Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Announces Dividend of $0.22

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Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) announced a dividend on Friday, October 18th, Fidelity reports. Investors of record on Friday, November 1st will be paid a dividend of 0.22 per share by the financial services provider on Friday, November 15th. The ex-dividend date of this dividend is Thursday, October 31st.

PPBI stock traded up $0.23 during trading on Tuesday, hitting $34.79. 5,108 shares of the stock traded hands, compared to its average volume of 345,701. Pacific Premier Bancorp has a 1 year low of $23.01 and a 1 year high of $34.72. The firm’s 50 day moving average is $31.55 and its two-hundred day moving average is $30.24. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 13.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 1.02.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Pacific Premier Bancorp had a net margin of 28.03% and a return on equity of 8.07%. The company had revenue of $123.77 million for the quarter, compared to the consensus estimate of $117.66 million. During the same period in the prior year, the firm posted $0.46 EPS. As a group, analysts anticipate that Pacific Premier Bancorp will post 2.52 EPS for the current fiscal year.

In related news, Director Joseph L. Garrett purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $28.78 per share, with a total value of $28,780.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.67% of the company’s stock.

Several brokerages recently commented on PPBI. Stephens reissued a “hold” rating and set a $31.00 price objective on shares of Pacific Premier Bancorp in a research report on Tuesday, October 22nd. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday. BidaskClub raised shares of Pacific Premier Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, ValuEngine raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.00.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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