Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.00.

Separately, DA Davidson lowered their target price on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, January 24th.

Pacific Premier Bancorp Stock Down 0.5 %

Shares of PPBI traded down $0.10 during midday trading on Friday, hitting $21.88. The company had a trading volume of 775,723 shares, compared to its average volume of 512,748. The company's 50-day simple moving average is $24.05 and its 200-day simple moving average is $25.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. Pacific Premier Bancorp has a 1 year low of $20.52 and a 1 year high of $30.28. The firm has a market capitalization of $2.11 billion, a P/E ratio of 13.34 and a beta of 1.25.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. As a group, sell-side analysts expect that Pacific Premier Bancorp will post 1.34 EPS for the current year.

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Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 6.03%. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 80.49%.

Institutional Trading of Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in Pacific Premier Bancorp in the third quarter valued at approximately $60,000. Smartleaf Asset Management LLC increased its holdings in shares of Pacific Premier Bancorp by 158.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after buying an additional 1,853 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Pacific Premier Bancorp by 729.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock worth $75,000 after buying an additional 2,655 shares during the period. KBC Group NV boosted its holdings in Pacific Premier Bancorp by 30.0% in the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 849 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Pacific Premier Bancorp during the fourth quarter valued at about $158,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Pacific Premier Bancorp Company Profile

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.