Pacific Premier Bancorp Inc. (NASDAQ:PPBI) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by $0.09. Pacific Premier Bancorp had a net margin of 22.05% and a return on equity of 10.45%.

Pacific Premier Bancorp (NASDAQ:PPBI) opened at 26.40 on Wednesday. Pacific Premier Bancorp has a 12-month low of $18.32 and a 12-month high of $28.35. The company has a market capitalization of $730.12 million, a PE ratio of 18.55 and a beta of 0.62. The stock has a 50 day moving average of $26.88 and a 200 day moving average of $24.78.

Earnings History for Pacific Premier Bancorp (NASDAQ:PPBI)

Several hedge funds have recently modified their holdings of PPBI. Panagora Asset Management Inc. acquired a new stake in shares of Pacific Premier Bancorp during the second quarter valued at $103,000. US Bancorp DE raised its stake in shares of Pacific Premier Bancorp by 6.4% in the second quarter. US Bancorp DE now owns 5,331 shares of the financial services provider’s stock valued at $128,000 after buying an additional 320 shares during the period. BlackRock Inc. raised its stake in shares of Pacific Premier Bancorp by 202.5% in the second quarter. BlackRock Inc. now owns 6,642 shares of the financial services provider’s stock valued at $159,000 after buying an additional 4,446 shares during the period. BlackRock Advisors LLC raised its stake in shares of Pacific Premier Bancorp by 5.6% in the second quarter. BlackRock Advisors LLC now owns 12,634 shares of the financial services provider’s stock valued at $303,000 after buying an additional 672 shares during the period. Finally, American International Group Inc. raised its stake in shares of Pacific Premier Bancorp by 21.1% in the second quarter. American International Group Inc. now owns 15,661 shares of the financial services provider’s stock valued at $376,000 after buying an additional 2,733 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

PPBI has been the topic of several analyst reports. FBR & Co initiated coverage on shares of Pacific Premier Bancorp in a research note on Thursday, June 30th. They issued an “outperform” rating and a $28.00 price target on the stock. FIG Partners lowered shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pacific Premier Bancorp has a consensus rating of “Hold” and a consensus target price of $24.25.

Pacific Premier Bancorp Company Profile

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.

5 Day Chart for NASDAQ:PPBI

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