Pacific Premier Bancorp (NASDAQ:PPBI) Given New $27.00 Price Target at Wedbush

Pacific Premier Bancorp (NASDAQ:PPBI) had its target price reduced by Wedbush from $28.00 to $27.00 in a research report released on Tuesday morning, Benzinga reports. Wedbush currently has a neutral rating on the financial services provider’s stock. Wedbush also issued estimates for Pacific Premier Bancorp’s Q1 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.60 EPS and FY2026 earnings at $1.75 EPS.

Other equities analysts have also issued research reports about the stock. Raymond James upped their price objective on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an outperform rating in a report on Thursday, July 25th. Stephens upped their price target on Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an equal weight rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pacific Premier Bancorp currently has an average rating of Hold and a consensus target price of $26.83.

Pacific Premier Bancorp Stock Up 0.4 %

Shares of Pacific Premier Bancorp stock opened at $24.64 on Tuesday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 189.54 and a beta of 1.23. The stock’s 50-day moving average is $25.19 and its 200 day moving average is $23.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.89. Pacific Premier Bancorp has a one year low of $17.86 and a one year high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $154.62 million for the quarter, compared to analyst estimates of $162.23 million. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Equities research analysts anticipate that Pacific Premier Bancorp will post 1.65 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, August 5th. This represents a $1.32 dividend on an annualized basis and a yield of 5.36%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is currently 1,015.38%.

Insider Transactions at Pacific Premier Bancorp

In related news, Director Jeff C. Jones sold 11,251 shares of Pacific Premier Bancorp stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.62, for a total transaction of $265,748.62. Following the transaction, the director now owns 123,794 shares of the company’s stock, valued at $2,924,014.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Pacific Premier Bancorp news, Director Jeff C. Jones sold 11,251 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $23.62, for a total transaction of $265,748.62. Following the transaction, the director now directly owns 123,794 shares in the company, valued at approximately $2,924,014.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Edward Earl Wilcox sold 30,499 shares of Pacific Premier Bancorp stock in a transaction on Monday, September 9th. The stock was sold at an average price of $23.63, for a total transaction of $720,691.37. Following the transaction, the chief operating officer now directly owns 230,592 shares in the company, valued at $5,448,888.96. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Pacific Premier Bancorp

Several hedge funds have recently modified their holdings of PPBI. Norges Bank bought a new position in shares of Pacific Premier Bancorp in the fourth quarter valued at approximately $34,788,000. William Blair Investment Management LLC grew its stake in Pacific Premier Bancorp by 56.0% in the 1st quarter. William Blair Investment Management LLC now owns 1,328,776 shares of the financial services provider’s stock valued at $31,891,000 after purchasing an additional 477,167 shares during the period. Kennedy Capital Management LLC bought a new position in Pacific Premier Bancorp in the 1st quarter valued at $7,812,000. Eagle Asset Management Inc. increased its position in shares of Pacific Premier Bancorp by 1,724.3% during the 4th quarter. Eagle Asset Management Inc. now owns 292,576 shares of the financial services provider’s stock valued at $8,517,000 after purchasing an additional 276,538 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Pacific Premier Bancorp by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 4,253,161 shares of the financial services provider’s stock worth $97,695,000 after buying an additional 242,721 shares during the last quarter. Institutional investors 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.