Pacific Premier Bancorp, Inc. (PPBI) CFO Ronald J. Jr. Nicolas Buys 1,000 Shares

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) CFO Ronald J. Jr. Nicolas purchased 1,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were bought at an average price of $26.72 per share, for a total transaction of $26,720.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Ronald J. Jr. Nicolas also recently made the following trade(s):

  • On Tuesday, December 4th, Ronald J. Jr. Nicolas purchased 1,000 shares of Pacific Premier Bancorp stock. The shares were bought at an average price of $28.73 per share, for a total transaction of $28,730.00.
  • On Wednesday, November 14th, Ronald J. Jr. Nicolas purchased 1,000 shares of Pacific Premier Bancorp stock. The shares were bought at an average price of $29.39 per share, for a total transaction of $29,390.00.

NASDAQ PPBI traded down $1.21 during trading hours on Thursday, hitting $26.21. 386,100 shares of the company were exchanged, compared to its average volume of 404,915. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 1.05. Pacific Premier Bancorp, Inc. has a 52-week low of $26.18 and a 52-week high of $46.05. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.54% and a net margin of 23.18%. The company had revenue of $120.26 million for the quarter, compared to analysts’ expectations of $121.43 million. During the same quarter last year, the company earned $0.50 EPS. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Pacific Premier Bancorp by 11.3% in the 3rd quarter. BlackRock Inc. now owns 6,598,835 shares of the financial services provider’s stock valued at $245,478,000 after acquiring an additional 669,235 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Pacific Premier Bancorp by 60.2% in the 3rd quarter. Vanguard Group Inc now owns 5,271,251 shares of the financial services provider’s stock valued at $196,091,000 after acquiring an additional 1,980,341 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Pacific Premier Bancorp by 60.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,271,251 shares of the financial services provider’s stock valued at $196,091,000 after acquiring an additional 1,980,341 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Pacific Premier Bancorp by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,932,649 shares of the financial services provider’s stock valued at $146,295,000 after acquiring an additional 258,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Pacific Premier Bancorp by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,084,275 shares of the financial services provider’s stock valued at $77,535,000 after acquiring an additional 7,345 shares during the last quarter. Institutional investors own 79.28% of the company’s stock.

Several brokerages have weighed in on PPBI. Zacks Investment Research downgraded Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 25th. BidaskClub upgraded Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine downgraded Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.00.

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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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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