Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Given Average Rating of "Moderate Buy" by Analysts

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $26.50.

Separately, Wedbush lowered their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, October 25th.

Insider Buying and Selling

In related news, EVP Margaret S. Ohlhaver sold 9,273 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total transaction of $259,273.08. Following the transaction, the executive vice president now directly owns 25,475 shares of the company's stock, valued at approximately $712,281. This represents a 26.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

A number of institutional investors have recently modified their holdings of PPBI. Azora Capital LP acquired a new stake in Pacific Premier Bancorp in the 3rd quarter valued at $12,187,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Pacific Premier Bancorp by 13.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider's stock valued at $69,651,000 after buying an additional 321,716 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Pacific Premier Bancorp by 61.6% during the third quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider's stock worth $16,214,000 after acquiring an additional 245,771 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Pacific Premier Bancorp by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 4,253,161 shares of the financial services provider's stock worth $97,695,000 after acquiring an additional 242,721 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Pacific Premier Bancorp by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,644,235 shares of the financial services provider's stock worth $129,645,000 after acquiring an additional 238,854 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Pacific Premier Bancorp Trading Down 2.9 %

NASDAQ:PPBI traded down $0.80 during trading hours on Thursday, hitting $27.16. 392,692 shares of the company were exchanged, compared to its average volume of 540,210. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -181.07 and a beta of 1.24. Pacific Premier Bancorp has a one year low of $20.52 and a one year high of $30.28. The company has a fifty day simple moving average of $26.95 and a 200 day simple moving average of $25.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $224.49 million during the quarter, compared to the consensus estimate of $153.23 million. During the same period last year, the firm posted $0.48 earnings per share. Sell-side analysts expect that Pacific Premier Bancorp will post 1.6 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp's dividend payout ratio (DPR) is -880.00%.

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.