Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Given Average Rating of "Moderate Buy" by Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.00.

Separately, DA Davidson cut their target price on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, January 24th.

Institutional Investors Weigh In On Pacific Premier Bancorp

Large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Pacific Premier Bancorp during the first quarter valued at approximately $352,000. SG Americas Securities LLC increased its holdings in Pacific Premier Bancorp by 253.1% during the 1st quarter. SG Americas Securities LLC now owns 104,933 shares of the financial services provider's stock worth $2,237,000 after purchasing an additional 75,219 shares during the period. GAMMA Investing LLC raised its position in Pacific Premier Bancorp by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 741 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Pacific Premier Bancorp by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 596,654 shares of the financial services provider's stock worth $14,869,000 after buying an additional 10,321 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in Pacific Premier Bancorp during the 4th quarter worth about $964,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Pacific Premier Bancorp Price Performance

Shares of PPBI stock traded up $0.23 during mid-day trading on Wednesday, hitting $19.25. The company had a trading volume of 986,065 shares, compared to its average volume of 598,460. The stock's 50 day moving average price is $21.82 and its 200-day moving average price is $24.61. Pacific Premier Bancorp has a 52-week low of $18.06 and a 52-week high of $30.28. The company has a market capitalization of $1.87 billion, a P/E ratio of 11.74 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Pacific Premier Bancorp will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued 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 yield of 6.86%. Pacific Premier Bancorp's payout ratio is 80.49%.

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.