Pacific Premier Bancorp (NASDAQ:PPBI) Upgraded at StockNews.com

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a research note issued on Tuesday.

A number of other analysts have also recently weighed in on PPBI. Raymond James reaffirmed an "outperform" rating and set a $29.00 target price (up previously from $26.00) on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. TheStreet lowered shares of Pacific Premier Bancorp from a "b-" rating to a "c+" rating in a report on Monday, January 29th. Wedbush cut their price target on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 30th. Finally, Stephens reiterated an "equal weight" rating and set a $28.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pacific Premier Bancorp has an average rating of "Hold" and a consensus target price of $28.60.

Pacific Premier Bancorp Price Performance

NASDAQ:PPBI traded up $0.47 during mid-day trading on Tuesday, reaching $22.60. The stock had a trading volume of 632,514 shares, compared to its average volume of 529,463. The stock has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $24.11. The stock has a market capitalization of $2.17 billion, a PE ratio of 75.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. Pacific Premier Bancorp has a 12 month low of $17.53 and a 12 month high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of ($17.00) million for the quarter, compared to analysts' expectations of $169.50 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that Pacific Premier Bancorp will post 1.96 earnings per share for the current year.

Insider Activity at Pacific Premier Bancorp

In related news, Director Barbara Polsky acquired 1,200 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the acquisition, the director now owns 14,507 shares of the company's stock, valued at $347,007.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

Several institutional investors have recently made changes to their positions in PPBI. Norges Bank acquired a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $34,788,000. Schroder Investment Management Group acquired a new position in shares of Pacific Premier Bancorp during the third quarter valued at about $6,264,000. Ieq Capital LLC acquired a new position in shares of Pacific Premier Bancorp during the third quarter valued at about $6,091,000. Eagle Asset Management Inc. raised its holdings in shares of Pacific Premier Bancorp by 1,724.3% during the fourth quarter. Eagle Asset Management Inc. now owns 292,576 shares of the financial services provider's stock valued at $8,517,000 after purchasing an additional 276,538 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Pacific Premier Bancorp by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,278,555 shares of the financial services provider's stock valued at $49,581,000 after purchasing an additional 269,119 shares during the period. 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.

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