Edward Earl Wilcox Sells 25,000 Shares of Pacific Premier Bancorp Inc (PPBI) Stock

Pacific Premier Bancorp Inc (NASDAQ:PPBI) President Edward Earl Wilcox sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $32.81, for a total transaction of $820,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Pacific Premier Bancorp Inc (PPBI) opened at 34.80 on Wednesday. The firm has a market capitalization of $1.39 billion, a PE ratio of 24.13 and a beta of 0.73. Pacific Premier Bancorp Inc has a 12 month low of $24.00 and a 12 month high of $41.90. The firm has a 50-day moving average of $35.58 and a 200 day moving average of $36.52.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.12). The business had revenue of $72.10 million for the quarter, compared to analysts’ expectations of $68.18 million. Pacific Premier Bancorp had a return on equity of 9.42% and a net margin of 19.85%. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts forecast that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current year.

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Several equities analysts have issued reports on PPBI shares. Stephens cut shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. BidaskClub cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies set a $43.00 price target on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.25.

Several hedge funds have recently bought and sold shares of PPBI. Acrospire Investment Management LLC purchased a new position in shares of Pacific Premier Bancorp during the first quarter worth approximately $109,000. Envestnet Asset Management Inc. raised its stake in shares of Pacific Premier Bancorp by 7.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 207 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Pacific Premier Bancorp during the second quarter worth approximately $113,000. Citigroup Inc. raised its stake in shares of Pacific Premier Bancorp by 664.8% during the second quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 2,646 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Pacific Premier Bancorp by 52.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,177 shares in the last quarter. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

About Pacific Premier Bancorp

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.

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

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