Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Given Consensus Recommendation of "Hold" by Analysts

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) has received a consensus recommendation of "Hold" from the five research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $28.60.

Several equities analysts have recently issued reports on PPBI shares. TheStreet lowered Pacific Premier Bancorp from a "b-" rating to a "c+" rating in a report on Monday, January 29th. Raymond James reissued an "outperform" rating and set a $29.00 price objective (up from $26.00) on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Wedbush reduced their price objective on Pacific Premier Bancorp from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, January 30th. StockNews.com raised Pacific Premier Bancorp to a "sell" rating in a report on Wednesday, March 20th. Finally, Stephens reissued an "equal weight" rating and set a $28.00 price objective on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th.

Insiders Place Their Bets

In other Pacific Premier Bancorp news, Director Barbara Polsky acquired 1,200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now owns 14,507 shares of the company's stock, valued at approximately $347,007.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.31% of the company's stock.

Institutional Investors Weigh In On Pacific Premier Bancorp

A number of large investors have recently added to or reduced their stakes in PPBI. Norges Bank bought a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $34,788,000. State Street Corp grew its stake in shares of Pacific Premier Bancorp by 10.5% during the first quarter. State Street Corp now owns 4,744,931 shares of the financial services provider's stock valued at $167,733,000 after buying an additional 452,218 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Pacific Premier Bancorp by 37.2% during the third quarter. Alliancebernstein L.P. now owns 1,453,651 shares of the financial services provider's stock valued at $45,005,000 after buying an additional 394,072 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Pacific Premier Bancorp by 3.5% during the first quarter. Vanguard Group Inc. now owns 10,993,185 shares of the financial services provider's stock valued at $388,609,000 after buying an additional 366,905 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Pacific Premier Bancorp during the third quarter valued at about $6,264,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock traded down $0.13 during trading on Friday, hitting $22.61. The company's stock had a trading volume of 303,013 shares, compared to its average volume of 578,772. The company has a market cap of $2.17 billion, a PE ratio of 75.37 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $23.78 and a 200-day moving average of $24.05. Pacific Premier Bancorp has a 52 week low of $17.53 and a 52 week high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of ($17.00) million during the quarter, compared to analyst estimates of $169.50 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same period in the prior year, the company posted $0.77 earnings per share. As a group, research analysts anticipate that Pacific Premier Bancorp will post 1.96 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.32 annualized dividend and a dividend yield of 5.84%. Pacific Premier Bancorp's dividend payout ratio is currently 440.00%.

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.