Edward Earl Wilcox Sells 13,969 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Stock

Share on StockTwits

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) COO Edward Earl Wilcox sold 13,969 shares of Pacific Premier Bancorp stock in a transaction on Monday, November 11th. The shares were sold at an average price of $33.85, for a total value of $472,850.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:PPBI opened at $32.97 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 13.08 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. Pacific Premier Bancorp, Inc. has a 52 week low of $23.01 and a 52 week high of $34.90. The business has a fifty day simple moving average of $32.31 and a 200-day simple moving average of $30.64.

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 Zacks’ consensus estimate of $0.62 by $0.07. The business had revenue of $123.77 million during the quarter, compared to the consensus estimate of $117.66 million. Pacific Premier Bancorp had a return on equity of 8.07% and a net margin of 28.03%. During the same quarter in the previous year, the business earned $0.46 earnings per share. Sell-side analysts expect that Pacific Premier Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, October 31st. Pacific Premier Bancorp’s dividend payout ratio is currently 35.06%.

Several large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Pacific Premier Bancorp in the third quarter valued at $29,000. Flinton Capital Management LLC boosted its holdings in Pacific Premier Bancorp by 38.8% in the second quarter. Flinton Capital Management LLC now owns 1,488 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 416 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Pacific Premier Bancorp in the second quarter valued at $57,000. Meadow Creek Investment Management LLC boosted its holdings in Pacific Premier Bancorp by 38.8% in the second quarter. Meadow Creek Investment Management LLC now owns 2,046 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 572 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in Pacific Premier Bancorp by 35.3% in the second quarter. Riverhead Capital Management LLC now owns 2,300 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 600 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the company. Stephens reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Pacific Premier Bancorp in a research report on Tuesday, October 22nd. Zacks Investment Research raised Pacific Premier Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 26th. ValuEngine raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub downgraded Pacific Premier Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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.

Recommended Story: How does a margin account work?

Receive News & Ratings for Pacific Premier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Amgen, Inc.  Plans Dividend Increase – $1.60 Per Share
Amgen, Inc. Plans Dividend Increase – $1.60 Per Share
Centuria Industrial Reit Declares Interim Dividend of $0.05
Centuria Industrial Reit Declares Interim Dividend of $0.05
Stock Traders Purchase High Volume of Ciena Call Options
Stock Traders Purchase High Volume of Ciena Call Options
TokenPay  Price Down 6% Over Last Week
TokenPay Price Down 6% Over Last Week
Contents Protocol  Reaches 24-Hour Trading Volume of $79,737.00
Contents Protocol Reaches 24-Hour Trading Volume of $79,737.00
0xcert 24 Hour Trading Volume Hits $52,569.00
0xcert 24 Hour Trading Volume Hits $52,569.00


© 2006-2019 Ticker Report