Pacific Premier Bancorp (PPBI) Given News Sentiment Score of 0.32
Media coverage about Pacific Premier Bancorp (NASDAQ:PPBI) has been trending positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Premier Bancorp earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.7270317729846 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Pacific Premier Bancorp (PPBI) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Pacific Premier Bancorp, Inc. (PPBI) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Zacks: Analysts Expect Pacific Premier Bancorp, Inc. (PPBI) Will Post Earnings of $0.41 Per Share (americanbankingnews.com)
- Opus Bank (OPB) vs. Pacific Premier Bancorp (PPBI) Head-To-Head Review (americanbankingnews.com)
A number of brokerages have recently issued reports on PPBI. Piper Jaffray Companies restated a “buy” rating and set a $49.00 price objective on shares of Pacific Premier Bancorp in a research report on Friday, October 27th. ValuEngine downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued 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 $45.00.
Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. The company had revenue of $72.51 million during the quarter, compared to the consensus estimate of $72.23 million. During the same period last year, the company earned $0.33 earnings per share. research analysts predict that Pacific Premier Bancorp will post 1.68 EPS for the current fiscal year.
In related news, Chairman Steven R. Gardner sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $41.02, for a total transaction of $512,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ronald J. Jr. Nicolas bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $36.97 per share, with a total value of $92,425.00. The disclosure for this purchase can be found here. 4.59% of the stock is owned by company insiders.
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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.
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