Shares of Pacific Premier Bancorp Inc. (NASDAQ:PPBI) reached a new 52-week high on Thursday . The company traded as high as $25.83 and last traded at $25.65, with a volume of 66,733 shares changing hands. The stock had previously closed at $25.34.

PPBI has been the topic of a number of recent analyst reports. FBR & Co initiated coverage on shares of Pacific Premier Bancorp in a report on Thursday, June 30th. They issued an “outperform” rating and a $28.00 price target on the stock. DA Davidson raised their price target on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Finally, Raymond James Financial Inc. raised their price target on shares of Pacific Premier Bancorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Pacific Premier Bancorp currently has an average rating of “Buy” and an average price target of $24.50.

The company’s 50-day moving average is $24.35 and its 200 day moving average is $21.99. The company has a market capitalization of $707.16 million and a PE ratio of 18.18.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued 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 quarter in the previous year, the business earned $0.21 EPS. On average, equities research analysts anticipate that Pacific Premier Bancorp Inc. will post $1.72 earnings per share for the current fiscal year.

A number of hedge funds have modified their holdings of 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 worth $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 worth $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 worth $10,377,000 after buying an additional 17,171 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 worth $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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