Pacific Premier Bancorp Inc. (PPBI) to Release Earnings on Wednesday
Pacific Premier Bancorp Inc. (NASDAQ:PPBI) is scheduled to be announcing its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $6.23 million for the quarter.
Pacific Premier Bancorp Inc. (NASDAQ:PPBI) opened at 26.45 on Tuesday. The firm’s 50-day moving average is $26.89 and its 200 day moving average is $24.74. Pacific Premier Bancorp Inc. has a 1-year low of $18.32 and a 1-year high of $28.35. The stock has a market capitalization of $731.50 million, a price-to-earnings ratio of 18.59 and a beta of 0.62.
A number of hedge funds and other institutional investors have recently bought and sold shares of PPBI. Teachers Advisors Inc. increased its position in Pacific Premier Bancorp by 15.0% in the second quarter. Teachers Advisors Inc. now owns 43,061 shares of the financial services provider’s stock valued at $1,033,000 after buying an additional 5,625 shares in the last quarter. United Services Automobile Association increased its position in Pacific Premier Bancorp by 6.6% in the second quarter. United Services Automobile Association now owns 61,400 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 3,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Pacific Premier Bancorp during the second quarter valued at approximately $20,477,000. American International Group Inc. increased its position in Pacific Premier Bancorp by 21.1% in the second quarter. American International Group Inc. now owns 15,661 shares of the financial services provider’s stock valued at $376,000 after buying an additional 2,733 shares in the last quarter. Finally, AXA purchased a new position in Pacific Premier Bancorp during the second quarter valued at approximately $437,000. 71.78% of the stock is owned by hedge funds and other institutional investors.
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Several research analysts have recently weighed in on PPBI shares. FBR & Co started coverage on Pacific Premier Bancorp in a research note on Thursday, June 30th. They set an “outperform” rating and a $28.00 target price for the company. FIG Partners downgraded Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.25.
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 Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services and online bill payment.
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