Pacific Premier Bancorp Inc (NASDAQ:PPBI) CEO Steven R. Gardner sold 7,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.14, for a total transaction of $256,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steven R. Gardner also recently made the following trade(s):

  • On Tuesday, September 12th, Steven R. Gardner sold 12,500 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.76, for a total transaction of $434,500.00.
  • On Tuesday, September 12th, Steven R. Gardner sold 20,000 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.53, for a total transaction of $690,600.00.
  • On Tuesday, August 22nd, Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $35.57, for a total transaction of $592,809.62.

Pacific Premier Bancorp Inc (NASDAQ:PPBI) opened at 34.55 on Friday. Pacific Premier Bancorp Inc has a 12 month low of $24.00 and a 12 month high of $41.90. The stock’s 50 day moving average is $35.38 and its 200-day moving average is $36.41. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 23.96 and a beta of 0.73.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share. Equities analysts anticipate that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in shares of Pacific Premier Bancorp in the 1st quarter valued at approximately $109,000. Envestnet Asset Management Inc. boosted its stake in shares of Pacific Premier Bancorp by 7.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 207 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Pacific Premier Bancorp in the 2nd quarter valued at approximately $113,000. Citigroup Inc. boosted its stake in shares of Pacific Premier Bancorp by 664.8% in the 2nd quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Pacific Premier Bancorp by 52.0% in the 2nd 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. Institutional investors own 82.41% of the company’s stock.

A number of research firms have commented on PPBI. Stephens lowered shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies set a $43.00 target price on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Saturday, August 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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