Pacific Premier Bancorp Inc. (PPBI) Reaches New 12-Month High at $26.78
Shares of Pacific Premier Bancorp Inc. (NASDAQ:PPBI) hit a new 52-week high on Friday . The company traded as high as $26.78 and last traded at $26.60, with a volume of 63,403 shares trading hands. The stock had previously closed at $26.52.
A number of analysts recently weighed in on the stock. FBR & Co increased their price target on shares of Pacific Premier Bancorp from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. DA Davidson increased their price target 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Pacific Premier Bancorp presently has an average rating of “Buy” and an average target price of $24.67.
The company has a market cap of $737.03 million and a PE ratio of 18.73. The company has a 50 day moving average of $25.01 and a 200 day moving average of $22.93.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Analysts anticipate that Pacific Premier Bancorp Inc. will post $1.56 earnings per share for the current fiscal year.
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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