Brokerages Set Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Target Price at $27.00

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.00.

Separately, DA Davidson decreased their target price on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 24th.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ PPBI opened at $21.98 on Friday. Pacific Premier Bancorp has a 12 month low of $20.52 and a 12 month high of $30.28. The company has a market cap of $2.12 billion, a P/E ratio of 13.40 and a beta of 1.25. The business’s 50 day moving average is $24.05 and its two-hundred day moving average is $25.27. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

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

Pacific Premier Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Pacific Premier Bancorp

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Pacific Premier Bancorp by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 596,654 shares of the financial services provider’s stock valued at $14,869,000 after buying an additional 10,321 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at $964,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Pacific Premier Bancorp by 9.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,580 shares of the financial services provider’s stock valued at $7,441,000 after purchasing an additional 24,535 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Pacific Premier Bancorp by 4.6% in the 4th quarter. Voloridge Investment Management LLC now owns 190,352 shares of the financial services provider’s stock worth $4,744,000 after purchasing an additional 8,301 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Pacific Premier Bancorp during the 4th quarter worth about $234,000. 93.11% of the stock is currently 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.