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Shares of Pacific Premier Bancorp (NASDAQ:PPBI) hit a new 52-week high on Wednesday, AnalystRatings.NET reports. The company traded as high as $16.67 and last traded at $16.35, with a volume of 55,211 shares trading hands. The stock had previously closed at $15.95.

A number of research firms have recently commented on PPBI. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Pacific Premier Bancorp in a research note to investors on Thursday, December 19th. They set an “outperform” rating on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of Pacific Premier Bancorp from $17.00 to $18.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Pacific Premier Bancorp from $16.00 to $17.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $15.58.

Pacific Premier Bancorp has a 52-week low of $10.61 and a 52-week high of $16.67. The stock’s 50-day moving average is $15.42 and its 200-day moving average is $13.91. The company has a market cap of $270.5 million and a P/E ratio of 28.33.

Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary includes Pacific Premier Bank (NASDAQ:PPBI).

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