Pacific Premier Bancorp Inc (NASDAQ:PPBI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

Several other research firms also recently weighed in on PPBI. Stephens downgraded shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. ValuEngine raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. FBR & Co raised shares of Pacific Premier Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $44.00 in a research note on Monday, May 1st. Finally, Piper Jaffray Companies set a $43.00 price target on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.25.

Shares of Pacific Premier Bancorp (PPBI) traded up 0.479% during mid-day trading on Friday, hitting $36.675. The stock had a trading volume of 128,028 shares. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 25.433 and a beta of 0.72. Pacific Premier Bancorp has a 12-month low of $24.00 and a 12-month high of $41.90. The stock’s 50-day moving average price is $36.35 and its 200-day moving average price is $36.96.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.12. Pacific Premier Bancorp had a return on equity of 9.42% and a net margin of 19.85%. The firm had revenue of $72.10 million for the quarter, compared to the consensus estimate of $68.18 million. During the same period in the prior year, the business earned $0.38 EPS. On average, equities analysts anticipate that Pacific Premier Bancorp will post $1.68 EPS for the current fiscal year.

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In other news, Director Simone Lagomarsino sold 6,250 shares of Pacific Premier Bancorp stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $36.25, for a total transaction of $226,562.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $35.57, for a total transaction of $592,809.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,416 shares of company stock valued at $1,271,247. Insiders own 4.59% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in shares of Pacific Premier Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,184 shares of the financial services provider’s stock worth $450,000 after buying an additional 31 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after buying an additional 207 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Pacific Premier Bancorp by 4.1% in the first quarter. Citadel Advisors LLC now owns 10,632 shares of the financial services provider’s stock worth $410,000 after buying an additional 415 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Pacific Premier Bancorp by 9.4% in the second quarter. PNC Financial Services Group Inc. now owns 5,340 shares of the financial services provider’s stock worth $198,000 after buying an additional 460 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Pacific Premier Bancorp by 0.3% in the first quarter. Alliancebernstein L.P. now owns 156,640 shares of the financial services provider’s stock worth $6,038,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

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 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.

Analyst Recommendations for Pacific Premier Bancorp (NASDAQ:PPBI)

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