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

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $27.00.

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

Institutional Investors Weigh In On Pacific Premier Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Asset Management LLC grew its holdings in Pacific Premier Bancorp by 0.5% during the fourth quarter. Jacobs Asset Management LLC now owns 84,154 shares of the financial services provider’s stock worth $2,097,000 after purchasing an additional 400 shares during the period. Natixis Advisors LLC boosted its stake in shares of Pacific Premier Bancorp by 1.0% during the 3rd quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 449 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Pacific Premier Bancorp by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 487 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of 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 last quarter. Finally, Summit Investment Advisors Inc. raised its stake in Pacific Premier Bancorp by 6.9% in 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 period. 93.11% of the stock is owned by institutional investors.

Pacific Premier Bancorp Price Performance

NASDAQ PPBI opened at $21.87 on Friday. The firm’s 50 day moving average is $23.96 and its 200-day moving average is $25.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.11 billion, a PE ratio of 13.34 and a beta of 1.25. Pacific Premier Bancorp has a 12-month low of $20.52 and a 12-month high of $30.28.

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

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 80.49%.

Pacific Premier Bancorp Company Profile

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.