Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $46.40.
A number of equities research analysts have recently weighed in on PPBI shares. Zacks Investment Research raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, December 27th. Piper Jaffray Companies set a $55.00 price target on Pacific Premier Bancorp and gave the stock a “buy” rating in a research note on Tuesday, February 13th. BidaskClub raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Stephens reaffirmed a “hold” rating and set a $45.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. Finally, ValuEngine lowered Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
Pacific Premier Bancorp (NASDAQ:PPBI) remained flat at $$45.00 on Friday. The stock had a trading volume of 722,268 shares, compared to its average volume of 337,633. Pacific Premier Bancorp has a 12-month low of $32.05 and a 12-month high of $46.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. The company has a market capitalization of $2,080.84, a PE ratio of 29.03, a P/E/G ratio of 1.99 and a beta of 0.67.
In other news, President Edward Earl Wilcox sold 21,261 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $44.50, for a total transaction of $946,114.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Steven R. Gardner sold 54,849 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $43.08, for a total value of $2,362,894.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,146 shares of company stock worth $4,251,269. 4.59% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC acquired a new position in shares of Pacific Premier Bancorp during the 4th quarter valued at about $130,000. Quantbot Technologies LP increased its holdings in shares of Pacific Premier Bancorp by 266.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 3,041 shares during the last quarter. Strs Ohio acquired a new position in shares of Pacific Premier Bancorp during the 3rd quarter valued at about $196,000. Financial Advisors Network Inc. acquired a new stake in Pacific Premier Bancorp in the 4th quarter valued at approximately $200,000. Finally, SG Americas Securities LLC acquired a new stake in Pacific Premier Bancorp in the 3rd quarter valued at approximately $212,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.
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Pacific Premier Bancorp Company Profile
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.
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