Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

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

Pacific Premier Bancorp Trading Down 2.1 %

NASDAQ PPBI opened at $23.62 on Tuesday. The firm has a market capitalization of $2.28 billion, a PE ratio of 14.40 and a beta of 1.26. The stock’s 50 day moving average is $24.97 and its 200 day moving average is $25.64. Pacific Premier Bancorp has a twelve month low of $20.52 and a twelve month high of $30.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate 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 forecast that Pacific Premier Bancorp will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s payout ratio is 80.49%.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total transaction of $276,492.30. Following the sale, the executive vice president now directly owns 79,474 shares in the company, valued at approximately $2,135,466.38. This trade represents a 11.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PPBI. Point72 Asset Management L.P. bought a new stake in Pacific Premier Bancorp in the 3rd quarter worth about $60,000. Smartleaf Asset Management LLC boosted its holdings in shares of Pacific Premier Bancorp by 158.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,853 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Pacific Premier Bancorp by 729.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 2,655 shares during the period. KBC Group NV raised its holdings in shares of Pacific Premier Bancorp by 30.0% during the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 849 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Pacific Premier Bancorp during the fourth quarter valued at approximately $158,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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.