Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) CFO Ronald J. Jr. Nicolas purchased 1,000 shares of Pacific Premier Bancorp stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average cost of $28.73 per share, for a total transaction of $28,730.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ronald J. Jr. Nicolas also recently made the following trade(s):

  • On Wednesday, November 14th, Ronald J. Jr. Nicolas purchased 1,000 shares of Pacific Premier Bancorp stock. The shares were bought at an average cost of $29.39 per share, for a total transaction of $29,390.00.

Shares of NASDAQ:PPBI opened at $28.05 on Friday. The company has a market cap of $1.77 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.45 and a beta of 1.02. Pacific Premier Bancorp, Inc. has a 1 year low of $26.70 and a 1 year high of $46.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.05.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.54% and a net margin of 23.18%. The business had revenue of $120.26 million for the quarter, compared to the consensus estimate of $121.43 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, analysts anticipate that Pacific Premier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Pacific Premier Bancorp by 60.2% during the third quarter. Vanguard Group Inc. now owns 5,271,251 shares of the financial services provider’s stock worth $196,091,000 after purchasing an additional 1,980,341 shares during the last quarter. Legal & General Group Plc lifted its stake in Pacific Premier Bancorp by 20.6% during the third quarter. Legal & General Group Plc now owns 104,435 shares of the financial services provider’s stock worth $3,883,000 after purchasing an additional 17,849 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in Pacific Premier Bancorp by 125.7% during the third quarter. BW Gestao de Investimentos Ltda. now owns 21,268 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 11,843 shares during the last quarter. Teachers Advisors LLC lifted its stake in Pacific Premier Bancorp by 21.3% during the third quarter. Teachers Advisors LLC now owns 98,813 shares of the financial services provider’s stock worth $3,676,000 after purchasing an additional 17,378 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Pacific Premier Bancorp by 14.2% during the third quarter. Thrivent Financial for Lutherans now owns 30,623 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 3,811 shares during the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.

A number of equities research analysts recently issued reports on PPBI shares. ValuEngine downgraded Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. BidaskClub raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.00.

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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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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