Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.00.

Separately, DA Davidson lowered their target price on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, January 24th.

Institutional Investors Weigh In On Pacific Premier Bancorp

A number of hedge funds have recently modified their holdings of PPBI. Point72 Asset Management L.P. purchased a new position in shares of Pacific Premier Bancorp in the third quarter worth about $60,000. Smartleaf Asset Management LLC boosted its holdings in shares of Pacific Premier Bancorp by 158.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,853 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of 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 in the last quarter. KBC Group NV grew its position in shares of Pacific Premier Bancorp by 30.0% in the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 849 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Pacific Premier Bancorp during the fourth quarter worth approximately $158,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Trading Down 2.6 %

NASDAQ PPBI opened at $21.25 on Friday. Pacific Premier Bancorp has a 1 year low of $20.52 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $2.05 billion, a PE ratio of 12.96 and a beta of 1.25. The company has a fifty day moving average of $23.85 and a 200 day moving average of $25.20.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. Research analysts forecast that Pacific Premier Bancorp will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.33 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 6.21%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 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.