Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Chairman Steven R. Gardner sold 37,438 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $41.43, for a total transaction of $1,551,056.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Pacific Premier Bancorp opened at $41.30 on Friday, according to Marketbeat. The stock has a market cap of $1.88 billion, a PE ratio of 23.33, a P/E/G ratio of 1.84 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.02. Pacific Premier Bancorp, Inc. has a 52 week low of $32.05 and a 52 week high of $46.05.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The company had revenue of $88.95 million for the quarter, compared to analyst estimates of $89.10 million. Pacific Premier Bancorp had a net margin of 22.48% and a return on equity of 8.57%. During the same period in the prior year, the company posted $0.34 EPS. equities analysts predict that Pacific Premier Bancorp, Inc. will post 2.74 EPS for the current year.

A number of research firms have weighed in on PPBI. ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Piper Jaffray Companies set a $55.00 target price on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Stephens reissued a “hold” rating and set a $45.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. Finally, BidaskClub raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, May 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Pacific Premier Bancorp currently has a consensus rating of “Hold” and a consensus target price of $47.00.

Several institutional investors and hedge funds have recently made changes to their positions in PPBI. Louisiana State Employees Retirement System acquired a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $668,000. Schwab Charles Investment Management Inc. raised its position in shares of Pacific Premier Bancorp by 3.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,263 shares of the financial services provider’s stock valued at $7,371,000 after buying an additional 6,033 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $309,000. Texas Permanent School Fund acquired a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $1,049,000. Finally, Miles Capital Inc. acquired a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $242,000. 85.50% of the stock is owned by institutional investors and hedge funds.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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