Pacific Premier Bancorp Inc. (NASDAQ:PPBI) Director Jeff C. Jones acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was bought at an average price of $23.94 per share, with a total value of $23,940.00. Following the completion of the acquisition, the director now directly owns 107,993 shares in the company, valued at approximately $2,585,352.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
PPBI has been the subject of several research reports. FIG Partners lowered shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, July 21st. DA Davidson upped their price objective on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Finally, FBR & Co initiated coverage on shares of Pacific Premier Bancorp in a report on Thursday, June 30th. They issued an “outperform” rating and a $28.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $24.67.
A hedge fund recently raised its stake in Pacific Premier Bancorp stock. Russell Frank Co boosted its stake in Pacific Premier Bancorp Inc. (NASDAQ:PPBI) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,699 shares of the financial services provider’s stock after buying an additional 1,968 shares during the period. Russell Frank Co owned about 0.50% of Pacific Premier Bancorp worth $2,332,000 as of its most recent SEC filing.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.04. On average, analysts anticipate that Pacific Premier Bancorp Inc. will post $1.56 earnings per share for the current fiscal year.
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 Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services and online bill payment.
