Pacific Premier Bancorp Inc (NASDAQ:PPBI) Chairman Steven R. Gardner sold 12,500 shares of Pacific Premier Bancorp stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $41.02, for a total transaction of $512,750.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Steven R. Gardner also recently made the following trade(s):

  • On Tuesday, September 12th, Steven R. Gardner sold 12,500 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.76, for a total transaction of $434,500.00.
  • On Monday, September 11th, Steven R. Gardner sold 7,500 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.14, for a total transaction of $256,050.00.
  • On Tuesday, September 12th, Steven R. Gardner sold 20,000 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $34.53, for a total transaction of $690,600.00.
  • On Tuesday, August 22nd, Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $35.57, for a total transaction of $592,809.62.

Pacific Premier Bancorp Inc (NASDAQ PPBI) traded down 2.68% on Monday, hitting $39.95. 415,735 shares of the company’s stock traded hands. The stock has a market cap of $1.60 billion, a P/E ratio of 27.70 and a beta of 0.73. Pacific Premier Bancorp Inc has a 12 month low of $24.95 and a 12 month high of $42.55. The stock has a 50 day moving average price of $38.29 and a 200-day moving average price of $36.61.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $72.51 million during the quarter, compared to the consensus estimate of $72.23 million. Pacific Premier Bancorp had a return on equity of 10.49% and a net margin of 21.82%. During the same period in the prior year, the company earned $0.33 EPS. Equities analysts predict that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current fiscal year.

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PPBI has been the subject of several research analyst reports. ValuEngine upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies set a $43.00 target price on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a research report on Saturday, August 19th. Finally, Stephens lowered shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Several hedge funds and other institutional investors have recently bought and sold shares of PPBI. UBS Asset Management Americas Inc. bought a new position in shares of Pacific Premier Bancorp during the 1st quarter valued at approximately $214,000. Envestnet Asset Management Inc. boosted its position in shares of Pacific Premier Bancorp by 7.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 207 shares during the last quarter. American International Group Inc. boosted its position in shares of Pacific Premier Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 16,759 shares of the financial services provider’s stock valued at $646,000 after acquiring an additional 1,115 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Pacific Premier Bancorp by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 46,168 shares of the financial services provider’s stock valued at $1,780,000 after acquiring an additional 1,489 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Pacific Premier Bancorp by 20.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 145,283 shares of the financial services provider’s stock valued at $5,601,000 after acquiring an additional 24,649 shares during the last quarter. Hedge funds and other institutional investors own 82.84% of the company’s stock.

About Pacific Premier Bancorp

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.

Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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