Pacific Premier Bancorp (NASDAQ:PPBI) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of Pacific Premier Bancorp (NASDAQ:PPBI) to a sell rating in a research note issued to investors on Tuesday.

Other equities research analysts have also issued reports about the company. Stephens restated an equal weight rating and set a $28.00 price target on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Raymond James reaffirmed an outperform rating and issued a $29.00 target price (up from $26.00) on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Wedbush lowered their price target on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a neutral rating for the company in a research report on Tuesday, January 30th. Finally, TheStreet cut shares of Pacific Premier Bancorp from a b- rating to a c+ rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $28.60.

Pacific Premier Bancorp Stock Up 2.1 %

Shares of Pacific Premier Bancorp stock opened at $22.60 on Tuesday. The company’s fifty day simple moving average is $23.04 and its two-hundred day simple moving average is $24.11. Pacific Premier Bancorp has a 12-month low of $17.53 and a 12-month high of $30.13. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.17 billion, a P/E ratio of 75.33 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. The company had revenue of ($17.00) million for the quarter, compared to analysts’ expectations of $169.50 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. Research analysts anticipate that Pacific Premier Bancorp will post 1.96 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.32 annualized dividend and a yield of 5.84%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 440.00%.

Insider Transactions at Pacific Premier Bancorp

In other news, Director Barbara Polsky acquired 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the acquisition, the director now directly owns 14,507 shares in the company, valued at $347,007.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at approximately $42,000. Bfsg LLC bought a new position in shares of Pacific Premier Bancorp during the 4th quarter valued at $93,000. Versor Investments LP purchased a new position in shares of Pacific Premier Bancorp in the 3rd quarter worth $200,000. Bailard Inc. bought a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth $207,000. Finally, FineMark National Bank & Trust purchased a new stake in Pacific Premier Bancorp during the fourth quarter valued at $234,000. Institutional investors own 93.11% of the company’s stock.

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.