Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) CEO Sells $395,794.00 in Stock

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) CEO Steven R. Gardner sold 11,900 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $33.26, for a total transaction of $395,794.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Steven R. Gardner also recently made the following trade(s):

  • On Friday, November 15th, Steven R. Gardner sold 24,000 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $33.10, for a total transaction of $794,400.00.

PPBI stock traded down $0.31 during trading on Friday, hitting $32.66. 279,300 shares of the company’s stock traded hands, compared to its average volume of 348,834. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 13.01 and a beta of 1.24. Pacific Premier Bancorp, Inc. has a 52 week low of $23.01 and a 52 week high of $34.90. The business has a fifty day simple moving average of $32.33 and a 200 day simple moving average of $30.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.02.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The company had revenue of $123.77 million for the quarter, compared to the consensus estimate of $117.66 million. Pacific Premier Bancorp had a net margin of 28.03% and a return on equity of 8.07%. During the same quarter last year, the firm posted $0.46 EPS. Research analysts forecast that Pacific Premier Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, October 31st. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 35.06%.

PPBI has been the subject of a number of research reports. BidaskClub lowered shares of Pacific Premier Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 26th. ValuEngine upgraded shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stephens restated a “hold” rating and set a $31.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $31.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of PPBI. Amundi Pioneer Asset Management Inc. purchased a new position in Pacific Premier Bancorp during the 1st quarter valued at about $85,000. Crossmark Global Holdings Inc. purchased a new position in Pacific Premier Bancorp during the 2nd quarter valued at about $219,000. Peregrine Capital Management LLC increased its position in Pacific Premier Bancorp by 25.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 288,602 shares of the financial services provider’s stock valued at $8,912,000 after purchasing an additional 58,314 shares during the period. Arizona State Retirement System increased its position in Pacific Premier Bancorp by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 70,017 shares of the financial services provider’s stock valued at $2,162,000 after purchasing an additional 602 shares during the period. Finally, First Trust Advisors LP increased its position in Pacific Premier Bancorp by 85.9% during the 2nd quarter. First Trust Advisors LP now owns 99,620 shares of the financial services provider’s stock valued at $3,076,000 after purchasing an additional 46,021 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Company Profile

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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Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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