Pacific Premier Bancorp Inc. (PPBI) Sees Unusually-High Trading Volume
Shares of Pacific Premier Bancorp Inc. (NASDAQ:PPBI) saw unusually-strong trading volume on Monday . Approximately 197,471 shares changed hands during trading, an increase of 42% from the previous session’s volume of 138,683 shares.The stock last traded at $25.84 and had previously closed at $25.56.
A number of research analysts have recently issued reports on PPBI shares. FBR & Co started coverage on Pacific Premier Bancorp in a research note on Thursday, June 30th. They set an “outperform” rating and a $28.00 price objective on the stock. DA Davidson raised their price objective on Pacific Premier Bancorp from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Finally, FIG Partners cut Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.67.
The firm has a 50 day moving average price of $24.44 and a 200-day moving average price of $22.60. The stock has a market capitalization of $719.73 million and a P/E ratio of 18.25.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. Equities research analysts predict that Pacific Premier Bancorp Inc. will post $1.56 EPS for the current year.
An institutional investor recently raised its position in Pacific Premier Bancorp stock. Russell Frank Co increased its stake in Pacific Premier Bancorp Inc. (NASDAQ:PPBI) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,699 shares of the financial services provider’s stock after buying an additional 1,968 shares during the period. Russell Frank Co owned about 0.50% of Pacific Premier Bancorp worth $2,332,000 at the end of the most recent 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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