Brokerages Set Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) PT at $26.50

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $26.50.

A number of research analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Stephens raised their price objective on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Thursday, July 25th. Finally, Wedbush cut their target price on Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th.

Insider Transactions at Pacific Premier Bancorp

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 shares were sold at an average price of $27.96, for a total transaction of $259,273.08. Following the sale, the executive vice president now directly owns 25,475 shares in the company, valued at approximately $712,281. This represents a 26.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff C. Jones sold 11,251 shares of Pacific Premier Bancorp stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.62, for a total transaction of $265,748.62. Following the completion of the transaction, the director now owns 123,794 shares of the company's stock, valued at $2,924,014.28. This represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,023 shares of company stock worth $1,245,713. 2.21% of the stock is owned by company insiders.

Institutional Trading of Pacific Premier Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC grew its holdings in Pacific Premier Bancorp by 1.0% during the 3rd quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider's stock valued at $1,124,000 after buying an additional 449 shares in the last quarter. Arizona State Retirement System grew its stake in Pacific Premier Bancorp by 1.8% during the second quarter. Arizona State Retirement System now owns 26,838 shares of the financial services provider's stock valued at $616,000 after acquiring an additional 482 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Pacific Premier Bancorp by 0.8% during the second quarter. Cubist Systematic Strategies LLC now owns 75,842 shares of the financial services provider's stock valued at $1,742,000 after acquiring an additional 631 shares in the last quarter. GAMMA Investing LLC increased its holdings in Pacific Premier Bancorp by 121.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider's stock worth $30,000 after acquiring an additional 649 shares during the period. Finally, FMR LLC lifted its stake in Pacific Premier Bancorp by 11.9% in the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider's stock worth $171,000 after purchasing an additional 723 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Pacific Premier Bancorp Price Performance

Shares of PPBI traded up $0.09 during mid-day trading on Friday, reaching $27.75. The company had a trading volume of 599,621 shares, compared to its average volume of 578,986. The company's 50 day simple moving average is $25.62 and its 200 day simple moving average is $24.39. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -184.99 and a beta of 1.21. Pacific Premier Bancorp has a 1-year low of $20.52 and a 1-year high of $30.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to analysts' expectations of $153.23 million. During the same period in the previous year, the company earned $0.48 EPS. Analysts expect that Pacific Premier Bancorp will post 1.6 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, November 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.76%. Pacific Premier Bancorp's dividend payout ratio is presently -879.94%.

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.