Pacific Premier Bancorp Inc (PPBI) Director Sells $388,545.06 in Stock

Pacific Premier Bancorp Inc (NASDAQ:PPBI) Director Kenneth A. Boudreau sold 10,174 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $38.19, for a total transaction of $388,545.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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.
  • On Monday, February 6th, Kenneth A. Boudreau sold 9,275 shares of Pacific Premier Bancorp stock. The shares were sold at an average price of $39.06, for a total transaction of $362,281.50.

Shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) traded up 2.49% during midday trading on Friday, reaching $39.15. 173,228 shares of the company’s stock were exchanged. The company has a market cap of $1.09 billion, a P/E ratio of 26.82 and a beta of 0.69. Pacific Premier Bancorp Inc has a 12 month low of $19.59 and a 12 month high of $40.95. The firm has a 50 day moving average price of $37.26 and a 200 day moving average price of $30.26.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, January 24th. The financial services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $40.53 million. Pacific Premier Bancorp had a return on equity of 9.78% and a net margin of 21.54%. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Equities research analysts forecast 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)

COPYRIGHT VIOLATION WARNING: “Pacific Premier Bancorp Inc (PPBI) Director Sells $388,545.06 in Stock” was posted by sleekmoney and is owned by of sleekmoney. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this article can be viewed at http://sleekmoney.com/pacific-premier-bancorp-inc-ppbi-director-sells-388545-06-in-stock/1655066.html.

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

Several large investors have recently added to or reduced their stakes in PPBI. 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 worth $153,000 after buying an additional 418 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Pacific Premier Bancorp during the third quarter worth approximately $212,000. National Planning Corp acquired a new stake in Pacific Premier Bancorp during the fourth quarter worth approximately $223,000. State Board of Administration of Florida Retirement System acquired a new stake in Pacific Premier Bancorp during the second quarter worth approximately $234,000. Finally, Trexquant Investment LP acquired a new stake in Pacific Premier Bancorp during the fourth quarter worth approximately $245,000. Institutional investors own 76.48% of the company’s stock.

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 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

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/pacific-premier-bancorp-inc-ppbi-director-sells-388545-06-in-stock/1655066.html

Receive News & Ratings for Pacific Premier Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *