Shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.00.

A number of brokerages have issued reports on PPBI. ValuEngine downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price objective on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Finally, BidaskClub upgraded Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th.

In other news, CEO Steven R. Gardner sold 7,500 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.14, for a total transaction of $256,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ronald J. Jr. Nicolas purchased 2,500 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $36.97 per share, with a total value of $92,425.00. The disclosure for this purchase can be found here. Insiders sold a total of 77,500 shares of company stock valued at $2,714,150 in the last 90 days. Corporate insiders own 4.59% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in shares of Pacific Premier Bancorp by 95.8% during the 2nd quarter. New York State Common Retirement Fund now owns 73,638 shares of the financial services provider’s stock worth $2,717,000 after acquiring an additional 36,033 shares during the period. Janus Henderson Group PLC bought a new position in shares of Pacific Premier Bancorp during the 2nd quarter worth $31,506,000. TD Asset Management Inc. bought a new position in shares of Pacific Premier Bancorp during the 2nd quarter worth $601,000. CNH Partners LLC bought a new position in shares of Pacific Premier Bancorp during the 2nd quarter worth $1,384,000. Finally, Jennison Associates LLC bought a new position in shares of Pacific Premier Bancorp during the 2nd quarter worth $466,000. Institutional investors own 71.87% of the company’s stock.

Shares of Pacific Premier Bancorp (NASDAQ:PPBI) traded up $0.37 during trading hours on Friday, hitting $39.97. The stock had a trading volume of 478,338 shares, compared to its average volume of 355,281. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01. Pacific Premier Bancorp has a one year low of $31.75 and a one year high of $42.55. The firm has a market capitalization of $1,837.23, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.96 and a beta of 0.86.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly 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 business had revenue of $72.51 million during the quarter, compared to analyst estimates of $72.23 million. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. During the same period in the prior year, the firm posted $0.33 EPS. research analysts anticipate that Pacific Premier Bancorp will post 1.68 EPS for the current year.

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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.

Analyst Recommendations for Pacific Premier Bancorp (NASDAQ:PPBI)

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