Insider Selling: Pacific Premier Bancorp Inc (PPBI) Director Sells $362,281.50 in Stock

Pacific Premier Bancorp Inc (NASDAQ:PPBI) Director Kenneth A. Boudreau sold 9,275 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $39.06, for a total transaction of $362,281.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kenneth A. Boudreau also recently made the following trade(s):

  • On Thursday, February 9th, Kenneth A. Boudreau sold 10,174 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $38.19, for a total transaction of $388,545.06.
  • On Wednesday, February 8th, Kenneth A. Boudreau sold 2,615 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $38.02, for a total transaction of $99,422.30.
  • On Tuesday, February 7th, Kenneth A. Boudreau sold 6,436 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $39.05, for a total transaction of $251,325.80.

Pacific Premier Bancorp Inc (NASDAQ:PPBI) opened at 39.15 on Monday. The stock’s 50 day moving average is $37.26 and its 200 day moving average is $30.26. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 26.82 and a beta of 0.69. Pacific Premier Bancorp Inc has a 52-week low of $19.59 and a 52-week high of $40.95.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Tuesday, January 24th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. Pacific Premier Bancorp had a return on equity of 9.78% and a net margin of 21.54%. The company earned $46.60 million during the quarter, compared to analysts’ expectations of $40.53 million. During the same period in the prior year, the business earned $0.37 earnings per share. Pacific Premier Bancorp’s revenue for the quarter was up 41.0% compared to the same quarter last year. On average, analysts predict that Pacific Premier Bancorp Inc will post $1.93 earnings per share for the current fiscal year.

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

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Large investors have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Pacific Premier Bancorp by 7.8% in the third quarter. US Bancorp DE now owns 5,749 shares of the financial services provider’s stock valued at $153,000 after buying an additional 418 shares in the last quarter. National Planning Corp acquired a new stake in Pacific Premier Bancorp during the fourth quarter valued at $223,000. Trexquant Investment LP acquired a new stake in Pacific Premier Bancorp during the fourth quarter valued at $245,000. Cullen Frost Bankers Inc. acquired a new stake in Pacific Premier Bancorp during the third quarter valued at $212,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Pacific Premier Bancorp during the second quarter valued at $234,000. 76.79% of the stock is owned by institutional investors.

Several research firms have recently commented on PPBI. FBR & Co upped their price target on shares of Pacific Premier Bancorp from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, January 24th. FIG Partners upgraded shares of Pacific Premier Bancorp from a “market-perform” rating to an “outperform” rating in a research report on Friday, January 6th. Stephens began coverage on shares of Pacific Premier Bancorp in a research report on Thursday, December 22nd. They set an “overweight” rating for the company. Finally, Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.50.

Pacific Premier Bancorp Company Profile

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 Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services and online bill payment.

5 Day Chart for NASDAQ:PPBI

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