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

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.00.

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

Hedge Funds Weigh In On Pacific Premier Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Pacific Premier Bancorp by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 11,241,494 shares of the financial services provider’s stock valued at $280,138,000 after purchasing an additional 78,381 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Pacific Premier Bancorp by 2.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,842,985 shares of the financial services provider’s stock valued at $70,847,000 after purchasing an additional 74,644 shares during the period. Geode Capital Management LLC raised its stake in shares of Pacific Premier Bancorp by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider’s stock worth $57,960,000 after purchasing an additional 25,964 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Pacific Premier Bancorp by 12.1% during the fourth quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider’s stock worth $55,990,000 after purchasing an additional 241,881 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Pacific Premier Bancorp by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,467,366 shares of the financial services provider’s stock worth $36,567,000 after purchasing an additional 7,465 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Trading Down 0.6 %

NASDAQ:PPBI opened at $21.62 on Friday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 13.18 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average price is $24.08 and its 200-day moving average price is $25.29. Pacific Premier Bancorp has a 52 week low of $20.52 and a 52 week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping 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%. On average, equities 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 announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.11%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio is currently 80.49%.

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.