Keefe, Bruyette & Woods Lowers Pacific Premier Bancorp (NASDAQ:PPBI) Price Target to $27.00

Pacific Premier Bancorp (NASDAQ:PPBI) had its target price decreased by equities research analysts at Keefe, Bruyette & Woods from $29.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 22.84% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Raymond James reiterated an “outperform” rating and issued a $29.00 target price (up from $26.00) on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Stephens reiterated an “equal weight” rating and issued a $28.00 target price on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. StockNews.com upgraded Pacific Premier Bancorp to a “sell” rating in a report on Tuesday. TheStreet cut Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Finally, Wedbush restated a “neutral” rating and set a $25.00 price objective on shares of Pacific Premier Bancorp in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.17.

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock opened at $21.98 on Thursday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 169.09 and a beta of 1.21. Pacific Premier Bancorp has a 52 week low of $17.53 and a 52 week high of $30.13. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $22.96 and a 200-day moving average of $24.08.

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

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $23.92 per share, with a total value of $28,704.00. Following the transaction, the director now directly owns 14,507 shares in the company, valued at approximately $347,007.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Pacific Premier Bancorp

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in shares of Pacific Premier Bancorp during the 4th quarter valued at $42,000. Bfsg LLC purchased a new stake in Pacific Premier Bancorp in the 4th quarter worth about $93,000. Bailard Inc. purchased a new stake in Pacific Premier Bancorp in the 4th quarter worth about $207,000. FineMark National Bank & Trust purchased a new position in Pacific Premier Bancorp during the 4th quarter valued at about $234,000. Finally, Vest Financial LLC purchased a new position in Pacific Premier Bancorp during the 4th quarter valued at about $237,000. 93.11% of the stock is owned by hedge funds and other 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.