Pacific Premier Bancorp (NASDAQ:PPBI) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Pacific Premier Bancorp (NASDAQ:PPBI) to a sell rating in a research note released on Tuesday.

Several other equities research analysts also recently commented on the stock. Wedbush dropped their price objective 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. Raymond James reaffirmed 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. Stephens reaffirmed an equal weight rating and set a $28.00 price objective on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Finally, TheStreet downgraded shares of Pacific Premier Bancorp from a b- rating to a c+ rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pacific Premier Bancorp presently has a consensus rating of Hold and an average target price of $27.17.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ:PPBI opened at $22.16 on Tuesday. The company’s 50-day moving average is $23.02 and its 200 day moving average is $24.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.90. The company has a market capitalization of $2.12 billion, a P/E ratio of 170.47 and a beta of 1.21. Pacific Premier Bancorp has a fifty-two week low of $17.53 and a fifty-two week high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $239.21 million for the quarter, compared to the consensus estimate of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same period in the previous year, the firm earned $0.66 EPS. On average, equities research analysts forecast that Pacific Premier Bancorp will post 1.93 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, May 3rd. Pacific Premier Bancorp’s dividend payout ratio is presently 1,015.46%.

Insider Activity

In related news, Director Barbara Polsky purchased 1,200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now directly owns 14,507 shares in the company, valued at approximately $347,007.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PPBI. GAMMA Investing LLC bought a new position in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $42,000. Bfsg LLC bought a new position in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $93,000. Versor Investments LP bought a new position in shares of Pacific Premier Bancorp in the third quarter worth approximately $200,000. Bailard Inc. bought a new position in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $207,000. Finally, FineMark National Bank & Trust bought a new position in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $234,000. 93.11% of the stock is currently owned by institutional investors.

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.