Pacific Premier Bancorp Inc. (PPBI) Reaches New 1-Year High at $26.78
Pacific Premier Bancorp Inc. (NASDAQ:PPBI) shares reached a new 52-week high during trading on Friday . The stock traded as high as $26.78 and last traded at $26.60, with a volume of 63,403 shares. The stock had previously closed at $26.52.
Several research analysts have recently commented on PPBI shares. FBR & Co started coverage on Pacific Premier Bancorp in a report on Thursday, June 30th. They set an “outperform” rating and a $28.00 price target on the stock. FIG Partners lowered Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, July 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. 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 $737.86 million and a PE ratio of 18.75. The stock’s 50 day moving average is $25.09 and its 200 day moving average is $22.98.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Equities research analysts predict that Pacific Premier Bancorp Inc. will post $1.56 earnings per share for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.