Pacific Premier Bancorp Inc Receives a Hold from Stephens

By Jason Carr

In a report released today, Tyler Stafford from Stephens assigned a Hold rating to Pacific Premier Bancorp Inc (NASDAQ: PPBI), with a price target of $43. The company’s shares closed yesterday at $37.20.

According to TipRanks.com, Stafford is a 5-star analyst with an average return of 17.9% and a 78.0% success rate. Stafford covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Capstar Financial Holdings Inc, and Carolina Financial Corporation.

Pacific Premier Bancorp Inc has an analyst consensus of Strong Buy, with a price target consensus of $47.

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Based on Pacific Premier Bancorp Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $27.3 million. In comparison, last year the company had a net profit of $14.18 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is neutral on the stock.

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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.