Insiders Were Right: PPBI Makes New 52-Week High

In trading on Thursday, shares of Pacific Premier Bancorp Inc ( PPBI) touched a new 52-week high of $28.90/share. That's a 57.75% rise, or $10.58 per share from the 52-week low of $18.32 set back on 01/21/2016. That means at today's intraday high, any investor who purchased PPBI stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, PPBI has seen 5 different instances of insiders buying over the trailing six month period.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
05/23/2016 Joseph L. Garrett Director 600 $23.62 $14,172.00
07/26/2016 Jeff C. Jones Director 1,000 $23.94 $23,943.47
07/26/2016 Tom Rice SEVP & Chief Operating Officer 600 $23.98 $14,387.40
07/26/2016 Joseph L. Garrett Director 840 $23.90 $20,073.31
07/29/2016 Kenneth A. Boudreau Director 1,500 $24.00 $36,000.00
08/08/2016 Cora M. Tellez Director 880 $25.88 $22,771.08
08/10/2016 Joseph L. Garrett Director 10 $26.56 $265.60
08/19/2016 Joseph L. Garrett Director 680 $26.61 $18,092.08
08/22/2016 Joseph L. Garrett Director 600 $26.70 $16,020.00

The chart below shows where PPBI has traded over the past year, with the 50-day and 200-day moving averages included.

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