November 25, 2016 - By Louis Casey
The director of Pacific Premier Bancorp Inc, Joseph Garrett, has just bought – 600 shares of the firm he’s leading and supervising – coming to a cumulative purchase value of $18,840 U.S. Dollars (this based on avg. share price of $31.4). A filing ready for review here reveals this insider activity, that was made on 25-11-2016 and was filed with the U.S. Security and Exchange Commission. The regulatory filing shows that Joseph Garrett now possess roughly 0.23% of the California-based company’s market cap (total dollar market value of all company’s outstanding shares)
Out of 6 analysts covering Pacific Premier Bancorp (NASDAQ:PPBI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $29 is the highest target while $25 is the lowest. The $26 average target is -20.73% below today’s ($32.8) stock price. Pacific Premier Bancorp has been the topic of 8 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Tuesday, October 11. The firm has “Outperform” rating by FBR Capital given on Thursday, July 21. FBR Capital initiated Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) rating on Friday, July 1. FBR Capital has “Outperform” rating and $28 price target. The firm earned “Buy” rating on Thursday, April 21 by DA Davidson. The stock of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) earned “Overweight” rating by Piper Jaffray on Monday, September 28. The firm earned “Outperform” rating on Friday, October 2 by Wood. The rating was downgraded by FIG Partners to “Market Perform” on Thursday, July 21.
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 1.08, from 2.05 in 2016Q1. The ratio worsened, as 5 funds sold all Pacific Premier Bancorp, Inc. shares owned while 33 reduced positions. 27 funds bought stakes while 51 increased positions. They now own 19.54 million shares or 7.28% more from 18.21 million shares in 2016Q1.
Cornerstone Management Limited Company owns 7,445 shares or 0% of their US portfolio. Buckhead Cap Mgmt has 0.14% invested in the company for 33,165 shares. Natl Bank Of Montreal Can has 0% invested in the company for 4,874 shares. Blackrock Fund Advsrs, a California-based fund reported 704,763 shares. Creative Planning has invested 0% of its portfolio in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Bnp Paribas Arbitrage Sa accumulated 1,060 shares or 0% of the stock. Sheets Smith Wealth Management, a North Carolina-based fund reported 19,397 shares. Wedge Capital L Lp Nc, a North Carolina-based fund reported 293,609 shares. Alliancebernstein Lp reported 157,440 shares or 0% of all its holdings. Springbok Cap Management Limited Liability last reported 700 shares in the company. The New Jersey-based Systematic Management Ltd Partnership has invested 0.02% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Mckinley Cap Mngmt Delaware has invested 0% of its portfolio in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Diligent Invsts Limited holds 7.36% or 322,661 shares in its portfolio. Putnam Invs Ltd Llc last reported 0.02% of its portfolio in the stock. First Advisors L P accumulated 0% or 38,243 shares.
Insider Transactions: Since July 26, 2016, the stock had 8 insider buys, and 0 insider sales for $151,552 net activity. 10 shares were bought by GARRETT JOSEPH L, worth $266. Boudreau Kenneth A bought $36,000 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Friday, July 29. $14,387 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shares were bought by RICE TOM. Another trade for 880 shares valued at $22,771 was made by TELLEZ CORA M on Monday, August 8. JONES JEFF C bought $23,943 worth of stock or 1,000 shares.
About 15,402 shares traded hands. Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has risen 40.35% since April 22, 2016 and is uptrending. It has outperformed by 34.94% the S&P500.
Pacific Premier Bancorp, Inc. is a bank holding company. The company has a market cap of $912.78 million. The Company’s subsidiary, Pacific Premier Bank , is a California state-chartered commercial bank. It has a 23.43 P/E ratio. The Bank’s primary focus market is small and middle market businesses.
According to Zacks Investment Research, “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.”
Analysts await Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to report earnings on January, 18. They expect $0.42 earnings per share, up 7.69% or $0.03 from last year’s $0.39 per share. PPBI’s profit will be $11.69M for 19.52 P/E if the $0.42 EPS becomes a reality. After $0.33 actual earnings per share reported by Pacific Premier Bancorp, Inc. for the previous quarter, Wall Street now forecasts 27.27% EPS growth.
More notable recent Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) news were published by: Marketwatch.com which released: “Pacific Premier Bancorp Inc.” on March 29, 2011, also Businesswire.com with their article: “Pacific Premier Bancorp, Inc. Announces Completion of Acquisition of Security ..” published on February 01, 2016, Businesswire.com published: “Pacific Premier Bancorp, Inc. Announces Third Quarter 2016 Results (Unaudited)” on October 19, 2016. More interesting news about Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) were released by: Businesswire.com and their article: “Pacific Premier Bancorp, Inc. Announces Execution of Agreement to Acquire ..” published on October 01, 2015 as well as Ocbj.com‘s news article titled: “Pacific Premier Bancorp Names CFO” with publication date: June 06, 2016.
Pacific Premier Bancorp, Inc., incorporated on December 6, 1996, is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Bank’s primary focus market is small and middle market businesses. The Bank offers a range of loan products, such as commercial business loans, lines of credit, small business administration (SBA) loans, warehouse credit facilities, commercial real estate (CRE) loans, residential home loans, construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of approximately 60 full-service depository branches in the counties of Los Angeles, Orange, Riverside, San Bernardino and San Diego. These depository branches are located in the cities Corona, Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, Riverside, San Bernardino, San Diego, Seal Beach and Tustin, California.
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By Louis Casey