Pacific Premier Bancorp Inc (NASDAQ:PPBI) Director Simone Lagomarsino sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $36.00, for a total value of $225,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Simone Lagomarsino also recently made the following trade(s):

  • On Monday, July 17th, Simone Lagomarsino sold 6,250 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $36.25, for a total value of $226,562.50.
  • On Thursday, June 15th, Simone Lagomarsino sold 6,250 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $36.30, for a total value of $226,875.00.

Shares of Pacific Premier Bancorp Inc (PPBI) traded up 0.83% during trading on Tuesday, hitting $36.30. The stock had a trading volume of 141,542 shares. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 25.17 and a beta of 0.72. Pacific Premier Bancorp Inc has a 1-year low of $24.00 and a 1-year high of $41.90. The firm has a 50 day moving average of $36.50 and a 200 day moving average of $37.12.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.12. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. The business had revenue of $72.10 million for the quarter, compared to the consensus estimate of $68.18 million. During the same quarter last year, the firm earned $0.38 EPS. Analysts expect that Pacific Premier Bancorp Inc will post $1.68 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in PPBI. Acrospire Investment Management LLC purchased a new stake in shares of Pacific Premier Bancorp during the first quarter worth about $109,000. Envestnet Asset Management Inc. raised its stake in shares of 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 buying an additional 207 shares in the last quarter. Citigroup Inc. raised its stake in shares of 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. First Mercantile Trust Co. purchased a new stake in shares of Pacific Premier Bancorp during the second quarter worth about $113,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of 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. 65.29% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on PPBI. ValuEngine downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub downgraded Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 target price on shares of Pacific Premier Bancorp in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Pacific Premier Bancorp has a consensus rating of “Hold” and a consensus target price of $41.75.

Pacific Premier Bancorp Company Profile

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)

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