Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $27.00.

Separately, DA Davidson decreased their price objective on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 24th.

Institutional Trading of Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobs Asset Management LLC lifted its position in shares of Pacific Premier Bancorp by 0.5% in the 4th quarter. Jacobs Asset Management LLC now owns 84,154 shares of the financial services provider’s stock worth $2,097,000 after purchasing an additional 400 shares during the period. Natixis Advisors LLC boosted its stake in Pacific Premier Bancorp by 1.0% during the third quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 449 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Pacific Premier Bancorp by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 487 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Pacific Premier Bancorp by 4.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,196 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 591 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Pacific Premier Bancorp by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,025 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ PPBI opened at $21.62 on Friday. The company has a fifty day moving average price of $24.08 and a 200 day moving average price of $25.29. The firm has a market cap of $2.08 billion, a PE ratio of 13.18 and a beta of 1.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp has a 1-year low of $20.52 and a 1-year high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. Research analysts predict that Pacific Premier Bancorp will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.33 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.32 annualized dividend and a dividend yield of 6.11%. Pacific Premier Bancorp’s payout ratio is currently 80.49%.

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.