Pacific Premier Bancorp (NASDAQ:PPBI) Rating Reiterated by Raymond James

Pacific Premier Bancorp (NASDAQ:PPBI)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a research note issued to investors on Thursday, Benzinga reports. They presently have a $25.00 price target on the financial services provider’s stock, down from their prior price target of $29.00. Raymond James’ price target indicates a potential upside of 13.74% from the company’s current price.

PPBI has been the topic of a number of other reports. TheStreet cut shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods dropped their price target on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday. StockNews.com upgraded shares of Pacific Premier Bancorp to a “sell” rating in a research note on Tuesday. Stephens restated an “equal weight” rating and issued a $28.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Finally, Wedbush restated a “neutral” rating and issued a $25.00 price target on shares of Pacific Premier Bancorp in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.17.

Pacific Premier Bancorp Trading Down 0.8 %

NASDAQ PPBI opened at $21.98 on Thursday. The company’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $24.08. Pacific Premier Bancorp has a 52 week low of $17.53 and a 52 week high of $30.13. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.11 billion, a P/E ratio of 169.09 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. The business had revenue of $239.21 million for the quarter, compared to analysts’ expectations of $166.98 million. During the same period in the previous year, the company posted $0.66 earnings per share. Equities research analysts predict that Pacific Premier Bancorp will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the purchase, 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 can be accessed through this hyperlink. 2.21% of the stock is owned by insiders.

Institutional Trading of Pacific Premier Bancorp

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of Pacific Premier Bancorp by 5.0% in the 3rd quarter. American Century Companies Inc. now owns 4,153,813 shares of the financial services provider’s stock worth $90,387,000 after acquiring an additional 198,874 shares during the period. EJF Capital LLC acquired a new stake in shares of Pacific Premier Bancorp in the 3rd quarter worth about $1,632,000. Natixis Advisors L.P. increased its holdings in shares of Pacific Premier Bancorp by 26.5% in the 3rd quarter. Natixis Advisors L.P. now owns 44,958 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 9,406 shares during the period. Invesco Ltd. increased its holdings in shares of Pacific Premier Bancorp by 1.8% in the 3rd quarter. Invesco Ltd. now owns 1,392,420 shares of the financial services provider’s stock worth $30,299,000 after acquiring an additional 24,230 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Pacific Premier Bancorp in the 3rd quarter worth about $200,000. Institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Company Profile

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.