KBW analyst Christopher Mcgratty maintained a Hold rating on Pacific Premier Bancorp (PPBI – Research Report) yesterday and set a price target of $29.00. The company’s shares closed yesterday at $28.06.
According to TipRanks, Mcgratty is a 5-star analyst with an average return of 10.7% and a 64.55% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Webster Financial, Associated Banc-Corp, and Comerica.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pacific Premier Bancorp with a $29.00 average price target.
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The company has a one-year high of $33.98 and a one-year low of $16.83. Currently, Pacific Premier Bancorp has an average volume of 508.1K.
Based on the recent corporate insider activity of 70 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, Jeff Jones, a Director at PPBI bought 7,500.00 shares for a total of $117,600.00.
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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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