Pacific Premier Bancorp Inc (PPBI)
Pacific Premier Bancorp, Inc. is the banking holding company for Pacific Premier Bank providing banking services to businesses, professionals, real estate investors, and non-profit organizations. The company is headquartered in Irvine, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 21.93% per annum.
- PPBI price at the close of November 20, 2024 was $27.61 and was higher than the top border of the primary price channel by $7.74 (38.99%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.22% per annum.
- PPBI price at the close of November 20, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PPBI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: February 10, 2021
End date: December 1, 2023
a = 4.0018
b = -0.0007
s = 0.1129
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -21.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1129) – 1
= 57.06%
February 10, 2021 calculations
Top border of price channel:
Exp(Y306)
= Exp(a + b × X306 + 2 × s)
= Exp(a + b × 447 + 2 × s)
= Exp(4.0018 + -0.0007 × 447 + 2 × 0.1129)
= Exp(3.9243)
= $50.62
Bottom border of price channel:
Exp(Y306)
= Exp(a + b × X306 – 2 × s)
= Exp(a + b × 447 – 2 × s)
= Exp(4.0018 + -0.0007 × 447 – 2 × 0.1129)
= Exp(3.4729)
= $32.23
December 1, 2023 calculations
Top border of price channel:
Exp(Y1,013)
= Exp(a + b × X1,013 + 2 × s)
= Exp(a + b × 1,471 + 2 × s)
= Exp(4.0018 + -0.0007 × 1,471 + 2 × 0.1129)
= Exp(3.2298)
= $25.27
Bottom border of price channel:
Exp(Y1,013)
= Exp(a + b × X1,013 – 2 × s)
= Exp(a + b × 1,471 – 2 × s)
= Exp(4.0018 + -0.0007 × 1,471 – 2 × 0.1129)
= Exp(2.7783)
= $16.09
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 21.93% per annum.
- PPBI price at the close of November 20, 2024 was $27.61 and was higher than the top border of the primary price channel by $7.74 (38.99%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 30, 2023
End date: November 20, 2024
a = 2.4004
b = 0.0005
s = 0.0933
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0933) – 1
= 45.21%
March 30, 2023 calculations
Top border of price channel:
Exp(Y843)
= Exp(a + b × X843 + 2 × s)
= Exp(a + b × 1,225 + 2 × s)
= Exp(2.4004 + 0.0005 × 1,225 + 2 × 0.0933)
= Exp(3.1488)
= $23.31
Bottom border of price channel:
Exp(Y843)
= Exp(a + b × X843 – 2 × s)
= Exp(a + b × 1,225 – 2 × s)
= Exp(2.4004 + 0.0005 × 1,225 – 2 × 0.0933)
= Exp(2.7758)
= $16.05
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.4004 + 0.0005 × 1,826 + 2 × 0.0933)
= Exp(3.4245)
= $30.71
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.4004 + 0.0005 × 1,826 – 2 × 0.0933)
= Exp(3.0514)
= $21.15
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.22% per annum.
- PPBI price at the close of November 20, 2024 was inside the secondary price channel.