Pacific Premier Bancorp (NASDAQ:PPBI) Stock Crosses Above 200 Day Moving Average - Here's Why

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.71 and traded as high as $26.27. Pacific Premier Bancorp shares last traded at $25.81, with a volume of 621,325 shares.

Analysts Set New Price Targets

PPBI has been the topic of several recent analyst reports. DA Davidson decreased their target price on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Wedbush decreased their target price on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.00.

Pacific Premier Bancorp Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $2.51 billion, a P/E ratio of 15.89 and a beta of 1.26. The stock's fifty day simple moving average is $25.47 and its two-hundred day simple moving average is $25.67.

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 (EPS) 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, research analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 5.07%. Pacific Premier Bancorp's payout ratio is presently 80.49%.

Insider Activity at Pacific Premier Bancorp

In other news, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total value of $276,492.30. Following the completion of the sale, the executive vice president now owns 79,474 shares in the company, valued at $2,135,466.38. This represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

Several large investors have recently modified their holdings of PPBI. GAMMA Investing LLC increased its position 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 valued at $30,000 after purchasing an additional 649 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Pacific Premier Bancorp during the 3rd quarter valued at $60,000. Smartleaf Asset Management LLC boosted 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 valued at $75,000 after buying an additional 1,853 shares in the last quarter. KBC Group NV boosted its holdings in shares of Pacific Premier Bancorp by 30.0% during the 3rd quarter. KBC Group NV now owns 3,679 shares of the financial services provider's stock valued at $93,000 after buying an additional 849 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Pacific Premier Bancorp during the 4th quarter valued at $158,000. Hedge funds and other institutional investors 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.