Pacific Premier Bancorp, Inc. (PPBI) Receives Consensus Rating of “Hold” from Analysts
Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $45.00.
A number of equities research analysts have recently issued reports on PPBI shares. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 price objective on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. ValuEngine upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
In related news, Chairman Steven R. Gardner sold 12,500 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $41.02, for a total value of $512,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ronald J. Jr. Nicolas purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $36.97 per share, for a total transaction of $92,425.00. The disclosure for this purchase can be found here. Corporate insiders own 4.59% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of PPBI. Citigroup Inc. grew its holdings in Pacific Premier Bancorp by 664.8% in the 2nd quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,646 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Pacific Premier Bancorp by 52.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,177 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Pacific Premier Bancorp by 4,866.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,023 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,942 shares in the last quarter. Quantbot Technologies LP grew its holdings in Pacific Premier Bancorp by 266.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after buying an additional 3,041 shares in the last quarter. Finally, Strs Ohio acquired a new position in Pacific Premier Bancorp in the 3rd quarter valued at $196,000. Institutional investors and hedge funds own 71.35% of the company’s stock.
Pacific Premier Bancorp (PPBI) traded down $0.30 during midday trading on Tuesday, reaching $40.40. The company’s stock had a trading volume of 204,700 shares, compared to its average volume of 368,501. The company has a market cap of $1,867.27, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.01 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01. Pacific Premier Bancorp has a 12-month low of $32.05 and a 12-month high of $42.55.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. The company had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $72.23 million. During the same quarter in the prior year, the business posted $0.33 EPS. sell-side analysts forecast that Pacific Premier Bancorp will post 1.68 earnings per share for the current fiscal year.
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Pacific Premier Bancorp Company Profile
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.
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