Steven R. Gardner Sells 7,500 Shares of Pacific Premier Bancorp Inc (PPBI) Stock

Pacific Premier Bancorp Inc (NASDAQ:PPBI) CEO Steven R. Gardner sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.14, for a total transaction of $256,050.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Steven R. Gardner also recently made the following trade(s):

  • On Tuesday, September 12th, Steven R. Gardner sold 12,500 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.76, for a total transaction of $434,500.00.
  • On Tuesday, September 12th, Steven R. Gardner sold 20,000 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $34.53, for a total transaction of $690,600.00.
  • On Tuesday, August 22nd, Steven R. Gardner sold 16,666 shares of Pacific Premier Bancorp stock. The stock was sold at an average price of $35.57, for a total transaction of $592,809.62.

Pacific Premier Bancorp Inc (PPBI) opened at 34.75 on Friday. The stock’s 50 day moving average is $35.41 and its 200 day moving average is $36.45. Pacific Premier Bancorp Inc has a one year low of $24.00 and a one year high of $41.90. The company has a market capitalization of $1.39 billion, a PE ratio of 24.10 and a beta of 0.73.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.12). Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. The business had revenue of $72.10 million for the quarter, compared to analysts’ expectations of $68.18 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, analysts anticipate that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC purchased a new stake in Pacific Premier Bancorp in the 1st quarter worth approximately $109,000. Envestnet Asset Management Inc. lifted its stake in Pacific Premier Bancorp by 7.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 207 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Pacific Premier Bancorp in the 2nd quarter worth approximately $113,000. Citigroup Inc. lifted its stake in Pacific Premier Bancorp by 664.8% in the 2nd quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in Pacific Premier Bancorp by 52.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,177 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Several research analysts have recently commented on the stock. Stephens cut shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. BidaskClub cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Piper Jaffray Companies set a $43.00 target price on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Pacific Premier Bancorp currently has an average rating of “Buy” and an average price target of $42.25.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

Insider Buying and Selling by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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