StockNews.com Lowers Pacific Premier Bancorp (NASDAQ:PPBI) to Sell

Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Pacific Premier Bancorp Price Performance

Shares of PPBI stock traded down $0.39 on Tuesday, reaching $30.28. The company had a trading volume of 321,828 shares, compared to its average volume of 360,275. The stock has a market capitalization of $2.88 billion, a PE ratio of 9.80 and a beta of 1.24. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. Pacific Premier Bancorp has a one year low of $27.92 and a one year high of $40.90. The business’s 50-day moving average is $33.07 and its 200 day moving average is $33.31.

Insider Transactions at Pacific Premier Bancorp

In related news, CEO Steven R. Gardner sold 102,638 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $31.56, for a total value of $3,239,255.28. Following the completion of the transaction, the chief executive officer now owns 368,482 shares in the company, valued at approximately $11,629,291.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. bought a new position in Pacific Premier Bancorp in the 3rd quarter valued at approximately $1,839,000. Lazard Asset Management LLC bought a new position in Pacific Premier Bancorp in the 1st quarter valued at approximately $32,000. CWM LLC raised its holdings in Pacific Premier Bancorp by 64.2% in the 3rd quarter. CWM LLC now owns 1,010 shares of the financial services provider’s stock valued at $31,000 after buying an additional 395 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in Pacific Premier Bancorp by 71.4% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,352 shares of the financial services provider’s stock valued at $40,000 after buying an additional 563 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Pacific Premier Bancorp by 48.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,510 shares of the financial services provider’s stock valued at $44,000 after buying an additional 490 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Pacific Premier Bancorp Company Profile

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Pacific Premier Bancorp, Inc is a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment.