Pacific Premier Bancorp (PPBI) Getting Somewhat Favorable Press Coverage, Report Shows
Media coverage about Pacific Premier Bancorp (NASDAQ:PPBI) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Premier Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.9482777072471 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Pacific Premier Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : PPBI-US : November 20, 2017 (finance.yahoo.com)
- Pacific Premier Bancorp, Inc. :PPBI-US: Earnings Analysis: Q3, 2017 By the Numbers : November 20, 2017 (finance.yahoo.com)
- $83.30 Million in Sales Expected for Pacific Premier Bancorp Inc (PPBI) This Quarter (americanbankingnews.com)
- $0.41 Earnings Per Share Expected for Pacific Premier Bancorp Inc (PPBI) This Quarter (americanbankingnews.com)
- Chargers Pick Pacific Premier (ocbj.com)
Several research firms have recently issued reports on PPBI. ValuEngine lowered Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub raised Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Stephens lowered Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. Finally, Piper Jaffray Companies set a $43.00 price target on Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.00.
Shares of Pacific Premier Bancorp (NASDAQ:PPBI) traded up $0.15 during trading hours on Wednesday, reaching $39.00. The company’s stock had a trading volume of 381,400 shares, compared to its average volume of 353,443. Pacific Premier Bancorp has a fifty-two week low of $31.40 and a fifty-two week high of $42.55. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1,795.63, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.90 and a beta of 0.86.
Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. The business had revenue of $72.51 million during the quarter, compared to analyst estimates of $72.23 million. During the same quarter in the previous year, the firm earned $0.33 EPS. sell-side analysts anticipate that Pacific Premier Bancorp will post 1.68 EPS for the current year.
In related news, Director Zareh Hovik Sarrafian acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average cost of $32.65 per share, for a total transaction of $48,975.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Edward Earl Wilcox sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.81, for a total value of $820,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,500 shares of company stock valued at $2,714,150 in the last ninety days. Insiders own 4.59% of the company’s stock.
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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.
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