Shares of Pacific Premier Bancorp Inc. (NASDAQ:PPBI) reached a new 52-week high on Tuesday . The company traded as high as $26.48 and last traded at $26.47, with a volume of 95,129 shares changing hands. The stock had previously closed at $26.03.

A number of analysts have weighed in on PPBI shares. DA Davidson increased their target price on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. FIG Partners downgraded shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 21st. Finally, FBR & Co raised their price objective on shares of Pacific Premier Bancorp from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Pacific Premier Bancorp has an average rating of “Buy” and an average target price of $24.67.

The stock has a 50-day moving average price of $24.56 and a 200 day moving average price of $22.67. The stock has a market cap of $729.41 million and a P/E ratio of 18.50.

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 the Zacks’ consensus estimate of $0.42 by $0.04. On average, equities analysts predict that Pacific Premier Bancorp Inc. will post $1.56 earnings per share for the current year.

A number of hedge funds recently made changes to their positions in the stock. Argent Capital Management LLC increased its stake in shares of Pacific Premier Bancorp by 54.5% in the fourth quarter. Argent Capital Management LLC now owns 135,875 shares of the financial services provider’s stock valued at $2,887,000 after buying an additional 47,950 shares during the last quarter. GSA Capital Partners LLP increased 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 last quarter. Finally, Russell Frank Co increased 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 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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