Most people feel a little frustrated if a stock they own goes down in price. But sometimes a share price fall can have more to do with market conditions than the performance of the specific business. So while the Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) share price is down 13% in the last year, the total return to shareholders (which includes dividends) was -9.9%. That's better than the market which declined 14% over the last year. Longer term investors have fared much better, since the share price is up 0.8% in three years.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Check out our latest analysis for Pacific Premier Bancorp
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
Even though the Pacific Premier Bancorp share price is down over the year, its EPS actually improved. It could be that the share price was previously over-hyped.
It seems quite likely that the market was expecting higher growth from the stock. But looking to other metrics might better explain the share price change.
Pacific Premier Bancorp's dividend seems healthy to us, so we doubt that the yield is a concern for the market. The revenue trend doesn't seem to explain why the share price is down. Unless, of course, the market was expecting a revenue uptick.
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
NasdaqGS:PPBI Earnings and Revenue Growth September 11th 2022
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
What About Dividends?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Pacific Premier Bancorp the TSR over the last 1 year was -9.9%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
While it's never nice to take a loss, Pacific Premier Bancorp shareholders can take comfort that , including dividends,their trailing twelve month loss of 9.9% wasn't as bad as the market loss of around 14%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 1.6% for each year. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. It's always interesting to track share price performance over the longer term. But to understand Pacific Premier Bancorp better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Pacific Premier Bancorp .
But note: Pacific Premier Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
如果他們擁有的股票價格下跌,大多數人都會感到有點沮喪。但有時,股價下跌可能更多地與市場狀況有關,而不是特定業務的表現。因此,雖然太平洋高級銀行公司。納斯達克(Sequoia Capital:PPBI)股價去年下跌13%,總股東回報率(包括股息)為-9.9%。這比去年下跌14%的市場要好。長期投資者的表現要好得多,因為該公司股價在三年內上漲了0.8%。
考慮到這一點,值得關注的是,該公司的潛在基本面是長期業績的驅動力,還是存在一些差異。
查看我們對Pacific Premier Bancorp的最新分析
雖然有效市場假説繼續被一些人傳授,但事實證明,市場是過度反應的動態系統,投資者並不總是理性的。一種不完美但簡單的方法來考慮市場對一家公司的看法是如何改變的,那就是將每股收益(EPS)的變化與股價走勢進行比較。
儘管Pacific Premier Bancorp的股價在過去一年裏有所下降,但其每股收益實際上有所改善。可能是股價之前被過度炒作了。
市場似乎很有可能期待該股實現更高的增長。但看看其他指標可能更好地解釋了股價的變化。
Pacific Premier Bancorp的股息對我們來説似乎是健康的,所以我們懷疑收益率是市場關注的問題。營收趨勢似乎無法解釋股價下跌的原因。當然,除非市場預期收入會上升。
你可以在下面看到收入和收入是如何隨着時間的推移而變化的(點擊圖片可以發現確切的價值)。
NasdaqGS:PPBI收益和收入增長2022年9月11日
你可以看到它的資產負債表是如何隨着時間的推移而加強(或削弱)的免費交互式圖形。
那股息呢?
重要的是要考慮任何給定股票的總股東回報以及股價回報。TSR包括任何剝離或貼現融資的價值,以及任何股息,基於股息再投資的假設。公平地説,TSR為支付股息的股票提供了更完整的圖景。我們注意到,Pacific Premier Bancorp過去1年的TSR為-9.9%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
不同的視角
雖然虧損從來都不是好事,但Pacific Premier Bancorp的股東們可以感到欣慰的是,包括股息在內,他們過去12個月9.9%的虧損沒有市場虧損約14%那麼糟糕。當然,長期回報要重要得多,好消息是,在過去五年中,該股的年回報率為1.6%。在最好的情況下,去年只是通向更光明未來的旅途中的一個暫時的轉折點。跟蹤股價的長期表現總是很有趣的。但為了更好地理解Pacific Premier Bancorp,我們需要考慮許多其他因素。為此,您應該意識到1個警告標誌我們已經發現了太平洋總理班科普。
但請注意:Pacific Premier Bancorp可能不是買入的最佳股票。所以讓我們來看看這個免費過去有盈利增長(以及進一步增長預測)的有趣公司名單。
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。