe they find the stock very undervalued, or maybe they see some exciting progress within the company, or maybe both. So when stocks come up that see insiders buy and are also top ranked, investors are advised to take note. One of these companies is Pacific Premier Bancorp Inc (ticker: PPBI), which was purchased by director Jaynie M. Studenmund.

On June 9, Studenmund invested $ 195,678.00 in 4,200 shares of PPBI, at a cost per share of $ 46.59. In Wednesday’s trading, bargain hunters could buy shares of Pacific Premier Bancorp Inc (ticker: PPBI) and achieve a base cost 7.9% cheaper than Studenmund, with shares changing hands as low as $ 42.90 per share. It should be noted that Studenmund has received $ 0.66 / share in dividends since the time of their purchase, so they are currently down 6.5% on their purchase on a total return basis. Shares of Pacific Premier Bancorp Inc are currently trading at + 1.09% on this day. The chart below shows the one-year performance of PPBI stocks, compared to its 200-day moving average:

Looking at the chart above, PPBI’s low point in its 52-week range is $ 25.24 per share, with $ 47.46 as a 52-week high, compared with a last trade of 43.58. $. For comparison, here’s a table showing the prices at which insider buys were recorded in the past six months:

Purchased Initiated Title Actions Price / share Value
06/09/2021 Jaynie M. Studenmund Director 4,200 $ 46.59 $ 195,678.00

The DividendRank report noted that among the hedging universe, PPBI stocks displayed both attractive valuation metrics and strong profitability metrics. The report also cited the solid history of Pacific Premier Bancorp Inc’s quarterly dividends and long-term favorable multi-year growth rates in key fundamental data points.

The report said, “Dividend investors who approach investing from a value perspective are generally more interested in finding the strongest, most profitable companies, which are also trading at an attractive valuation. This is what we seek to find by using our exclusive DividendRank formula, which ranks the hedging universe according to our various profitability and valuation criteria, to generate a list of the most “interesting” stocks, intended for investors. as a source of ideas that deserves further research. ”

The annualized dividend paid by Pacific Premier Bancorp Inc is $ 1.32 / share, currently paid in quarterly installments, and its most recent ex-dividend date was 10/29/2021. Below is a chart of the long-term dividend history for PPBI, which the report highlighted as being of key importance. Indeed, studying a company’s past dividend history can be of great help in judging whether the most recent dividend is likely to continue.

PPBI + Dividend + History + Graph

Most Dividend Listed Stocks with Insider Buys ”

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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