Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.33.

A number of equities analysts have recently commented on PPBI shares. Piper Sandler reduced 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 research note on Monday, April 29th. DA Davidson dropped their target price on shares of Pacific Premier Bancorp from $32.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Wedbush reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Pacific Premier Bancorp in a report on Wednesday, May 22nd. StockNews.com raised shares of Pacific Premier Bancorp to a “sell” rating in a report on Friday, May 17th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ PPBI opened at $21.59 on Thursday. The firm has a market cap of $2.08 billion, a PE ratio of 166.09 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. Pacific Premier Bancorp has a 1-year low of $17.86 and a 1-year high of $30.13. The company has a fifty day moving average price of $22.11 and a 200 day moving average price of $24.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data 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 company had revenue of $239.21 million during the quarter, compared to the consensus estimate of $166.98 million. During the same period in the prior year, the business posted $0.66 EPS. Research analysts predict that Pacific Premier Bancorp will post 1.78 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $1.32 annualized dividend and a dividend yield of 6.11%. Pacific Premier Bancorp’s dividend payout ratio is presently 1,015.46%.

Insider Transactions at Pacific Premier Bancorp

In related news, CFO Lori R. Wright sold 4,668 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $23.59, for a total transaction of $110,118.12. Following the sale, the chief financial officer now owns 31,259 shares in the company, valued at approximately $737,399.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

Large investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of Pacific Premier Bancorp by 5.0% during 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 in the last quarter. EJF Capital LLC acquired a new position in shares of Pacific Premier Bancorp during the third quarter worth $1,632,000. Hsbc Holdings PLC lifted its holdings in shares of Pacific Premier Bancorp by 1,193.1% during the fourth quarter. Hsbc Holdings PLC now owns 223,429 shares of the financial services provider’s stock worth $6,558,000 after purchasing an additional 206,150 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Pacific Premier Bancorp by 62.3% during the fourth quarter. Rafferty Asset Management LLC now owns 115,734 shares of the financial services provider’s stock worth $3,369,000 after purchasing an additional 44,437 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Pacific Premier Bancorp by 172,950.0% during the fourth quarter. TFO Wealth Partners LLC now owns 24,227 shares of the financial services provider’s stock worth $705,000 after purchasing an additional 24,213 shares during the period. Institutional investors and hedge funds 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.