Pacific Premier Bancorp Inc (NASDAQ:PPBI) CEO Steven R. Gardner sold 12,500 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.76, for a total transaction of $434,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Steven R. Gardner also recently made the following trade(s):

  • On Monday, September 11th, Steven R. Gardner sold 7,500 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.14, for a total transaction of $256,050.00.
  • On Tuesday, September 12th, Steven R. Gardner sold 20,000 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.53, for a total transaction of $690,600.00.
  • On Tuesday, August 22nd, Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $35.57, for a total transaction of $592,809.62.

Shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) opened at 34.55 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 23.96 and a beta of 0.73. Pacific Premier Bancorp Inc has a 1-year low of $24.00 and a 1-year high of $41.90. The company’s 50-day moving average is $35.38 and its 200 day moving average is $36.41.

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

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Several institutional investors have recently modified their holdings of PPBI. Janus Henderson Group PLC acquired a new stake in shares of Pacific Premier Bancorp during the 2nd quarter valued at about $31,506,000. Wellington Management Group LLP boosted its position in shares of Pacific Premier Bancorp by 78.6% during the 1st quarter. Wellington Management Group LLP now owns 1,906,964 shares of the financial services provider’s stock valued at $73,513,000 after acquiring an additional 839,113 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Pacific Premier Bancorp by 2,947.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 634,567 shares of the financial services provider’s stock valued at $23,415,000 after acquiring an additional 613,744 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Pacific Premier Bancorp during the 1st quarter valued at about $17,676,000. Finally, Phocas Financial Corp. boosted its position in shares of Pacific Premier Bancorp by 317.5% during the 2nd quarter. Phocas Financial Corp. now owns 495,358 shares of the financial services provider’s stock valued at $18,279,000 after acquiring an additional 376,711 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Several equities research analysts recently weighed in on PPBI shares. ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $42.00 price objective on shares of Pacific Premier Bancorp in a research note on Wednesday, June 28th. BidaskClub upgraded shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Stephens lowered shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Pacific Premier Bancorp presently has a consensus rating of “Buy” and an average price target of $42.25.

About Pacific Premier Bancorp

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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