Pacific Premier Bancorp Inc (NASDAQ:PPBI) Director Simone Lagomarsino sold 6,250 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $36.00, for a total value of $225,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Simone Lagomarsino also recently made the following trade(s):

  • On Monday, July 17th, Simone Lagomarsino sold 6,250 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $36.25, for a total value of $226,562.50.
  • On Thursday, June 15th, Simone Lagomarsino sold 6,250 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $36.30, for a total value of $226,875.00.

Shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) opened at 35.25 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 24.45 and a beta of 0.72. The company’s 50 day moving average price is $36.52 and its 200 day moving average price is $37.07. Pacific Premier Bancorp Inc has a one year low of $24.00 and a one year high of $41.90.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.12. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. The company had revenue of $72.10 million for the quarter, compared to analyst estimates of $68.18 million. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts expect that Pacific Premier Bancorp Inc will post $1.68 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC bought a new position in Pacific Premier Bancorp during the first quarter worth about $109,000. Envestnet Asset Management Inc. raised its position in shares of Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after buying an additional 207 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Pacific Premier Bancorp during the second quarter worth about $113,000. Citigroup Inc. raised its position in shares of Pacific Premier Bancorp by 664.8% in the second quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,646 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of Pacific Premier Bancorp by 52.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,177 shares during the period. Institutional investors and hedge funds own 65.29% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. BidaskClub downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, April 28th. ValuEngine raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, FBR & Co raised Pacific Premier Bancorp from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $44.00 in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.75.

About Pacific Premier Bancorp

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 Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

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

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