Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $43.00.

PPBI has been the topic of several recent analyst reports. BidaskClub downgraded shares of Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. ValuEngine downgraded shares of Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. FIG Partners reaffirmed an “outperform” rating on shares of Pacific Premier Bancorp in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, TheStreet downgraded shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Friday, December 21st.

Shares of PPBI traded up $0.12 on Thursday, hitting $28.90. 85,473 shares of the stock traded hands, compared to its average volume of 495,710. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.36 and a beta of 1.26. Pacific Premier Bancorp has a 1 year low of $23.01 and a 1 year high of $43.20.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $122.26 million for the quarter, compared to the consensus estimate of $121.76 million. Pacific Premier Bancorp had a net margin of 25.76% and a return on equity of 8.59%. The company’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities analysts expect that Pacific Premier Bancorp will post 2.64 EPS for the current fiscal year.

In other news, Chairman Steven R. Gardner sold 43,535 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $29.92, for a total value of $1,302,567.20. Following the completion of the sale, the chairman now owns 234,880 shares of the company’s stock, valued at $7,027,609.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.12% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in PPBI. Vanguard Group Inc grew its holdings in Pacific Premier Bancorp by 60.2% during the 3rd quarter. Vanguard Group Inc now owns 5,271,251 shares of the financial services provider’s stock worth $196,091,000 after acquiring an additional 1,980,341 shares in the last quarter. Vanguard Group Inc. grew its holdings in Pacific Premier Bancorp by 60.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,271,251 shares of the financial services provider’s stock worth $196,091,000 after acquiring an additional 1,980,341 shares in the last quarter. Golden Gate Private Equity Inc. acquired a new position in Pacific Premier Bancorp during the 4th quarter worth $17,290,000. BlackRock Inc. grew its holdings in Pacific Premier Bancorp by 11.3% during the 3rd quarter. BlackRock Inc. now owns 6,598,835 shares of the financial services provider’s stock worth $245,478,000 after acquiring an additional 669,235 shares in the last quarter. Finally, Norges Bank acquired a new position in Pacific Premier Bancorp during the 4th quarter worth $10,140,000. 82.01% of the stock is owned by institutional investors.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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