A number of firms have modified their ratings and price targets on shares of Pacific Premier Bancorp (NASDAQ: PPBI) recently:

  • 8/1/2017 – Pacific Premier Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/26/2017 – Pacific Premier Bancorp was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
  • 7/25/2017 – Pacific Premier Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/24/2017 – Pacific Premier Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/12/2017 – Pacific Premier Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/29/2017 – Pacific Premier Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/29/2017 – Pacific Premier Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 6/28/2017 – Pacific Premier Bancorp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $42.00 price target on the stock.
  • 6/28/2017 – Pacific Premier Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. 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. “
  • 6/23/2017 – Pacific Premier Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/9/2017 – Pacific Premier Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Pacific Premier Bancorp Inc (NASDAQ PPBI) opened at 36.00 on Tuesday. The firm has a market cap of $1.44 billion, a P/E ratio of 24.97 and a beta of 0.72. Pacific Premier Bancorp Inc has a 12-month low of $24.00 and a 12-month high of $41.90. The company’s 50 day moving average price is $36.56 and its 200-day moving average price is $37.22.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.12. The firm had revenue of $72.10 million during the quarter, compared to analyst estimates of $68.18 million. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 11.98%. During the same period last year, the company earned $0.38 earnings per share. On average, equities research analysts anticipate that Pacific Premier Bancorp Inc will post $1.68 EPS for the current year.

In related news, Director Simone Lagomarsino sold 6,250 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $37.00, for a total value of $231,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 18,750 shares of company stock valued at $684,688. Insiders own 4.59% of the company’s stock.

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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