Pacific Premier Bancorp, Inc. (PPBI) Receives Average Rating of “Hold” from Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.00.

A number of equities analysts have commented on PPBI shares. TheStreet upgraded shares of Pacific Premier Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, April 23rd. BidaskClub upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Stephens restated a “hold” rating and issued a $35.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, April 23rd. Finally, FIG Partners restated an “outperform” rating on shares of Pacific Premier Bancorp in a research note on Tuesday, January 29th.

In other news, Chairman Steven R. Gardner sold 43,535 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $29.92, for a total value of $1,302,567.20. Following the sale, the chairman now owns 234,880 shares in the company, valued at approximately $7,027,609.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.67% of the company’s stock.



Several institutional investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC bought a new position in Pacific Premier Bancorp in the 1st quarter worth about $2,606,000. Morgan Stanley grew its position in Pacific Premier Bancorp by 101.5% in the 1st quarter. Morgan Stanley now owns 204,430 shares of the financial services provider’s stock worth $5,424,000 after purchasing an additional 102,981 shares during the last quarter. SEI Investments Co grew its position in Pacific Premier Bancorp by 46.4% in the 1st quarter. SEI Investments Co now owns 28,883 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 9,150 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Pacific Premier Bancorp by 8.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 746,228 shares of the financial services provider’s stock worth $19,797,000 after purchasing an additional 58,776 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in Pacific Premier Bancorp in the 1st quarter worth about $802,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Shares of PPBI stock opened at $28.43 on Friday. Pacific Premier Bancorp has a 12 month low of $23.01 and a 12 month high of $43.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.45 and a beta of 1.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. Pacific Premier Bancorp had a net margin of 25.82% and a return on equity of 8.24%. The firm had revenue of $119.09 million for the quarter, compared to analyst estimates of $121.55 million. During the same quarter in the previous year, the business posted $0.62 EPS. Sell-side analysts forecast that Pacific Premier Bancorp will post 2.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 35.06%.

About Pacific Premier Bancorp

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. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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