Pacific Premier Bancorp, Inc. (PPBI) Given Consensus Rating of “Hold” by Brokerages
Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $44.75.
PPBI has been the subject of a number of research reports. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, December 27th. ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 target price on shares of Pacific Premier Bancorp in a report on Friday, October 27th.
In related news, Chairman Steven R. Gardner sold 12,500 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $41.02, for a total transaction of $512,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ronald J. Jr. Nicolas purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $36.97 per share, with a total value of $92,425.00. The disclosure for this purchase can be found here. 4.59% of the stock is currently owned by corporate insiders.
Shares of Pacific Premier Bancorp (NASDAQ PPBI) traded down $0.60 during trading hours on Friday, hitting $41.05. 246,500 shares of the stock were exchanged, compared to its average volume of 374,106. Pacific Premier Bancorp has a 1-year low of $32.05 and a 1-year high of $42.55. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1,925.05, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.82.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Pacific Premier Bancorp had a net margin of 21.82% and a return on equity of 9.21%. The business had revenue of $72.51 million during the quarter, compared to analysts’ expectations of $72.23 million. During the same period in the prior year, the company earned $0.33 earnings per share. equities research analysts forecast that Pacific Premier Bancorp will post 1.72 earnings per share for the current fiscal year.
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.
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