Pacific Premier Bancorp (NASDAQ:PPBI) Stock Rating Reaffirmed by Raymond James

Pacific Premier Bancorp (NASDAQ:PPBI)‘s stock had its “outperform” rating restated by equities research analysts at Raymond James in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $25.00 price objective on the financial services provider’s stock, down from their previous price objective of $29.00. Raymond James’ price objective points to a potential upside of 13.69% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods decreased their price objective on Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday. Wedbush reissued a “neutral” rating and issued a $25.00 price objective on shares of Pacific Premier Bancorp in a report on Thursday. TheStreet downgraded Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Stephens reissued an “equal weight” rating and issued a $28.00 price objective on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Finally, StockNews.com raised Pacific Premier Bancorp to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.20.

Pacific Premier Bancorp Stock Down 3.3 %

Shares of Pacific Premier Bancorp stock traded down $0.75 on Thursday, reaching $21.99. 202,748 shares of the company were exchanged, compared to its average volume of 526,753. Pacific Premier Bancorp has a 1-year low of $17.53 and a 1-year high of $30.13. The company has a market cap of $2.11 billion, a P/E ratio of 74.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day moving average price is $23.04 and its 200-day moving average price is $24.11.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $239.21 million during the quarter, compared to the consensus estimate of $166.98 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, equities analysts forecast that Pacific Premier Bancorp will post 1.96 EPS for the current year.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky acquired 1,200 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now owns 14,507 shares of the company’s stock, valued at approximately $347,007.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PPBI. SG Americas Securities LLC raised its position in Pacific Premier Bancorp by 63.8% in the third quarter. SG Americas Securities LLC now owns 91,038 shares of the financial services provider’s stock worth $1,981,000 after acquiring an additional 35,454 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Pacific Premier Bancorp by 4.0% in the third quarter. Brown Advisory Inc. now owns 1,709,458 shares of the financial services provider’s stock valued at $37,198,000 after buying an additional 66,113 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. increased its position in shares of Pacific Premier Bancorp by 19.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 59,657 shares of the financial services provider’s stock valued at $1,298,000 after buying an additional 9,566 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Pacific Premier Bancorp by 7.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock valued at $324,000 after buying an additional 1,052 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Pacific Premier Bancorp in the third quarter valued at $6,091,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.