Pacific Premier Bancorp Inc (NASDAQ:PPBI) President Edward Earl Wilcox sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $32.81, for a total value of $820,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Pacific Premier Bancorp Inc (NASDAQ PPBI) opened at 35.05 on Thursday. The stock has a market capitalization of $1.40 billion, a PE ratio of 24.31 and a beta of 0.73. The company’s 50-day moving average price is $35.53 and its 200-day moving average price is $36.47. Pacific Premier Bancorp Inc has a one year low of $24.00 and a one year high of $41.90.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.12). The business had revenue of $72.10 million during the quarter, compared to analyst estimates of $68.18 million. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. During the same quarter in the previous year, the company posted $0.38 earnings per share. Equities research analysts predict that Pacific Premier Bancorp Inc will post $1.68 EPS for the current year.

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A number of analysts recently issued reports on PPBI shares. Zacks Investment Research raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $42.00 price objective on shares of Pacific Premier Bancorp in a research report on Wednesday, June 28th. BidaskClub downgraded Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Piper Jaffray Companies set a $43.00 price objective on Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Saturday, August 19th. Finally, Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $42.25.

A number of institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in Pacific Premier Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,184 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 31 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 207 shares during the last quarter. Citadel Advisors LLC increased its stake in Pacific Premier Bancorp by 4.1% in the first quarter. Citadel Advisors LLC now owns 10,632 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 415 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Pacific Premier Bancorp by 9.4% in the second quarter. PNC Financial Services Group Inc. now owns 5,340 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 460 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Pacific Premier Bancorp by 0.3% in the first quarter. Alliancebernstein L.P. now owns 156,640 shares of the financial services provider’s stock valued at $6,038,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Pacific Premier Bancorp Company Profile

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 Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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