Pacific Premier Bancorp (NASDAQ:PPBI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “LIFE Financial Corporation is a savings and loan holding company for Life Bank. The company originates, purchases, sells, securitizes and services primarily non-conventional mortgage loans principally secured by first and second mortgages on one- to four-family residences. The Company makes Liberator Series loans, which are for the purchase of residential real property by borrowers who generally would not qualify for Fannie Mae or Freddie Mac loans, and Portfolio Series loans, which is debt consolidation loans for borrowers whose credit history qualifies them. “

Other equities research analysts have also recently issued reports about the stock. Piper Jaffray Companies reissued a “buy” rating and set a $49.00 price target on shares of Pacific Premier Bancorp in a research report on Friday, October 27th. Stephens reissued a “hold” rating and set a $45.00 price target on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. Finally, ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Pacific Premier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.00.

Shares of Pacific Premier Bancorp (NASDAQ PPBI) opened at $40.80 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. Pacific Premier Bancorp has a 52-week low of $32.05 and a 52-week high of $42.55. The company has a market cap of $1,886.80, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.87 and a beta of 0.72.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. The firm had revenue of $87.62 million for the quarter, compared to analysts’ expectations of $83.30 million. During the same period in the previous year, the firm posted $0.43 EPS. sell-side analysts anticipate that Pacific Premier Bancorp will post 2.73 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Pacific Premier Bancorp by 9.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,340 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 460 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Pacific Premier Bancorp by 18.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,555 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 1,000 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Pacific Premier Bancorp by 52.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,177 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Pacific Premier Bancorp by 0.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 295,666 shares of the financial services provider’s stock worth $11,827,000 after purchasing an additional 1,383 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Pacific Premier Bancorp by 8.1% during the 3rd quarter. American International Group Inc. now owns 26,281 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 1,966 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

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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 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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