Pacific Premier Bancorp Inc. (PPBI) Reaches New 12-Month High at $27.19
Pacific Premier Bancorp Inc. (NASDAQ:PPBI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.19 and last traded at $27.18, with a volume of 66,600 shares. The stock had previously closed at $27.02.
A number of equities analysts have issued reports on the company. FBR & Co increased their price target on Pacific Premier Bancorp from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, July 21st. FIG Partners downgraded 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 stock. Pacific Premier Bancorp has an average rating of “Buy” and an average target price of $24.67.
The firm’s 50-day moving average is $25.71 and its 200-day moving average is $23.43. The stock has a market cap of $751.69 million and a price-to-earnings ratio of 19.10.
Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly 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. Analysts expect that Pacific Premier Bancorp Inc. will post $1.56 EPS 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.
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