Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 4,787,074 shares, a decline of 39.1% from the July 13th total of 7,854,892 shares. Based on an average daily volume of 348,815 shares, the days-to-cover ratio is presently 13.7 days. Approximately 8.5% of the company’s shares are sold short.

Pacific Premier Bancorp stock opened at $37.70 on Tuesday. Pacific Premier Bancorp has a twelve month low of $32.05 and a twelve month high of $46.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $2.34 billion, a PE ratio of 21.30, a P/E/G ratio of 1.84 and a beta of 0.68.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Pacific Premier Bancorp had a return on equity of 8.61% and a net margin of 24.60%. The company had revenue of $89.32 million for the quarter, compared to analysts’ expectations of $92.28 million. During the same period in the prior year, the company posted $0.35 EPS. analysts predict that Pacific Premier Bancorp will post 2.55 EPS for the current year.

In other news, Chairman Steven R. Gardner sold 37,438 shares of the company’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $41.43, for a total transaction of $1,551,056.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.12% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Pacific Premier Bancorp by 16.7% during the second quarter. BlackRock Inc. now owns 5,929,600 shares of the financial services provider’s stock worth $226,215,000 after purchasing an additional 849,764 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Pacific Premier Bancorp by 123.6% during the second quarter. Janus Henderson Group PLC now owns 3,674,522 shares of the financial services provider’s stock worth $140,183,000 after purchasing an additional 2,031,417 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Pacific Premier Bancorp by 28.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,076,930 shares of the financial services provider’s stock worth $79,236,000 after purchasing an additional 462,393 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Pacific Premier Bancorp by 27.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,684,907 shares of the financial services provider’s stock worth $64,279,000 after purchasing an additional 365,375 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Pacific Premier Bancorp by 0.5% during the first quarter. Royal Bank of Canada now owns 1,452,882 shares of the financial services provider’s stock worth $58,407,000 after purchasing an additional 6,839 shares in the last quarter. 67.87% of the stock is currently owned by institutional investors and hedge funds.

PPBI has been the topic of a number of recent research reports. Stephens reaffirmed a “hold” rating and set a $43.00 price objective on shares of Pacific Premier Bancorp in a research report on Wednesday, July 25th. Zacks Investment Research lowered Pacific Premier Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, June 29th. ValuEngine lowered Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, BidaskClub lowered Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.00.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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