Pacific Premier Bancorp Inc (PPBI) CEO Steven R. Gardner Sells 12,500 Shares of Stock

Pacific Premier Bancorp Inc (NASDAQ:PPBI) CEO Steven R. Gardner sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $34.76, for a total value of $434,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Steven R. Gardner also recently made the following trade(s):

  • On Monday, September 11th, Steven R. Gardner sold 7,500 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.14, for a total value of $256,050.00.
  • On Tuesday, September 12th, Steven R. Gardner sold 20,000 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.53, for a total value of $690,600.00.
  • On Tuesday, August 22nd, Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $35.57, for a total value of $592,809.62.

Pacific Premier Bancorp Inc (PPBI) traded down 0.43% during mid-day trading on Thursday, reaching $34.90. The company’s stock had a trading volume of 32,133 shares. The firm has a market cap of $1.40 billion, a PE ratio of 24.20 and a beta of 0.73. Pacific Premier Bancorp Inc has a 12-month low of $24.00 and a 12-month high of $41.90. The company has a 50-day moving average price of $35.53 and a 200-day moving average price of $36.47.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.12). The business had revenue of $72.10 million during the quarter, compared to the consensus estimate of $68.18 million. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. During the same period last year, the company posted $0.38 earnings per share. On average, equities research analysts expect that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current year.

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A number of analysts recently commented on the company. ValuEngine raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. Piper Jaffray Companies set a $43.00 target price on Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 target price on shares of Pacific Premier Bancorp in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $42.25.

A number of hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC lifted its holdings in shares of Pacific Premier Bancorp by 3.8% during the 4th quarter. Teachers Advisors LLC now owns 44,679 shares of the financial services provider’s stock valued at $1,579,000 after buying an additional 1,618 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Pacific Premier Bancorp by 9.2% during the 1st quarter. Russell Investments Group Ltd. now owns 123,155 shares of the financial services provider’s stock valued at $4,747,000 after buying an additional 10,390 shares during the period. First Trust Advisors LP lifted its holdings in shares of Pacific Premier Bancorp by 10.7% during the 1st quarter. First Trust Advisors LP now owns 51,683 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 4,990 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Pacific Premier Bancorp by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 288,262 shares of the financial services provider’s stock valued at $11,112,000 after buying an additional 30,055 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Pacific Premier Bancorp by 28.6% during the 1st quarter. Swiss National Bank now owns 58,474 shares of the financial services provider’s stock valued at $2,254,000 after buying an additional 13,000 shares during the period. 82.41% of the stock is currently owned by institutional investors and hedge funds.

About Pacific Premier Bancorp

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.

Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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