Zacks Investment Research lowered shares of Pacific Premier Bancorp (NASDAQ:PPBI) from a hold rating to a sell rating in a report published on Tuesday, reports.

According to Zacks, “LIFE Financial Corporation is a savings and loan holding company for Life Bank. The company originates, purchases, sells, securitizes and services primarily non-conventional mortgage loans principally secured by first and second mortgages on one- to four-family residences. The Company makes Liberator Series loans, which are for the purchase of residential real property by borrowers who generally would not qualify for Fannie Mae or Freddie Mac loans, and Portfolio Series loans, which is debt consolidation loans for borrowers whose credit history qualifies them. “

A number of other research firms also recently weighed in on PPBI. ValuEngine upgraded shares of ZIX from a buy rating to a strong-buy rating in a report on Saturday, May 4th. Janney Montgomery Scott upgraded shares of Quaker Chemical from a neutral rating to a buy rating in a report on Friday, June 7th. BidaskClub downgraded shares of Zebra Technologies from a hold rating to a sell rating in a report on Friday, May 24th. TheStreet upgraded shares of One Group Hospitality from a d rating to a b- rating in a report on Tuesday, April 23rd. Finally, Stephens restated a buy rating and issued a $34.00 target price on shares of Guaranty Bancshares in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $37.50.

Pacific Premier Bancorp stock opened at $31.05 on Tuesday. The business has a 50-day simple moving average of $29.86. Pacific Premier Bancorp has a twelve month low of $23.01 and a twelve month high of $40.10. 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 has a market cap of $1.93 billion, a P/E ratio of 12.37, a PEG ratio of 1.50 and a beta of 1.23.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. Pacific Premier Bancorp had a net margin of 25.82% and a return on equity of 8.24%. The firm had revenue of $119.09 million for the quarter, compared to the consensus estimate of $121.55 million. During the same period in the previous year, the firm posted $0.62 EPS. As a group, sell-side analysts forecast that Pacific Premier Bancorp will post 2.56 earnings per share for the current year.

A number of large investors have recently modified their holdings of PPBI. Flinton Capital Management LLC bought a new position in Pacific Premier Bancorp during the 4th quarter valued at about $27,000. JOYN Advisors Inc. grew its holdings in Pacific Premier Bancorp by 2,206.1% during the 4th quarter. JOYN Advisors Inc. now owns 1,130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,081 shares during the last quarter. Versant Capital Management Inc bought a new position in Pacific Premier Bancorp during the 1st quarter valued at about $38,000. Amundi Pioneer Asset Management Inc. bought a new position in Pacific Premier Bancorp during the 1st quarter valued at about $85,000. Finally, Stevens Capital Management LP bought a new position in Pacific Premier Bancorp during the 1st quarter valued at about $214,000. Institutional investors own 82.56% 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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