KBW Reaffirms Their Buy Rating on Pacific Premier Bancorp Inc

By Carrie Williams

In a report issued on June 26, Michael Perito from KBW reiterated a Buy rating on Pacific Premier Bancorp Inc (NASDAQ: PPBI), with a price target of $42. The company’s shares opened today at $35.55.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 20.8% and a 76.8% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

Pacific Premier Bancorp Inc has an analyst consensus of Strong Buy, with a price target consensus of $42.67.

The company has a one year high of $41.90 and a one year low of $22.89. Currently, Pacific Premier Bancorp Inc has an average volume of 304.4K.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PPBI in relation to earlier this year. Last month, Jeff Jones, a Director at PPBI bought 600 shares for a total of $21,984.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pacific Premier Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment. The company was founded in 1997 and is headquartered in Irvine, CA.