Pacific Premier Bancorp Inc. (PPBI) Hits New 52-Week High at $26.97
Pacific Premier Bancorp Inc. (NASDAQ:PPBI) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.97 and last traded at $26.79, with a volume of 20,144 shares. The stock had previously closed at $26.75.
Several research analysts recently issued reports on the stock. FIG Partners lowered shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 21st. FBR & Co increased their target price on shares of Pacific Premier Bancorp from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, July 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.67.
The firm’s 50-day moving average price is $25.57 and its 200-day moving average price is $23.36. The firm has a market cap of $743.39 million and a PE ratio of 18.89.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data 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 research analysts anticipate that Pacific Premier Bancorp Inc. will post $1.56 EPS 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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