Analysts Set Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Price Target at $27.00

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.00.

A number of research firms have recently commented on PPBI. DA Davidson cut their price objective on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Wedbush dropped their target price on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Pacific Premier Bancorp Stock Performance

Pacific Premier Bancorp stock opened at $26.32 on Friday. The stock’s 50-day moving average is $25.60 and its 200-day moving average is $25.72. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 16.05 and a beta of 1.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. Pacific Premier Bancorp has a 12 month low of $20.52 and a 12 month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, topping 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 analysts anticipate that Pacific Premier Bancorp will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 5.02%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 80.49%.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total transaction of $276,492.30. Following the completion of the sale, the executive vice president now owns 79,474 shares in the company, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Algert Global LLC grew its position in shares of Pacific Premier Bancorp by 22.0% in the 3rd quarter. Algert Global LLC now owns 234,616 shares of the financial services provider’s stock worth $5,903,000 after acquiring an additional 42,357 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Pacific Premier Bancorp by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,535 shares of the financial services provider’s stock worth $3,787,000 after acquiring an additional 8,145 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Pacific Premier Bancorp in the 3rd quarter worth approximately $784,000. Azora Capital LP acquired a new position in shares of Pacific Premier Bancorp in the 3rd quarter worth approximately $12,187,000. Finally, Barclays PLC grew its position in shares of Pacific Premier Bancorp by 71.4% in the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock worth $5,123,000 after acquiring an additional 84,859 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

About Pacific Premier Bancorp

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.