Pacific Premier Bancorp (PPBI) Stock Rating Upgraded by BidaskClub

Pacific Premier Bancorp (NASDAQ:PPBI) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other analysts have also recently issued reports about the stock. Piper Jaffray Companies restated a “buy” rating and set a $49.00 price target on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, December 27th. Stephens restated a “hold” rating and set a $45.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. Finally, ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.40.

Pacific Premier Bancorp (NASDAQ:PPBI) opened at $42.20 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.04. The firm has a market cap of $1,970.00, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.72. Pacific Premier Bancorp has a 52 week low of $32.05 and a 52 week high of $42.90.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $87.62 million for the quarter, compared to analysts’ expectations of $83.30 million. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. During the same period in the prior year, the company posted $0.43 EPS. equities research analysts anticipate that Pacific Premier Bancorp will post 2.8 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Eagle Asset Management Inc. lifted its stake in shares of Pacific Premier Bancorp by 1.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 366,793 shares of the financial services provider’s stock valued at $14,048,000 after buying an additional 6,671 shares in the last quarter. Maltese Capital Management LLC bought a new stake in Pacific Premier Bancorp during the 3rd quarter worth approximately $2,204,000. Bank of New York Mellon Corp increased its holdings in Pacific Premier Bancorp by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 332,329 shares of the financial services provider’s stock worth $12,546,000 after acquiring an additional 21,641 shares during the period. Callan Capital LLC bought a new stake in Pacific Premier Bancorp during the 3rd quarter worth approximately $345,000. Finally, California Public Employees Retirement System increased its holdings in Pacific Premier Bancorp by 11.4% during the 3rd quarter. California Public Employees Retirement System now owns 99,097 shares of the financial services provider’s stock worth $3,741,000 after acquiring an additional 10,110 shares during the period. Institutional investors own 79.25% of the company’s stock.

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Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

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