Pacific Premier Bancorp Inc (PPBI) Files Form 4 Insider Buying : Joseph L Garrett Buys 600 Shares

Pacific Premier Bancorp Inc (PPBI): Joseph L Garrett , director of Pacific Premier Bancorp Inc purchased 600 shares on May 23, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $23.62 per share for a total value of $14,172.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, Tom Rice (COO) purchased 600 shares at $21.48 per share price.On Mar 1, 2016, Kenneth A Boudreau (director) purchased 1,000 shares at $21.00 per share price.Also, On Feb 25, 2016, Cora M Tellez (director) purchased 3,725 shares at $20.05 per share price.On Feb 22, 2016, Joseph L Garrett (director) purchased 1,620 shares at $20.88 per share price.

Pacific Premier Bancorp: On Friday, May 20, 2016 heightened volatility was witnessed in Pacific Premier Bancorp which led to swings in the share price. The shares opened for trading at $23.2 and hit $23.68 on the upside , eventually ending the session at $23.48, with a gain of 1.56% or 0.36 points. The heightened volatility saw the trading volume jump to 1,63,155 shares. The 52-week high of the share price is $24.36 and the company has a market cap of $647 M . The 52-week low of the share price is at $15.5.

Pacific Premier Bancorp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pacific Premier Bancorp is Reiterated by DA Davidson to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 .The Rating was issued on Apr 21, 2016.

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.

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