Pacific Premier Bancorp Inc. (PPBI) Sets New 1-Year High at $25.83
Pacific Premier Bancorp Inc. (NASDAQ:PPBI)’s share price hit a new 52-week high on Thursday . The stock 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.
Several equities analysts have weighed in on PPBI shares. DA Davidson lifted their price objective on Pacific Premier Bancorp from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 21st. FBR & Co started coverage on Pacific Premier Bancorp in a report on Thursday, June 30th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Raymond James Financial Inc. lifted their price objective on Pacific Premier Bancorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.50.
The firm has a market cap of $712.94 million and a P/E ratio of 18.33. The stock’s 50-day moving average is $24.43 and its 200 day moving average is $22.05.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. During the same period in the prior year, the business earned $0.21 EPS. Equities research analysts expect that Pacific Premier Bancorp Inc. will post $1.72 earnings per share for the current year.
Several large investors recently bought and sold shares of PPBI. Russell Frank Co increased its stake in 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 in the last quarter. Brown Advisory Inc. increased its stake in 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 in the last quarter. GSA Capital Partners LLP increased its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 in the last quarter.
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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