Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives $27.00 Average PT from Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.00.

Separately, DA Davidson decreased their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 24th.

Pacific Premier Bancorp Price Performance

NASDAQ PPBI opened at $23.38 on Tuesday. The company has a 50-day moving average price of $24.81 and a 200-day moving average price of $25.62. The firm has a market capitalization of $2.25 billion, a P/E ratio of 14.26 and a beta of 1.26. Pacific Premier Bancorp has a 52 week low of $20.52 and a 52 week high of $30.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. Equities research analysts anticipate that Pacific Premier Bancorp will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.65%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 80.49%.

Insider Activity

In related news, EVP Michael S. Karr sold 10,290 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the transaction, the executive vice president now owns 79,474 shares in the company, valued at approximately $2,135,466.38. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in PPBI. Azora Capital LP bought a new position in Pacific Premier Bancorp during the 3rd quarter valued at $12,187,000. Raymond James Financial Inc. purchased a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth $8,720,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Pacific Premier Bancorp by 13.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider’s stock worth $69,651,000 after acquiring an additional 321,716 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth $7,798,000. Finally, Invesco Ltd. raised its holdings in shares of Pacific Premier Bancorp by 12.1% during the fourth quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider’s stock worth $55,990,000 after acquiring an additional 241,881 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.