Pacific Premier Bancorp (NASDAQ:PPBI) Upgraded by StockNews.com to “Sell”

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

Several other research firms also recently commented on PPBI. Wedbush dropped their target price on Pacific Premier Bancorp from $31.00 to $30.00 and set a neutral rating for the company in a research report on Tuesday, January 30th. TheStreet downgraded Pacific Premier Bancorp from a b- rating to a c+ rating in a research report on Monday, January 29th. 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 research report on Tuesday, January 30th. Finally, Stephens reiterated an equal weight rating and issued a $28.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $27.17.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI opened at $21.98 on Tuesday. The stock’s 50-day simple moving average is $22.96 and its 200 day simple moving average is $24.08. The firm has a market capitalization of $2.11 billion, a PE ratio of 169.09 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. Pacific Premier Bancorp has a twelve month low of $17.53 and a twelve month high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $239.21 million for the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a return on equity of 6.92% and a net margin of 24.75%. During the same period last year, the firm posted $0.66 earnings per share. On average, analysts anticipate that Pacific Premier Bancorp will post 1.93 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, May 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.01%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 1,015.46%.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the acquisition, the director now owns 14,507 shares in the company, valued at approximately $347,007.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pacific Premier Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Pacific Premier Bancorp by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 11,316,980 shares of the financial services provider’s stock worth $329,437,000 after purchasing an additional 65,694 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Pacific Premier Bancorp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,067,760 shares of the financial services provider’s stock worth $147,527,000 after purchasing an additional 131,448 shares in the last quarter. American Century Companies Inc. increased its holdings in Pacific Premier Bancorp by 5.0% in the third quarter. American Century Companies Inc. now owns 4,153,813 shares of the financial services provider’s stock worth $90,387,000 after purchasing an additional 198,874 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Pacific Premier Bancorp by 9.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,456 shares of the financial services provider’s stock worth $72,381,000 after purchasing an additional 207,901 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Pacific Premier Bancorp by 4.0% in the third quarter. Brown Advisory Inc. now owns 1,709,458 shares of the financial services provider’s stock worth $37,198,000 after purchasing an additional 66,113 shares in the last quarter. 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.