Pacific Premier Bancorp (NASDAQ:PPBI) Rating Reiterated by Raymond James

Pacific Premier Bancorp (NASDAQ:PPBI)‘s stock had its “outperform” rating reiterated by equities researchers at Raymond James in a report released on Thursday, Benzinga reports. They currently have a $25.00 price objective on the financial services provider’s stock, down from their previous price objective of $29.00. Raymond James’ target price would suggest a potential upside of 13.74% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating on the stock in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $25.00 price objective on shares of Pacific Premier Bancorp in a research report on Thursday. Stephens reissued an “equal weight” rating and issued a $28.00 price objective on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. TheStreet downgraded shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Finally, StockNews.com raised shares of Pacific Premier Bancorp to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.17.

Pacific Premier Bancorp Price Performance

Pacific Premier Bancorp stock opened at $21.98 on Thursday. Pacific Premier Bancorp has a 52-week low of $17.53 and a 52-week high of $30.13. The company’s 50 day moving average is $22.96 and its two-hundred day moving average is $24.08. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.11 billion, a PE ratio of 169.09 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. The company had revenue of $239.21 million for the quarter, compared to the consensus estimate of $166.98 million. During the same period in the prior year, the firm posted $0.66 EPS. On average, research analysts expect that Pacific Premier Bancorp will post 1.93 EPS for the current fiscal year.

Insider Activity at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky purchased 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the purchase, the director now directly owns 14,507 shares in the company, valued at $347,007.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

A number of large investors have recently bought and sold shares of PPBI. GAMMA Investing LLC acquired a new stake in Pacific Premier Bancorp during the 4th quarter worth $42,000. Bfsg LLC acquired a new stake in Pacific Premier Bancorp during the 4th quarter worth $93,000. Versor Investments LP acquired a new stake in Pacific Premier Bancorp during the 3rd quarter worth $200,000. Bailard Inc. acquired a new stake in Pacific Premier Bancorp during the 4th quarter worth $207,000. Finally, FineMark National Bank & Trust acquired a new stake in Pacific Premier Bancorp during the 4th quarter worth $234,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

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.