Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Receives $27.00 Consensus Price Target from Analysts

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.00.

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

Pacific Premier Bancorp Stock Up 1.7 %

NASDAQ PPBI opened at $21.98 on Friday. The stock’s 50 day simple moving average is $24.05 and its 200 day simple moving average is $25.27. Pacific Premier Bancorp has a one year low of $20.52 and a one year high of $30.28. The firm has a market cap of $2.12 billion, a PE ratio of 13.40 and a beta of 1.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85.

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

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.01%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio is 80.49%.

Institutional Trading of Pacific Premier Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobs Asset Management LLC boosted its stake in shares of Pacific Premier Bancorp by 0.5% in the 4th quarter. Jacobs Asset Management LLC now owns 84,154 shares of the financial services provider’s stock valued at $2,097,000 after purchasing an additional 400 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Pacific Premier Bancorp by 1.0% in the third quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider’s stock valued at $1,124,000 after buying an additional 449 shares during the period. CIBC Asset Management Inc boosted its stake in Pacific Premier Bancorp by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 487 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Pacific Premier Bancorp by 4.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,196 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 591 shares during the period. Finally, Summit Investment Advisors Inc. raised its position in shares of Pacific Premier Bancorp by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,025 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 643 shares during the last quarter. 93.11% of the stock is owned by institutional investors.

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.