Stephens Keeps Their Hold Rating on Pacific Premier Bancorp Inc (PPBI)

By Austin Angelo

In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Pacific Premier Bancorp Inc (PPBIResearch Report), with a price target of $35. The company’s shares closed yesterday at $28.61.

Stafford commented:

“We expect the focus on the call to be on credit quality within the franchise portfolio as well as the overall growth outlook. We reiterate our EW rating. See below for +/- on the quarter.”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.7% and a 52.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pinnacle Financial Partners.

Pacific Premier Bancorp Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37.

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Pacific Premier Bancorp Inc’s market cap is currently $1.79B and has a P/E ratio of 12.60. The company has a Price to Book ratio of 0.91.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2019, Tom Rice, the SEVP of PPBI bought 5,000 shares for a total of $52,200.

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.