Pacific Premier Bancorp Inc. (NASDAQ:PPBI) saw an uptick in trading volume on Wednesday . 130,212 shares changed hands during trading, a decline of 11% from the previous session’s volume of 145,537 shares.The stock last traded at $25.28 and had previously closed at $25.07.

A number of research firms recently commented on PPBI. FBR & Co began coverage on Pacific Premier Bancorp in a research report on Thursday, June 30th. They set an “outperform” rating and a $28.00 price objective for the company. DA Davidson lifted their price objective on Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Finally, Raymond James Financial Inc. lifted their price objective on Pacific Premier Bancorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.50.

The firm has a market capitalization of $698.07 million and a P/E ratio of 17.95. The company’s 50 day moving average is $24.35 and its 200-day moving average is $21.99.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. During the same period last year, the business posted $0.21 EPS. On average, equities analysts forecast that Pacific Premier Bancorp Inc. will post $1.72 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Pacific Premier Bancorp by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 714,162 shares of the financial services provider’s stock valued at $15,176,000 after buying an additional 88,479 shares during the period. GSA Capital Partners LLP raised its stake in shares of Pacific Premier Bancorp by 157.0% in the fourth quarter. GSA Capital Partners LLP now owns 60,081 shares of the financial services provider’s stock valued at $1,277,000 after buying an additional 36,706 shares during the period. Brown Advisory Inc. raised its stake in shares of Pacific Premier Bancorp by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 488,337 shares of the financial services provider’s stock valued at $10,377,000 after buying an additional 17,171 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Pacific Premier Bancorp by 0.7% in the fourth quarter. Eagle Asset Management Inc. now owns 429,891 shares of the financial services provider’s stock valued at $9,135,000 after buying an additional 2,818 shares during the period. Finally, Russell Frank Co raised its stake in shares of Pacific Premier Bancorp by 1.9% in the fourth quarter. Russell Frank Co now owns 107,699 shares of the financial services provider’s stock valued at $2,332,000 after buying an additional 1,968 shares during the period.

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 Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services and online bill payment.

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