Pacific Premier Bancorp Inc (NASDAQ:PPBI) Chairman Steven R. Gardner sold 12,500 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $41.02, for a total transaction of $512,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Steven R. Gardner also recently made the following trade(s):

  • On Tuesday, September 12th, Steven R. Gardner sold 12,500 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.76, for a total transaction of $434,500.00.
  • On Monday, September 11th, Steven R. Gardner sold 7,500 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.14, for a total transaction of $256,050.00.
  • On Tuesday, September 12th, Steven R. Gardner sold 20,000 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.53, for a total transaction of $690,600.00.
  • On Tuesday, August 22nd, Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $35.57, for a total transaction of $592,809.62.

Shares of Pacific Premier Bancorp Inc (PPBI) opened at 39.95 on Tuesday. The company has a 50-day moving average price of $38.29 and a 200-day moving average price of $36.61. The company has a market capitalization of $1.60 billion, a PE ratio of 27.70 and a beta of 0.73. Pacific Premier Bancorp Inc has a 52 week low of $24.95 and a 52 week high of $42.55.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $72.23 million. Pacific Premier Bancorp had a return on equity of 10.49% and a net margin of 21.82%. During the same period last year, the firm posted $0.33 earnings per share. Analysts predict that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Pacific Premier Bancorp Inc (PPBI) Chairman Steven R. Gardner Sells 12,500 Shares of Stock” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.watchlistnews.com/pacific-premier-bancorp-inc-ppbi-chairman-steven-r-gardner-sells-12500-shares-of-stock/1667241.html.

PPBI has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Stephens downgraded shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. Finally, Piper Jaffray Companies set a $43.00 price target on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.00.

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 207 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Pacific Premier Bancorp in the second quarter worth about $113,000. Citigroup Inc. boosted 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 purchasing an additional 2,646 shares during the last quarter. Ameritas Investment Partners Inc. boosted 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 purchasing an additional 1,177 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Pacific Premier Bancorp in the second quarter worth about $133,000. 82.84% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

Receive News & Ratings for Pacific Premier Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.