Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $27.00.

PPBI has been the subject of a number of research analyst reports. DA Davidson reduced their price target on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Wedbush cut their target price on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, October 25th.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ:PPBI traded down $0.34 during trading on Friday, reaching $25.23. The company had a trading volume of 611,780 shares, compared to its average volume of 535,709. The firm's fifty day moving average is $25.83 and its 200 day moving average is $25.74. The firm has a market capitalization of $2.43 billion, a PE ratio of 15.38 and a beta of 1.26. Pacific Premier Bancorp has a twelve month low of $20.52 and a twelve month high of $30.28. 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 (NASDAQ:PPBI - Get Free Report) last issued its quarterly earnings results 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%. On average, equities analysts forecast that Pacific Premier Bancorp will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.23%. Pacific Premier Bancorp's dividend payout ratio is currently 80.49%.

Insider Activity

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total value of $259,273.08. Following the transaction, the executive vice president now owns 25,475 shares in the company, 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 is available through the SEC website. Also, EVP Michael S. Karr sold 10,290 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total transaction of $276,492.30. Following the completion of the transaction, the executive vice president now owns 79,474 shares in the company, valued at approximately $2,135,466.38. This represents a 11.46 % decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Algert Global LLC increased its stake in Pacific Premier Bancorp by 22.0% in the 3rd quarter. Algert Global LLC now owns 234,616 shares of the financial services provider's stock valued at $5,903,000 after buying an additional 42,357 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Pacific Premier Bancorp by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,535 shares of the financial services provider's stock worth $3,787,000 after purchasing an additional 8,145 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Pacific Premier Bancorp during the 3rd quarter worth $784,000. Azora Capital LP acquired a new position in shares of Pacific Premier Bancorp during the 3rd quarter worth $12,187,000. Finally, Barclays PLC increased its stake in shares of Pacific Premier Bancorp by 71.4% during the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider's stock worth $5,123,000 after purchasing an additional 84,859 shares during the last quarter. Institutional investors and hedge funds 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.