Keefe, Bruyette & Woods Cuts Pacific Premier Bancorp Price Target to $18.00 (PPBI)
Research analysts at Keefe, Bruyette & Woods reduced their price target on shares of Pacific Premier Bancorp (NASDAQ:PPBI) from $18.50 to $18.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 20.97% from the stock’s previous close.
Pacific Premier Bancorp (NASDAQ:PPBI) traded down 0.27% during mid-day trading on Wednesday, hitting $14.94. The stock had a trading volume of 1,793 shares. Pacific Premier Bancorp has a 52 week low of $12.48 and a 52 week high of $17.48. The stock has a 50-day moving average of $14.53 and a 200-day moving average of $14.98. The company has a market cap of $255.0 million and a P/E ratio of 17.96.
Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.27. On average, analysts predict that Pacific Premier Bancorp will post $1.03 earnings per share for the current fiscal year.
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary includes Pacific Premier Bank (NASDAQ:PPBI).
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