In a report released today, Matthew Clark from Piper Sandler reiterated a Buy rating on Pacific Premier Bancorp (PPBI – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $23.20.
According to TipRanks, Clark is a 4-star analyst with an average return of 5.6% and a 51.27% success rate. Clark covers the Financial sector, focusing on stocks such as Cathay General Bancorp, Zions Bancorporation National Association, and First Interstate Bancsystem.
Currently, the analyst consensus on Pacific Premier Bancorp is a Moderate Buy with an average price target of $25.50, representing a 9.91% upside. In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $27.00 price target.
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PPBI market cap is currently $2.15B and has a P/E ratio of 8.95.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PPBI in relation to earlier this year. Earlier this month, Joseph Garrett, a Director at PPBI sold 7,500.00 shares for a total of $140,250.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pacific Premier Bancorp (PPBI) Company Description:
Pacific Premier Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment. The company was founded in 1997 and is headquartered in Irvine, CA.
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