Several other analysts have also recently commented on the stock. Stephens reiterated a hold rating and issued a $35.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday, April 23rd. ValuEngine upgraded shares of Pacific Premier Bancorp from a strong sell rating to a sell rating in a research note on Saturday, May 4th. FIG Partners restated an outperform rating on shares of Pacific Premier Bancorp in a research report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a sell rating to a hold rating in a research report on Friday, January 25th. Finally, TheStreet upgraded shares of Pacific Premier Bancorp from a c+ rating to a b- rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $37.50.
Pacific Premier Bancorp stock traded down $0.15 during mid-day trading on Friday, hitting $29.98. The stock had a trading volume of 781,109 shares, compared to its average volume of 407,105. The company has a market capitalization of $1.87 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.44 and a beta of 1.28. Pacific Premier Bancorp has a one year low of $23.01 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Tuesday, April 30th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is currently 35.06%.
In related news, Chairman Steven R. Gardner sold 43,535 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $29.92, for a total value of $1,302,567.20. Following the sale, the chairman now directly owns 234,880 shares of the company’s stock, valued at approximately $7,027,609.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.67% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC bought a new position in Pacific Premier Bancorp in the 4th quarter worth about $27,000. JOYN Advisors Inc. grew its stake in Pacific Premier Bancorp by 2,206.1% in the 4th quarter. JOYN Advisors Inc. now owns 1,130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,081 shares in the last quarter. Advisor Group Inc. grew its stake in Pacific Premier Bancorp by 68.2% in the 1st quarter. Advisor Group Inc. now owns 1,191 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 483 shares in the last quarter. Versant Capital Management Inc bought a new position in Pacific Premier Bancorp in the 1st quarter worth about $38,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Pacific Premier Bancorp in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 83.47% of the company’s stock.
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. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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