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

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $26.83.

PPBI has been the topic of a number of analyst reports. Stephens raised their target price on Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Raymond James raised their target price on Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Wedbush dropped their target price on Pacific Premier Bancorp from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th.

Pacific Premier Bancorp Price Performance

NASDAQ PPBI opened at $25.71 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day moving average price is $25.02 and its 200 day moving average price is $23.78. Pacific Premier Bancorp has a 1 year low of $17.86 and a 1 year high of $30.13. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 197.77 and a beta of 1.22.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $154.62 million during the quarter, compared to analyst estimates of $162.23 million. During the same period in the previous year, the company earned $0.60 earnings per share. Pacific Premier Bancorp’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Pacific Premier Bancorp will post 1.64 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Edward Earl Wilcox sold 30,499 shares of Pacific Premier Bancorp stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $23.63, for a total value of $720,691.37. Following the sale, the chief operating officer now directly owns 230,592 shares in the company, valued at approximately $5,448,888.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Edward Earl Wilcox sold 30,499 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.63, for a total transaction of $720,691.37. Following the transaction, the chief operating officer now directly owns 230,592 shares in the company, valued at $5,448,888.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeff C. Jones sold 11,251 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.62, for a total value of $265,748.62. Following the transaction, the director now owns 123,794 shares in the company, valued at approximately $2,924,014.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new position in shares of Pacific Premier Bancorp during the 1st quarter worth approximately $27,000. GAMMA Investing LLC raised its position in shares of Pacific Premier Bancorp by 121.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock valued at $30,000 after buying an additional 649 shares during the period. nVerses Capital LLC raised its position in shares of Pacific Premier Bancorp by 93.8% during the 2nd quarter. nVerses Capital LLC now owns 3,100 shares of the financial services provider’s stock valued at $71,000 after buying an additional 1,500 shares during the period. Innealta Capital LLC purchased a new stake in shares of Pacific Premier Bancorp during the 2nd quarter valued at approximately $95,000. Finally, Point72 DIFC Ltd raised its position in shares of Pacific Premier Bancorp by 202.9% during the 2nd quarter. Point72 DIFC Ltd now owns 7,966 shares of the financial services provider’s stock valued at $183,000 after buying an additional 5,336 shares during the period. 93.11% of the stock is currently 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 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.