Pacific Premier Bancorp (NASDAQ:PPBI) Rating Increased to Sell at StockNews.com

Pacific Premier Bancorp (NASDAQ:PPBI) was upgraded by StockNews.com to a “sell” rating in a research note issued on Tuesday.

Several other research firms have also recently commented on PPBI. Raymond James reiterated an “outperform” rating and set a $29.00 target price (up from $26.00) on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Stephens restated an “equal weight” rating and set a $28.00 target price on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Wedbush cut their target price on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, January 30th. Finally, TheStreet lowered shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.60.

Pacific Premier Bancorp Trading Up 0.6 %

Shares of NASDAQ PPBI opened at $22.74 on Tuesday. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 75.80 and a beta of 1.21. Pacific Premier Bancorp has a 12-month low of $17.53 and a 12-month high of $30.13. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $24.11.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. The company had revenue of ($17.00) million for the quarter, compared to analysts’ expectations of $169.50 million. During the same period last year, the firm earned $0.77 EPS. Equities research analysts expect that Pacific Premier Bancorp will post 1.96 EPS for the current year.

Insider Transactions at Pacific Premier Bancorp

In related news, Director Barbara Polsky purchased 1,200 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was acquired at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the purchase, the director now owns 14,507 shares of the company’s stock, valued at $347,007.44. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth $42,000. Bfsg LLC bought a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth about $93,000. Bailard Inc. purchased a new stake in Pacific Premier Bancorp in the fourth quarter worth about $207,000. FineMark National Bank & Trust purchased a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at approximately $234,000. Finally, Vest Financial LLC purchased a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at approximately $237,000. 93.11% of the stock is owned by institutional investors.

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.