Stock Price Prediction

Analysis and Insights

Technical Analysis:

PPBI's stock price is currently at $21.28, with key technical indicators suggesting potential near-term movement. The RSI (Relative Strength Index) is at 28.88 (RSI_6), 28.57 (RSI_12), and 29.60 (RSI_14), indicating an oversold condition. The Stochastic Oscillator shows a reading of 13.27 (stochk_14_3_3) and 8.68 (stochd_14_14_3_3), further supporting the oversold scenario. The MACD is currently at -0.97, with a bearish signal line (-0.20), but the oversold RSI suggests a potential reversal.

Fibonacci Levels:

The Fibonacci levels indicate a pivot point at $22.62, with resistance levels at $24.06 and $24.96, and support levels at $21.18 and $20.28. These levels are critical in determining potential price movement.

Fundamental Analysis:

Pacific Premier Bancorp (PPBI) reported strong Q4 earnings, with GAAP EPS of $0.35, exceeding expectations by $0.04. Revenue was $144.51 million, surpassing estimates by $1.59 million. The bank demonstrated strong financial health with a return on average assets of 0.75%, a tangible common equity ratio of 11.92%, and low delinquency rates of 0.02% for loans held for investment.

Conclusion:

Based on the oversold technical indicators and strong fundamental performance, PPBI is likely to experience a short-term rebound. The stock is expected to rise to the Fibonacci pivot point of $22.62, with potential upside to $24.06. Therefore, the stock price is predicted to be around $22.62 next week, and it is recommended to buy PPBI at current levels.