Pacific Premier Bancorp (PPBI) is Reiterated by DA Davidson to Buy, Raises Price Target to $ 26

Pacific Premier Bancorp (PPBI) was Reiterated by DA Davidson to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 . DA Davidson advised their investors in a research report released on Apr 21, 2016.

On the company’s financial health, Pacific Premier Bancorp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.36.Analysts expectations of $ 35.74.During the same quarter in the previous year, the company posted $0.21 EPS.

Pacific Premier Bancorp opened for trading at $20.76 and hit $21.04 on the upside on Monday, eventually ending the session at $20.92, with a gain of 0.34% or 0.07 points. The heightened volatility saw the trading volume jump to 55,654 shares. Company has a market cap of $574 M.

In a different news, on Mar 1, 2016, Tom Rice (COO) purchased 600 shares at $21.48 per share price. According to the SEC, on Mar 1, 2016, Kenneth A Boudreau (director) purchased 1,000 shares at $21.00 per share price. On Feb 25, 2016, Cora M Tellez (director) purchased 3,725 shares at $20.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Pacific Premier Bancorp Inc. is a bank holding company. The Company’s wholly owned 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. The Bank also offers an array of loan products such as commercial business loans lines of credit small business administration loans warehouse credit facilities commercial real estate loans residential home loans construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of around 16 full-service depository branches in the counties of Los Angeles Orange Riverside San Bernardino and San Diego.

Pacific Premier Bancorp

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