Raymond James Believes Pacific Premier Bancorp (PPBI) Still Has Room to Grow


In a report released today, David Feaster from Raymond James maintained a Buy rating on Pacific Premier Bancorp (PPBI). The company’s shares closed last Tuesday at $44.33, close to its 52-week high of $47.15.

According to TipRanks.com, Feaster is a 5-star analyst with an average return of 42.4% and a 93.6% success rate. Feaster covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Bank of NT Butterfield & Son, and Seacoast Banking Of Florida.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pacific Premier Bancorp.

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The company has a one-year high of $47.15 and a one-year low of $15.71. Currently, Pacific Premier Bancorp has an average volume of 423.4K.

Based on the recent corporate insider activity of 58 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.

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, 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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