Pacific Premier Bancorp (NASDAQ:PPBI) PT Lowered to $25.00

Pacific Premier Bancorp (NASDAQ:PPBI) had its target price dropped by analysts at Wedbush from $27.00 to $25.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Wedbush’s target price suggests a potential downside of 0.36% from the stock’s previous close. Wedbush also issued estimates for Pacific Premier Bancorp’s Q4 2024 earnings at $0.33 EPS, FY2024 earnings at $1.62 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.35 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.38 EPS and FY2026 earnings at $1.50 EPS.

Several other research firms have also recently weighed in on PPBI. Stephens lifted their price target on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Raymond James boosted their price target on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pacific Premier Bancorp presently has a consensus rating of “Hold” and an average price target of $26.50.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ:PPBI opened at $25.09 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $25.09 and a 200-day moving average price of $23.84. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -627.09 and a beta of 1.22. Pacific Premier Bancorp has a 12 month low of $18.60 and a 12 month high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to analyst estimates of $153.23 million. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities analysts anticipate that Pacific Premier Bancorp will post 1.64 EPS for the current year.

Insider Activity at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 30,499 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.63, for a total transaction of $720,691.37. Following the completion of the transaction, the chief operating officer now owns 230,592 shares of the company’s stock, valued at approximately $5,448,888.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeff C. Jones sold 11,251 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $23.62, for a total transaction of $265,748.62. Following the sale, the director now directly owns 123,794 shares of the company’s stock, valued at approximately $2,924,014.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Edward Earl Wilcox sold 30,499 shares of Pacific Premier Bancorp stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $23.63, for a total transaction of $720,691.37. Following the completion of the transaction, the chief operating officer now directly owns 230,592 shares of the company’s stock, valued at $5,448,888.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pacific Premier Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC boosted its stake in Pacific Premier Bancorp by 56.0% during the 1st quarter. William Blair Investment Management LLC now owns 1,328,776 shares of the financial services provider’s stock valued at $31,891,000 after purchasing an additional 477,167 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of Pacific Premier Bancorp during the first quarter valued at $7,812,000. Assenagon Asset Management S.A. increased its holdings in Pacific Premier Bancorp by 61.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider’s stock worth $16,214,000 after buying an additional 245,771 shares in the last quarter. American Century Companies Inc. raised its position in Pacific Premier Bancorp by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 4,253,161 shares of the financial services provider’s stock worth $97,695,000 after buying an additional 242,721 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Pacific Premier Bancorp by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,644,235 shares of the financial services provider’s stock valued at $129,645,000 after acquiring an additional 238,854 shares during the period. Institutional investors own 93.11% of the company’s stock.

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.