The President of Pacific Premier Bancorp Inc is Exercising Options

By Carrie Williams

Yesterday, the President of Pacific Premier Bancorp Inc, Edward Earl Wilcox, exercised options of Pacific Premier Bancorp Inc for $945.9K.

Following Edward Earl Wilcox’s last PPBI Sell transaction on September 11, 2017, the stock climbed by 11.0%. In addition to Edward Earl Wilcox, 3 other PPBI executives reported Sell trades in the last month.

Based on Pacific Premier Bancorp Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $95.14 million and quarterly net profit of $16.17 million. In comparison, last year the company earned revenue of $50.12 million and had a net profit of $11.95 million. The company has a one-year high of $45.15 and a one-year low of $32.05. PPBI’s market cap is $2.08B and the company has a P/E ratio of 29.03.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $49.2, reflecting a -8.5% downside.

In the last 30 days, insiders have sold $4.25M worth of PPBI shares and purchased $3,176 worth of PPBI shares. The insider sentiment on Pacific Premier Bancorp Inc has been neutral according to 56 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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.