Is Pacific Premier Bancorp, Inc. overvalued or undervalued?

As of 15 April 2025, the valuation grade for Pacific Premier Bancorp, Inc. moved from attractive to very attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 14, a price-to-book value of 0.71, and a PEG ratio of 0.01, which suggests significant growth potential relative to its earnings.
In comparison to its peers, Ameris Bancorp has a P/E of 13.35, while First BanCorp (Puerto Rico) stands at 12.69, both of which are lower than Pacific Premier's P/E, reinforcing its attractive valuation. Additionally, the company's dividend yield of 302.14% is exceptionally high, further enhancing its appeal to investors. However, the stock has underperformed against the S&P 500 over various periods, notably with a 3-year return of -25.97% compared to the S&P 500's 70.41%, highlighting the potential for recovery as the valuation metrics suggest the stock may be undervalued.