Media stories about Pacific Premier Bancorp (NASDAQ:PPBI) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Premier Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.3481891929728 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have recently weighed in on PPBI shares. BidaskClub raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Piper Jaffray Companies set a $55.00 target price on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Stephens reiterated a “hold” rating and issued a $45.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. Finally, ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Pacific Premier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $47.00.
Shares of Pacific Premier Bancorp opened at $42.25 on Thursday, MarketBeat.com reports. Pacific Premier Bancorp has a 52-week low of $32.05 and a 52-week high of $46.05. The firm has a market capitalization of $1.98 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.92 and a beta of 0.69. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, May 1st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.57% and a net margin of 22.48%. The company had revenue of $88.95 million during the quarter, compared to analysts’ expectations of $89.10 million. During the same quarter last year, the firm posted $0.34 earnings per share. sell-side analysts predict that Pacific Premier Bancorp will post 2.77 EPS for the current year.
In other Pacific Premier Bancorp news, COO Tom Rice sold 22,036 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $42.76, for a total transaction of $942,259.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven R. Gardner sold 54,849 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $43.08, for a total transaction of $2,362,894.92. The disclosure for this sale can be found here. Insiders sold 98,146 shares of company stock valued at $4,251,269 over the last quarter. 4.59% of the stock is owned by company insiders.
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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.
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.