Somewhat Favorable News Coverage Somewhat Unlikely to Impact Pacific Premier Bancorp (PPBI) Share Price
Press coverage about Pacific Premier Bancorp (NASDAQ:PPBI) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Premier Bancorp earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.3807203982424 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Pacific Premier Bancorp (PPBI) traded up 4.26% during trading on Thursday, hitting $39.20. The stock had a trading volume of 1,523,318 shares. The stock’s 50-day moving average is $35.66 and its 200-day moving average is $36.10. The stock has a market capitalization of $1.57 billion, a P/E ratio of 27.18 and a beta of 0.73. Pacific Premier Bancorp has a 12-month low of $24.00 and a 12-month high of $41.90.
Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.12). The company had revenue of $72.10 million during the quarter, compared to the consensus estimate of $68.18 million. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts predict that Pacific Premier Bancorp will post $1.68 EPS for the current fiscal year.
A number of analysts have commented on the company. BidaskClub downgraded Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. ValuEngine downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price objective on shares of Pacific Premier Bancorp in a research report on Wednesday, June 28th. Finally, Piper Jaffray Companies set a $43.00 price objective on Pacific Premier Bancorp and gave the stock a “buy” rating in a research report on Saturday, August 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Pacific Premier Bancorp presently has an average rating of “Buy” and an average target price of $43.00.
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In related news, Director Simone Lagomarsino sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $36.00, for a total value of $225,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward Earl Wilcox sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.81, for a total value of $820,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,166 shares of company stock valued at $3,245,772. 4.59% of the stock is currently owned by corporate insiders.
Pacific Premier Bancorp Company Profile
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.
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