Pacific Premier Bancorp (NASDAQ:PPBI) President Edward Earl Wilcox Sells 21,261 Shares

Pacific Premier Bancorp (NASDAQ:PPBI) President Edward Earl Wilcox sold 21,261 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $44.50, for a total transaction of $946,114.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PPBI stock traded down $0.70 during midday trading on Monday, hitting $39.50. 561,623 shares of the stock traded hands, compared to its average volume of 414,099. The firm has a market cap of $1,869.48, a PE ratio of 19.80, a P/E/G ratio of 1.78 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. Pacific Premier Bancorp has a 1-year low of $32.05 and a 1-year high of $46.05.

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Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The company had revenue of $87.62 million for the quarter, compared to analyst estimates of $83.30 million. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. During the same quarter last year, the business earned $0.43 earnings per share. research analysts predict that Pacific Premier Bancorp will post 2.82 earnings per share for the current fiscal year.

PPBI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Saturday, January 6th. BidaskClub lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Stephens restated a “hold” rating and set a $45.00 price target on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. Piper Jaffray set a $55.00 price target on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pacific Premier Bancorp presently has an average rating of “Buy” and a consensus price target of $46.40.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its holdings in Pacific Premier Bancorp by 52.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,177 shares in the last quarter. Kennedy Capital Management Inc. lifted its holdings in Pacific Premier Bancorp by 0.5% during the fourth quarter. Kennedy Capital Management Inc. now owns 295,666 shares of the financial services provider’s stock valued at $11,827,000 after purchasing an additional 1,383 shares in the last quarter. American International Group Inc. lifted its holdings in Pacific Premier Bancorp by 8.1% during the third quarter. American International Group Inc. now owns 26,281 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 1,966 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Pacific Premier Bancorp by 70.3% during the third quarter. BNP Paribas Arbitrage SA now owns 6,853 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 2,830 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Pacific Premier Bancorp by 266.5% during the third quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 3,041 shares in the last quarter. 86.35% of the stock is currently owned by institutional investors and hedge funds.

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Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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

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