Pacific Premier Bancorp Inc (NASDAQ:PPBI) Director Zareh Hovik Sarrafian bought 1,500 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of $32.65 per share, with a total value of $48,975.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Pacific Premier Bancorp Inc (NASDAQ PPBI) opened at 35.05 on Thursday. Pacific Premier Bancorp Inc has a 1-year low of $24.00 and a 1-year high of $41.90. The company’s 50-day moving average is $35.53 and its 200 day moving average is $36.47. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.31 and a beta of 0.73.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing the 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 during the quarter, compared to analyst estimates of $68.18 million. During the same quarter in the previous year, the business posted $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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Several large investors have recently modified their holdings of PPBI. Teachers Advisors LLC grew its position in shares of Pacific Premier Bancorp by 3.8% during the 4th quarter. Teachers Advisors LLC now owns 44,679 shares of the financial services provider’s stock worth $1,579,000 after buying an additional 1,618 shares during the period. Russell Investments Group Ltd. grew its position in shares of Pacific Premier Bancorp by 9.2% during the 1st quarter. Russell Investments Group Ltd. now owns 123,155 shares of the financial services provider’s stock worth $4,747,000 after buying an additional 10,390 shares during the period. First Trust Advisors LP grew its position in shares of Pacific Premier Bancorp by 10.7% during the 1st quarter. First Trust Advisors LP now owns 51,683 shares of the financial services provider’s stock worth $1,992,000 after buying an additional 4,990 shares during the period. Bank of New York Mellon Corp grew its position in shares of Pacific Premier Bancorp by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 288,262 shares of the financial services provider’s stock worth $11,112,000 after buying an additional 30,055 shares during the period. Finally, Swiss National Bank grew its position in shares of Pacific Premier Bancorp by 28.6% during the 1st quarter. Swiss National Bank now owns 58,474 shares of the financial services provider’s stock worth $2,254,000 after buying an additional 13,000 shares during the period. Institutional investors own 82.41% of the company’s stock.

Several research analysts have commented on the stock. ValuEngine upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Stephens cut shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. Piper Jaffray Companies set a $43.00 price objective on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price objective on shares of Pacific Premier Bancorp in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.25.

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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