Price Action Alert: Could Pacific Premier Bancorp, Inc. Lose its Strength? The Stock Reaches 52-Week High

Price Action Alert: Could Pacific Premier Bancorp, Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) hit a new 52-week high and has $35.86 target or 9.00% above today’s $32.90 share price. The 5 months bullish chart indicates low risk for the $915.56 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $35.86 price target is reached, the company will be worth $82.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.70% or $0.55 during the last trading session, hitting $32.9. About 47,719 shares traded hands. Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has risen 40.35% since April 22, 2016 and is uptrending. It has outperformed by 34.94% the S&P500.

Analysts await Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to report earnings on January, 18. They expect $0.42 EPS, up 7.69% or $0.03 from last year’s $0.39 per share. PPBI’s profit will be $11.69M for 19.58 P/E if the $0.42 EPS becomes a reality. After $0.33 actual EPS reported by Pacific Premier Bancorp, Inc. for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Ratings Coverage

Out of 6 analysts covering Pacific Premier Bancorp (NASDAQ:PPBI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Pacific Premier Bancorp has been the topic of 8 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by DA Davidson on Thursday, April 21. The firm has “Market Perform” rating by FIG Partners given on Thursday, July 21. The stock of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) earned “Outperform” rating by FBR Capital on Thursday, July 21. The company was initiated on Friday, July 1 by FBR Capital. FBR Capital downgraded Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Tuesday, October 11 to “Mkt Perform” rating. As per Friday, October 2, the company rating was maintained by Wood. Piper Jaffray initiated Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Monday, September 28 with “Overweight” rating.

According to Zacks Investment Research, “LIFE Financial Corporation is a savings and loan holding company for Life Bank. The company originates, purchases, sells, securitizes and services primarily non-conventional mortgage loans principally secured by first and second mortgages on one- to four-family residences. The Company makes Liberator Series loans, which are for the purchase of residential real property by borrowers who generally would not qualify for Fannie Mae or Freddie Mac loans, and Portfolio Series loans, which is debt consolidation loans for borrowers whose credit history qualifies them.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 1.08, from 2.05 in 2016Q1. The ratio worsened, as 5 funds sold all Pacific Premier Bancorp, Inc. shares owned while 33 reduced positions. 27 funds bought stakes while 51 increased positions. They now own 19.54 million shares or 7.28% more from 18.21 million shares in 2016Q1.
Stieven Advsr Ltd Partnership, a Missouri-based fund reported 213,973 shares. Advisors Asset Mngmt has 22,015 shares for 0.01% of their US portfolio. Voya Inv Management Lc holds 0% or 11,715 shares in its portfolio. Scholtz & Limited Liability holds 3.24% of its portfolio in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 131,400 shares. Tiaa Cref Mgmt Limited Company last reported 0% of its portfolio in the stock. Citadel Limited Liability Corporation accumulated 0% or 13,016 shares. Analytic Invsts Lc last reported 0.03% of its portfolio in the stock. Moreover, Blackrock Fund has 0% invested in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 704,763 shares. Sheets Smith Wealth Management holds 19,397 shares or 0.14% of its portfolio. Panagora Asset Mngmt holds 0% of its portfolio in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 4,302 shares. Ngam Advisors Lp reported 83,388 shares or 0.03% of all its holdings. Geode Cap Mgmt Ltd Liability Company accumulated 165,901 shares or 0% of the stock. Allianz Asset Management Ag last reported 0% of its portfolio in the stock. Vaughan Nelson Investment Mgmt Lp accumulated 0.26% or 853,225 shares. Argent Capital Management Ltd Liability Corp reported 157,125 shares or 0.17% of all its holdings.

Insider Transactions: Since July 26, 2016, the stock had 9 insider purchases, and 0 selling transactions for $170,392 net activity. On Friday, August 19 the insider GARRETT JOSEPH L bought $18,092. TELLEZ CORA M bought $22,771 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Monday, August 8. Boudreau Kenneth A bought $36,000 worth of stock or 1,500 shares. Another trade for 1,000 shares valued at $23,943 was made by JONES JEFF C on Tuesday, July 26. RICE TOM had bought 600 shares worth $14,387.

More notable recent Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) news were published by: Marketwatch.com which released: “Pacific Premier Bancorp Inc.” on March 29, 2011, also Businesswire.com with their article: “Pacific Premier Bancorp, Inc. Announces Completion of Acquisition of Security …” published on February 01, 2016, Businesswire.com published: “Pacific Premier Bancorp, Inc. Announces Third Quarter 2016 Results (Unaudited)” on October 19, 2016. More interesting news about Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) were released by: Businesswire.com and their article: “Pacific Premier Bancorp, Inc. Announces Execution of Agreement to Acquire …” published on October 01, 2015 as well as Ocbj.com‘s news article titled: “Pacific Premier Bancorp Names CFO” with publication date: June 06, 2016.

PPBI Company Profile

Pacific Premier Bancorp, Inc., incorporated on December 6, 1996, 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 a range of loan products, such as commercial business loans, lines of credit, small business administration (SBA) loans, warehouse credit facilities, commercial real estate (CRE) loans, residential home loans, construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of approximately 60 full-service depository branches in the counties of Los Angeles, Orange, Riverside, San Bernardino and San Diego. These depository branches are located in the cities Corona, Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, Riverside, San Bernardino, San Diego, Seal Beach and Tustin, California.

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