Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives Consensus Rating of “Moderate Buy” from Analysts

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $26.50.

A number of research analysts have commented on PPBI shares. Raymond James upped their target price on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Stephens upped their price objective on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Wedbush dropped their target price on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday.

Pacific Premier Bancorp Stock Up 0.3 %

PPBI stock opened at $25.09 on Wednesday. Pacific Premier Bancorp has a one year low of $18.60 and a one year high of $30.13. The firm has a market cap of $2.42 billion, a PE ratio of 193.00 and a beta of 1.22. The firm’s 50 day moving average price is $25.09 and its 200-day moving average price is $23.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 0.89.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to the consensus estimate of $153.23 million. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities research analysts anticipate that Pacific Premier Bancorp will post 1.64 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.32 dividend on an annualized basis and a yield of 5.26%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 1,015.38%.

Insider Buying and Selling at Pacific Premier Bancorp

In other news, Director Jeff C. Jones sold 11,251 shares of the stock in a transaction 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 sale, the director now directly owns 123,794 shares in the company, valued at approximately $2,924,014.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 30,499 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.63, for a total transaction of $720,691.37. Following the completion of the transaction, the chief operating officer now owns 230,592 shares in the company, valued at $5,448,888.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeff C. Jones sold 11,251 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.62, for a total transaction of $265,748.62. Following the completion of the sale, the director now directly 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 corporate insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in Pacific Premier Bancorp during the 1st quarter worth about $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 worth $30,000 after acquiring an additional 649 shares in the last quarter. 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 worth $71,000 after acquiring an additional 1,500 shares in the last quarter. Innealta Capital LLC acquired a new position in Pacific Premier Bancorp in the second quarter valued at approximately $95,000. Finally, Point72 DIFC Ltd boosted its holdings in Pacific Premier Bancorp by 202.9% in the second quarter. Point72 DIFC Ltd now owns 7,966 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 5,336 shares in the last quarter. Institutional investors and hedge funds 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.