Pacific Premier Bancorp (NASDAQ:PPBI) Upgraded at StockNews.com

Pacific Premier Bancorp (NASDAQ:PPBI) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research note issued to investors on Thursday.

Several other brokerages also recently issued reports on PPBI. Raymond James reissued an “outperform” rating and set a $25.00 price target (down previously from $29.00) on shares of Pacific Premier Bancorp in a report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their price target on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Stephens reissued an “equal weight” rating and set a $28.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. TheStreet downgraded shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Finally, Wedbush reissued a “neutral” rating and set a $25.00 price target on shares of Pacific Premier Bancorp in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pacific Premier Bancorp presently has a consensus rating of “Hold” and an average price target of $26.33.

Pacific Premier Bancorp Stock Performance

Pacific Premier Bancorp stock traded down $0.01 during mid-day trading on Thursday, reaching $23.23. The company’s stock had a trading volume of 566,660 shares, compared to its average volume of 547,311. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 178.69 and a beta of 1.21. The business has a 50 day moving average price of $22.73 and a 200-day moving average price of $24.16. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. Pacific Premier Bancorp has a twelve month low of $17.59 and a twelve month high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. The firm had revenue of $239.21 million during the quarter, compared to the consensus estimate of $166.98 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. Sell-side analysts predict that Pacific Premier Bancorp will post 1.79 EPS for the current fiscal year.

Insider Buying and Selling

In other Pacific Premier Bancorp news, Director Barbara Polsky purchased 1,200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now owns 14,507 shares in the company, valued at $347,007.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Pacific Premier Bancorp by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 11,316,980 shares of the financial services provider’s stock worth $329,437,000 after buying an additional 65,694 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Pacific Premier Bancorp by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,067,760 shares of the financial services provider’s stock valued at $147,527,000 after purchasing an additional 131,448 shares during the period. American Century Companies Inc. increased its holdings in shares of Pacific Premier Bancorp by 5.0% in the 3rd quarter. American Century Companies Inc. now owns 4,153,813 shares of the financial services provider’s stock valued at $90,387,000 after purchasing an additional 198,874 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Pacific Premier Bancorp by 9.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,486,456 shares of the financial services provider’s stock valued at $72,381,000 after purchasing an additional 207,901 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Pacific Premier Bancorp by 6.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,477,208 shares of the financial services provider’s stock valued at $43,002,000 after purchasing an additional 86,564 shares during the period. 93.11% of the stock is currently owned by institutional investors.

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.