Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives $27.00 Consensus PT from Brokerages

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.00.

Separately, DA Davidson decreased their target price 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.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI opened at $19.25 on Wednesday. The company has a market cap of $1.87 billion, a P/E ratio of 11.74 and a beta of 1.16. The firm’s 50 day moving average is $21.82 and its two-hundred day moving average is $24.60. Pacific Premier Bancorp has a fifty-two week low of $18.06 and a fifty-two week 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 issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping 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%. Analysts expect that Pacific Premier Bancorp will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s payout ratio is 80.49%.

Hedge Funds Weigh In On Pacific Premier Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPBI. FMR LLC raised its stake in shares of Pacific Premier Bancorp by 11.9% in the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 723 shares in the last quarter. HighTower Advisors LLC raised its stake in Pacific Premier Bancorp by 4.4% during the third quarter. HighTower Advisors LLC now owns 18,599 shares of the financial services provider’s stock valued at $468,000 after buying an additional 789 shares in the last quarter. Jane Street Group LLC lifted its holdings in Pacific Premier Bancorp by 85.4% during the 3rd quarter. Jane Street Group LLC now owns 151,020 shares of the financial services provider’s stock worth $3,800,000 after buying an additional 69,546 shares during the last quarter. Barclays PLC grew its position in shares of Pacific Premier Bancorp by 71.4% in the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock worth $5,123,000 after acquiring an additional 84,859 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Pacific Premier Bancorp by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider’s stock worth $57,960,000 after acquiring an additional 25,964 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.