Fig Partners Downgrades Pacific Premier Bancorp to Market Perform

Brokerage firm Fig Partners Downgrades its rating on Pacific Premier Bancorp(NASDAQ:PPBI). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Fig Partners was issued on Jul 21, 2016.

Pacific Premier Bancorp (PPBI) shares turned negative on Wednesdays trading session with the shares closing down -0.925 points or -3.59% at a volume of 3,22,308. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.26. The peak price level was also seen at $25.26 while the days lowest was $23.5. Finally the shares closed at $24.835. The 52-week high of the shares is $26.05 while the 52-week low is $16.9. According to the latest information available, the market cap of the company is $684 M.

Pacific Premier Bancorp(PPBI) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.41. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Joseph L Garrett (director) purchased 600 shares at $23.62 per share price.Also, 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, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Pacific Premier Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Pacific Premier Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.