Pacific Premier Bancorp (NASDAQ:PPBI) Stock Rating Upgraded by ValuEngine

Pacific Premier Bancorp (NASDAQ:PPBI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the company. Janney Montgomery Scott cut Pacific Premier Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, June 7th. BidaskClub upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. TheStreet upgraded Pacific Premier Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, April 23rd. Stephens restated a “hold” rating and set a $35.00 price objective on shares of Pacific Premier Bancorp in a report on Tuesday, April 23rd. Finally, Zacks Investment Research cut Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.50.

Shares of Pacific Premier Bancorp stock traded down $0.39 during trading on Thursday, hitting $29.20. 319,857 shares of the company’s stock traded hands, compared to its average volume of 285,952. 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 has a 1 year low of $23.01 and a 1 year high of $40.10. The stock has a market cap of $1.98 billion, a PE ratio of 11.63, a P/E/G ratio of 1.58 and a beta of 1.24. The stock has a 50-day simple moving average of $30.71.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The business had revenue of $116.97 million for the quarter, compared to analysts’ expectations of $120.85 million. Pacific Premier Bancorp had a net margin of 26.08% and a return on equity of 8.04%. During the same period last year, the business earned $0.58 earnings per share. Research analysts expect that Pacific Premier Bancorp will post 2.5 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Commerce Bank raised its position in Pacific Premier Bancorp by 20.5% during the 1st quarter. Commerce Bank now owns 17,485 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 2,970 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Pacific Premier Bancorp by 28.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,380,842 shares of the financial services provider’s stock valued at $36,634,000 after purchasing an additional 301,904 shares in the last quarter. Marshall Wace LLP bought a new stake in Pacific Premier Bancorp during the 1st quarter valued at $1,227,000. Laurion Capital Management LP bought a new stake in Pacific Premier Bancorp during the 1st quarter valued at $878,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Pacific Premier Bancorp during the 4th quarter valued at $332,000. 82.61% of the stock is owned by institutional investors and hedge funds.

Pacific Premier Bancorp Company Profile

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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