The COB, Pres & CEO of Pacific Premier Bancorp Inc is Exercising Options


Yesterday, the COB, Pres & CEO of Pacific Premier Bancorp Inc, Steven R. Gardner, exercised options of Pacific Premier Bancorp Inc (NASDAQ: PPBI) for $1.55M.

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Based on Pacific Premier Bancorp Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $98.49 million and quarterly net profit of $28 million. In comparison, last year the company earned revenue of $50.11 million and had a net profit of $9.52 million. PPBI’s market cap is $1.93B and the company has a P/E ratio of 22.27. Currently, Pacific Premier Bancorp Inc has an average volume of 295K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $47.33, reflecting a -14.9% downside.

The insider sentiment on Pacific Premier Bancorp Inc has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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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