Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Given Average Recommendation of “Moderate Buy” by Analysts

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.83.

A number of research firms recently weighed in on PPBI. Raymond James lifted their price target on Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Stephens boosted their target price on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Wedbush cut their price target on shares of Pacific Premier Bancorp from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th.

Pacific Premier Bancorp Stock Up 1.4 %

PPBI stock opened at $24.59 on Friday. The stock has a market capitalization of $2.37 billion, a PE ratio of 189.31 and a beta of 1.22. The company has a fifty day moving average of $24.90 and a 200-day moving average of $23.55. 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 has a one year low of $17.86 and a one year high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $154.62 million during the quarter, compared to analyst estimates of $162.23 million. During the same quarter in the previous year, the business earned $0.60 EPS. Pacific Premier Bancorp’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, analysts expect that Pacific Premier Bancorp will post 1.65 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, August 5th. Pacific Premier Bancorp’s dividend payout ratio is currently 1,015.38%.

Insider Buying and Selling

In related news, COO Edward Earl Wilcox sold 30,499 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $23.63, for a total value of $720,691.37. Following the sale, the chief operating officer now directly owns 230,592 shares of the company’s stock, valued at approximately $5,448,888.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Edward Earl Wilcox sold 30,499 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.63, for a total value of $720,691.37. Following the sale, the chief operating officer now owns 230,592 shares of the company’s stock, valued at approximately $5,448,888.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff C. Jones sold 11,251 shares of the firm’s 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 transaction, the director now directly owns 123,794 shares of the company’s stock, valued at $2,924,014.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPBI. Fidelis Capital Partners LLC acquired a new position in shares of Pacific Premier Bancorp in the first quarter valued at approximately $27,000. nVerses Capital LLC grew its stake in Pacific Premier Bancorp by 93.8% in 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 during the period. Innealta Capital LLC acquired a new position in Pacific Premier Bancorp in the 2nd quarter valued at $95,000. Point72 DIFC Ltd lifted its stake in shares of Pacific Premier Bancorp by 202.9% during the 2nd quarter. Point72 DIFC Ltd now owns 7,966 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 5,336 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Pacific Premier Bancorp during the first quarter worth $217,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

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.