Pacific Premier Bancorp (PPBI) Receives Consensus Rating of “Buy” from Analysts

Pacific Premier Bancorp (NASDAQ:PPBI) has been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $46.40.

PPBI has been the topic of several analyst reports. BidaskClub raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Piper Jaffray set a $55.00 target price on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Stephens reissued a “hold” rating and set a $45.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. Finally, ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd.

PPBI traded up $0.60 during midday trading on Thursday, hitting $41.30. 151,094 shares of the company were exchanged, compared to its average volume of 412,356. The company has a market capitalization of $1,906.69, a P/E ratio of 20.20, a P/E/G ratio of 1.82 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. Pacific Premier Bancorp has a 1-year low of $32.05 and a 1-year high of $46.05.



Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $87.62 million for the quarter, compared to the consensus estimate of $83.30 million. Pacific Premier Bancorp had a return on equity of 8.65% and a net margin of 19.96%. During the same period last year, the firm earned $0.43 EPS. analysts forecast that Pacific Premier Bancorp will post 2.82 EPS for the current year.

In other news, President Edward Earl Wilcox sold 21,261 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $44.50, for a total transaction of $946,114.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven R. Gardner sold 54,849 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $43.08, for a total transaction of $2,362,894.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,146 shares of company stock worth $4,251,269. Corporate insiders own 4.59% of the company’s stock.

Several hedge funds have recently bought and sold shares of PPBI. LS Investment Advisors LLC purchased a new position in Pacific Premier Bancorp in the 4th quarter valued at about $130,000. Financial Advisors Network Inc. purchased a new position in Pacific Premier Bancorp in the 4th quarter valued at about $200,000. OppenheimerFunds Inc. purchased a new position in Pacific Premier Bancorp in the 4th quarter valued at about $216,000. SG Americas Securities LLC purchased a new position in Pacific Premier Bancorp in the 3rd quarter valued at about $212,000. Finally, Citadel Advisors LLC purchased a new position in Pacific Premier Bancorp in the 4th quarter valued at about $227,000. 85.87% 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 operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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