Pacific Premier Bancorp (PPBI) Given a $55.00 Price Target by Piper Jaffray Companies Analysts

Pacific Premier Bancorp (NASDAQ:PPBI) has been given a $55.00 price objective by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 34.80% from the company’s current price.

Other analysts have also recently issued research reports about the company. Stephens reiterated a “hold” rating and set a $45.00 price objective on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. Zacks Investment Research cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, ValuEngine cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.

Pacific Premier Bancorp (NASDAQ PPBI) remained flat at $$40.80 during trading on Tuesday. 309,248 shares of the company’s stock were exchanged, compared to its average volume of 383,052. The company has a market cap of $1,808.18, a PE ratio of 26.32, a PEG ratio of 1.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.04. Pacific Premier Bancorp has a 52-week low of $32.05 and a 52-week high of $42.55.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $87.62 million during the quarter, compared to analysts’ expectations of $83.30 million. Pacific Premier Bancorp had a return on equity of 8.65% and a net margin of 19.96%. During the same quarter in the prior year, the business earned $0.43 earnings per share. equities analysts predict that Pacific Premier Bancorp will post 2.73 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of PPBI. Citigroup Inc. increased its position in Pacific Premier Bancorp by 664.8% in the second quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,646 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Pacific Premier Bancorp by 52.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,177 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in Pacific Premier Bancorp in the fourth quarter worth about $130,000. Quantbot Technologies LP increased its position in Pacific Premier Bancorp by 266.5% in the third quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock worth $157,000 after buying an additional 3,041 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Pacific Premier Bancorp in the third quarter worth about $196,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

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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.

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