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Investors in Pacific Premier Bancorp (NASDAQ:PPBI) Have Unfortunately Lost 35% Over the Last Three Years

Investors in Pacific Premier Bancorp (NASDAQ:PPBI) Have Unfortunately Lost 35% Over the Last Three Years

太平洋第一合衆銀行(納斯達克:PPBI)的投資者在過去三年中不幸損失了35%
Simply Wall St ·  11/04 20:13

Many investors define successful investing as beating the market average over the long term. But if you try your hand at stock picking, you risk returning less than the market. We regret to report that long term Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shareholders have had that experience, with the share price dropping 43% in three years, versus a market return of about 16%.

許多投資者將成功投資定義爲長期超越市場平均水平。但如果您嘗試自己挑選股票,您可能會面臨低於市場回報的風險。我們很遺憾地報告,長揸太平洋第一合衆銀行股票(NASDAQ:PPBI)的股東已經有過這種經歷,股價在三年內下跌了43%,而市場回報約爲16%。

It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.

值得評估公司的經濟狀況是否與這些不盡如人意的股東回報同時發展並步調一致,或者兩者之間是否存在差異。因此,讓我們來看看。

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' 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.

引用巴菲特的話:「船隻將周遊世界,而『地平派』仍會興旺。市場上的價格和價值仍會存在廣泛的差距……」考慮一家公司在市場上的認知如何變化的一個不完美但簡單的方法是比較每股收益(EPS)的變化和股價的波動。

Over the three years that the share price declined, Pacific Premier Bancorp's earnings per share (EPS) dropped significantly, falling to a loss. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. However, we can say we'd expect to see a falling share price in this scenario.

在股價下跌的三年裏,太平洋第一合衆銀行的每股收益(EPS)顯着下降,降至虧損。由於該公司已經處於虧損狀態,很難將EPS的變化與股價變化進行比較。然而,我們可以說在這種情況下我們預計會看到股價下跌。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。

big
NasdaqGS:PPBI Earnings Per Share Growth November 4th 2024
納斯達克GS:PPBI每股收益增長,2024年11月4日

It might be well worthwhile taking a look at our free report on Pacific Premier Bancorp's earnings, revenue and cash flow.

請查看我們免費報告,關於太平洋第一合衆銀行的收益、營業收入和現金流。

What About Dividends?

那麼分紅怎麼樣呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Pacific Premier Bancorp, it has a TSR of -35% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

在考慮投資回報時,重要的是要考慮綜合股東回報率(TSR)和股價回報之間的差異。TSR是一種回報計算,考慮了現金分紅的價值(假設任何分紅均已重新投資)以及任何折扣資本增發和拆股的計算價值。可以說TSR爲支付股息的股票提供了更完整的圖片。就太平洋第一合衆銀行而言,它在過去的3年中TSR爲-35%。這超過了我們先前提到的股價回報。這在很大程度上是由其分紅支付引起的!

A Different Perspective

不同的觀點

Pacific Premier Bancorp provided a TSR of 27% over the last twelve months. But that return falls short of the market. But at least that's still a gain! Over five years the TSR has been a reduction of 1.3% per year, over five years. It could well be that the business is stabilizing. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 2 warning signs for Pacific Premier Bancorp that you should be aware of.

太平洋第一合衆銀行在過去12個月內提供了27%的TSR。但此回報低於市場。但至少還是有所收益!在過去的五年中,TSR每年減少1.3%。企業可能正在穩定。雖然值得考慮市場狀況對股價的各種影響,但有些因素更爲重要。例如,我們發現太平洋第一合衆銀行存在2個警示信號,您應該注意。

We will like Pacific Premier Bancorp better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

如果我們看到一些內部大額買入交易,我們會更喜歡太平洋第一合衆銀行。在等待的時候,可以查看這份免費的低估股票名單(主要是小市值股票),其中包括大量最近的內部買入交易。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。

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.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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