Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.50.

PPBI has been the topic of several analyst reports. Wedbush dropped their target price on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday. Stephens raised their price objective on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, Raymond James boosted their target price on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th.

Insider Buying and Selling

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 30,499 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $23.63, for a total transaction of $720,691.37. Following the transaction, the chief operating officer now directly owns 230,592 shares of the company’s stock, valued at $5,448,888.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Jeff C. Jones sold 11,251 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $23.62, for a total value of $265,748.62. Following the completion of the transaction, the director now directly owns 123,794 shares of the company’s stock, valued at approximately $2,924,014.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edward Earl Wilcox sold 30,499 shares of Pacific Premier Bancorp stock in a transaction on Monday, September 9th. The stock was sold at an average price of $23.63, for a total transaction of $720,691.37. Following the sale, the chief operating officer now directly owns 230,592 shares in the company, valued at approximately $5,448,888.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in Pacific Premier Bancorp by 336.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 19,294 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 14,869 shares in the last quarter. CWC Advisors LLC. acquired a new stake in shares of Pacific Premier Bancorp in the third quarter valued at approximately $235,000. Assenagon Asset Management S.A. lifted its position in Pacific Premier Bancorp by 61.6% during the third quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider’s stock worth $16,214,000 after buying an additional 245,771 shares in the last quarter. Creative Planning acquired a new position in Pacific Premier Bancorp during the third quarter worth $427,000. Finally, GAMMA Investing LLC grew its holdings in Pacific Premier Bancorp by 121.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock valued at $30,000 after buying an additional 649 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Stock Up 0.3 %

PPBI stock opened at $25.09 on Wednesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 193.00 and a beta of 1.22. Pacific Premier Bancorp has a 12 month low of $18.60 and a 12 month high of $30.13. The firm’s fifty day simple moving average is $25.09 and its 200-day simple moving average is $23.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.89.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $224.49 million for the quarter, compared to the consensus estimate of $153.23 million. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, equities research analysts forecast that Pacific Premier Bancorp will post 1.64 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, November 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.26%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 1,015.38%.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.