Pacific Premier Bancorp (NASDAQ:PPBI) Upgraded at StockNews.com

Pacific Premier Bancorp (NASDAQ:PPBI) was upgraded by StockNews.com to a “sell” rating in a report issued on Tuesday.

A number of other research analysts also recently commented on PPBI. TheStreet downgraded shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Stephens restated an “equal weight” rating and issued a $28.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Raymond James restated an “outperform” rating and issued a $29.00 price target (up from $26.00) on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Finally, Wedbush lowered their price target on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pacific Premier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $28.60.

Pacific Premier Bancorp Trading Up 2.1 %

PPBI stock traded up $0.47 during trading on Tuesday, hitting $22.60. The company had a trading volume of 632,514 shares, compared to its average volume of 529,463. The firm has a market capitalization of $2.17 billion, a P/E ratio of 75.33 and a beta of 1.21. Pacific Premier Bancorp has a 52-week low of $17.53 and a 52-week high of $30.13. The company has a 50 day simple moving average of $23.04 and a 200-day simple moving average of $24.11. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of ($17.00) million for the quarter, compared to the consensus estimate of $169.50 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. During the same quarter last year, the firm posted $0.77 EPS. As a group, research analysts forecast that Pacific Premier Bancorp will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barbara Polsky bought 1,200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the purchase, the director now directly owns 14,507 shares of the company’s stock, valued at $347,007.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.21% of the stock is owned by company insiders.

Institutional Trading of Pacific Premier Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of PPBI. SG Americas Securities LLC lifted its stake in Pacific Premier Bancorp by 63.8% during the 3rd quarter. SG Americas Securities LLC now owns 91,038 shares of the financial services provider’s stock valued at $1,981,000 after acquiring an additional 35,454 shares during the period. Brown Advisory Inc. lifted its stake in Pacific Premier Bancorp by 4.0% during the 3rd quarter. Brown Advisory Inc. now owns 1,709,458 shares of the financial services provider’s stock valued at $37,198,000 after acquiring an additional 66,113 shares during the period. Rosenthal Henry Capital Advisors Inc. lifted its stake in Pacific Premier Bancorp by 19.1% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 59,657 shares of the financial services provider’s stock valued at $1,298,000 after acquiring an additional 9,566 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Pacific Premier Bancorp by 7.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 1,052 shares during the period. Finally, Ieq Capital LLC purchased a new position in shares of Pacific Premier Bancorp during the 3rd quarter valued at approximately $6,091,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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.