Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives $26.33 Consensus Price Target from Brokerages

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.33.

Several equities analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $25.00 price target on shares of Pacific Premier Bancorp in a report on Thursday, April 25th. DA Davidson decreased their target price on shares of Pacific Premier Bancorp from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Piper Sandler decreased their price objective on shares of Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, April 29th. StockNews.com upgraded Pacific Premier Bancorp to a “sell” rating in a research report on Tuesday, April 23rd. Finally, Raymond James restated an “outperform” rating and issued a $25.00 price objective (down previously from $29.00) on shares of Pacific Premier Bancorp in a report on Thursday, April 25th.

Insider Buying and Selling at Pacific Premier Bancorp

In other news, Director Barbara Polsky purchased 1,200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $347,007.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

Several institutional investors have recently bought and sold shares of the stock. WBI Investments Inc. lifted its holdings in Pacific Premier Bancorp by 4.8% during the 3rd quarter. WBI Investments Inc. now owns 15,328 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 708 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Pacific Premier Bancorp by 7.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 1,052 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Pacific Premier Bancorp during the 1st quarter worth about $27,000. GAMMA Investing LLC acquired a new position in Pacific Premier Bancorp during the 4th quarter valued at about $42,000. Finally, Teza Capital Management LLC grew its position in shares of Pacific Premier Bancorp by 13.6% during the 3rd quarter. Teza Capital Management LLC now owns 13,417 shares of the financial services provider’s stock worth $292,000 after buying an additional 1,610 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Stock Up 0.8 %

Shares of NASDAQ:PPBI opened at $22.95 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. Pacific Premier Bancorp has a 12-month low of $17.53 and a 12-month high of $30.13. The company has a fifty day simple moving average of $22.73 and a 200 day simple moving average of $24.10. The firm has a market cap of $2.21 billion, a PE ratio of 177.31 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $239.21 million during the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same period in the previous year, the business posted $0.66 EPS. On average, equities research analysts anticipate that Pacific Premier Bancorp will post 1.79 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Friday, May 3rd. Pacific Premier Bancorp’s dividend payout ratio is currently 1,015.38%.

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.