Pacific Premier Bancorp (NASDAQ:PPBI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Pacific Premier Bancorp (NASDAQ:PPBI - Free Report) in a research note released on Wednesday. The firm issued a sell rating on the financial services provider's stock.

Separately, DA Davidson cut Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.25.

Pacific Premier Bancorp Price Performance

Shares of PPBI stock traded down $0.10 during trading on Wednesday, hitting $22.17. The company had a trading volume of 764,789 shares, compared to its average volume of 643,769. The stock's 50-day moving average price is $20.81 and its 200 day moving average price is $23.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. Pacific Premier Bancorp has a one year low of $18.06 and a one year high of $30.28. The firm has a market capitalization of $2.15 billion, a P/E ratio of 13.52 and a beta of 1.18.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. The firm had revenue of $144.83 million during the quarter, compared to analysts' expectations of $143.25 million. During the same period in the prior year, the company earned $0.49 earnings per share. Equities analysts expect that Pacific Premier Bancorp will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's payout ratio is 86.84%.

Insider Activity

In other news, COO Edward Earl Wilcox sold 14,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total value of $294,060.00. Following the completion of the transaction, the chief operating officer now directly owns 140,283 shares in the company, valued at approximately $2,844,939.24. This represents a 9.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP increased its holdings in Pacific Premier Bancorp by 488.3% in the first quarter. Quarry LP now owns 1,459 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 1,211 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Pacific Premier Bancorp by 8,794.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,601 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 1,583 shares during the period. GAMMA Investing LLC increased its holdings in Pacific Premier Bancorp by 47.9% in the first 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 during the period. Sterling Capital Management LLC increased its holdings in Pacific Premier Bancorp by 729.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 2,655 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Pacific Premier Bancorp by 158.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 1,853 shares during the period. 93.11% of the stock is currently owned by institutional investors.

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.