Brokerages Set Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Target Price at $26.33

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $26.33.

A number of research firms have recently issued reports on PPBI. Raymond James restated an “outperform” rating and issued a $25.00 price target (down from $29.00) on shares of Pacific Premier Bancorp in a research report on Thursday, April 25th. DA Davidson reduced their price target on Pacific Premier Bancorp from $32.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Stephens reissued an “equal weight” rating and issued a $28.00 price objective on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. TheStreet cut shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Finally, Piper Sandler decreased their target price on shares of Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, April 29th.

Insider Activity

In other news, Director Barbara Polsky purchased 1,200 shares of the stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now directly owns 14,507 shares in the company, valued at approximately $347,007.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new stake in Pacific Premier Bancorp during the 1st quarter worth approximately $27,000. GAMMA Investing LLC purchased a new position in Pacific Premier Bancorp in the fourth quarter valued at $42,000. Bfsg LLC acquired a new position in Pacific Premier Bancorp during the 4th quarter worth $93,000. Versor Investments LP purchased a new stake in Pacific Premier Bancorp during the 3rd quarter worth about $200,000. Finally, Bailard Inc. purchased a new position in shares of Pacific Premier Bancorp in the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Trading Up 0.8 %

PPBI stock opened at $22.95 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. Pacific Premier Bancorp has a 52-week low of $17.53 and a 52-week high of $30.13. The company’s 50-day simple moving average is $22.72 and its 200-day simple moving average is $24.14. The firm has a market cap of $2.21 billion, a P/E ratio of 176.55 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $239.21 million for the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a return on equity of 6.92% and a net margin of 24.75%. During the same period last year, the company earned $0.66 earnings per share. As a group, equities analysts forecast that Pacific Premier Bancorp will post 1.79 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 annualized dividend and a yield of 5.75%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is currently 1,015.46%.

About Pacific Premier Bancorp

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.