What Will Happen to Pacific Premier Bancorp, Inc. (PPBI) Next? The Stock Formed a Several Months H&S Chart Pattern

July 14, 2018 - By Tina Thibodeau

Investors sentiment decreased to 1.49 in Q1 2018. Its down 0.17, from 1.66 in 2017Q4. It fall, as 15 investors sold Pacific Premier Bancorp, Inc. shares while 50 reduced holdings. 31 funds opened positions while 66 raised stakes. 39.41 million shares or 0.35% less from 39.55 million shares in 2017Q4 were reported.
Putnam Invests Limited Liability Company, Massachusetts-based fund reported 51,927 shares. The Florida-based Eagle Asset Mngmt has invested 0.07% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Marshall Wace Ltd Liability Partnership has 0.02% invested in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Tennessee-based Ftb Advisors has invested 0% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). 6,454 were reported by Cipher Cap L P. Cubist Systematic Strategies Limited Liability Company holds 15,226 shares. Fmr Limited Liability invested in 0% or 5,400 shares. Parkside National Bank owns 27 shares. Dimensional Fund Advisors L P invested in 0.03% or 1.61M shares. Sei Invests accumulated 21,552 shares or 0% of the stock. Phocas Corporation has 266,743 shares for 0.99% of their portfolio. Alphaone Limited Com holds 0.01% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) or 516 shares. 8,107 were reported by Peak6 Invs L P. Bancshares Of Montreal Can holds 0% or 2,965 shares. Td Asset Management reported 27,600 shares or 0% of all its holdings.

Since February 20, 2018, it had 1 insider buy, and 4 sales for $5.80 million activity. On Wednesday, February 28 RICE TOM sold $942,321 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) or 22,036 shares. $3,176 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) was bought by GARRETT JOSEPH L. $946,051 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shares were sold by WILCOX EDWARD EARL.

The stock of Pacific Premier Bancorp, Inc. (PPBI) formed H&S with $33.94 target or 9.00 % below today’s $37.30 share price. The 9 months Head & Shoulders indicates high risk for the $1.74B company. It was reported on Jul, 14 by Faxor.com. If the $33.94 price target is reached, the company will be worth $156.24 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.80% or $0.3 during the last trading session, reaching $37.3. About 583,482 shares traded or 33.36% up from the average. Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has risen 19.65% since July 14, 2017 and is uptrending. It has outperformed by 7.08% the S&P500.

Analysts await Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to report earnings on July, 24. They expect $0.62 earnings per share, up 21.57 % or $0.11 from last year’s $0.51 per share. PPBI’s profit will be $28.86M for 15.04 P/E if the $0.62 EPS becomes a reality. After $0.62 actual earnings per share reported by Pacific Premier Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Among 4 analysts covering Pacific Premier Bancorp Inc (NASDAQ:PPBI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Pacific Premier Bancorp Inc has $55.0 highest and $45.0 lowest target. $50’s average target is 34.05% above currents $37.3 stock price. Pacific Premier Bancorp Inc had 6 analyst reports since January 30, 2018 according to SRatingsIntel. The company was maintained on Monday, February 12 by Keefe Bruyette & Woods. The stock of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) earned “Hold” rating by Stephens on Tuesday, February 6. The rating was maintained by Sandler O’Neill on Tuesday, February 13 with “Buy”. On Tuesday, February 13 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating given on Tuesday, January 30 by Keefe Bruyette & Woods. Stephens maintained it with “Hold” rating and $47.0 target in Friday, February 16 report.

Another recent and important Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) news was published by Ocbj.com which published an article titled: “Midday Stock Roundup” on July 09, 2018.

Pacific Premier Bancorp, Inc. operates as the bank holding firm for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company has market cap of $1.74 billion. The Company’s deposit products include checking, money market, and savings accounts. It has a 20.49 P/E ratio. The company's loan portfolio comprises commercial business loans, lines of credit, U.S. small business administration loans, warehouse credit facilities, commercial real estate loans, residential home loans, construction loans, and consumer loans, as well as banking products for homeowners associations and franchise lending.

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Institutional Positions Chart

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