Pacific Premier Bancorp (NASDAQ:PPBI) Raised to “Sell” at StockNews.com

Pacific Premier Bancorp (NASDAQ:PPBI) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research note issued on Tuesday.

Several other brokerages have also issued reports on PPBI. TheStreet lowered shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Stephens reiterated an “equal weight” rating and set a $28.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Wedbush dropped their target price on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th. Finally, Raymond James reiterated an “outperform” rating and set a $29.00 target price (up from $26.00) on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.60.

Pacific Premier Bancorp Stock Performance

NASDAQ PPBI opened at $22.74 on Tuesday. Pacific Premier Bancorp has a 52-week low of $17.53 and a 52-week high of $30.13. The company has a 50-day simple moving average of $23.04 and a 200 day simple moving average of $24.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $2.18 billion, a PE ratio of 75.80 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. The business had revenue of ($17.00) million during the quarter, compared to the consensus estimate of $169.50 million. During the same quarter last year, the company posted $0.77 earnings per share. On average, research analysts predict that Pacific Premier Bancorp will post 1.96 EPS for the current year.

Insider Activity

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the acquisition, the director now owns 14,507 shares in the company, valued at approximately $347,007.44. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Pacific Premier Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in Pacific Premier Bancorp during the 4th quarter valued at about $42,000. Bfsg LLC purchased a new stake in shares of Pacific Premier Bancorp during the 4th quarter valued at about $93,000. Versor Investments LP purchased a new stake in shares of Pacific Premier Bancorp during the 3rd quarter valued at about $200,000. Bailard Inc. purchased a new stake in shares of Pacific Premier Bancorp during the 4th quarter valued at about $207,000. Finally, FineMark National Bank & Trust purchased a new stake in shares of Pacific Premier Bancorp during the 4th quarter valued at about $234,000. Institutional investors own 93.11% of the company’s stock.

About Pacific Premier Bancorp

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.