Pacific Premier Bancorp (NASDAQ:PPBI) operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses and consumers in Southern California.
Insider buying during the last 30 days
Here is a table of Pacific Premier Bancorp's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Joseph Garrett||Director||Apr 25-May 1||4,220||45,225 shares||+10.3%|
|Kenneth Boudreau||Director||April 25||1,000||28,367 shares||+3.7%|
|Jeff Jones||Director||April 25||3,000||79,402 shares||+3.9%|
|Tom Rice||COO||April 25||1,500||6,576 shares||+29.6%|
|Michael Karr||CCO||April 25||2,000||12,711 shares||+18.7%|
|Edward Wilcox||CBO||April 25||900||33,137 shares||+2.8%|
|Kent Smith||CFO||April 25||1,700||10,930 shares||+18.4%|
|Steven Gardner||CEO||April 25||10,000||149,410 shares||+7.2%|
There have been 24,320 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Pacific Premier Bancorp's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 57,300 shares purchased, and there have been zero shares sold by insiders since January, 2013. The month of April, 2014 has seen the most insider buying.
Pacific Premier Bancorp reported the first-quarter financial results on April 23, with the following highlights:
|Net income||$2.6 million|
|Book value||$10.96 per share|
|Tangible book value||$9.26 per share|
The eight insiders purchased their shares after these results.
|Qtrly Rev Growth [yoy]:||0.23||0.95||0.04|
|PEG (5 yr expected):||1.71||1.10||1.35|
Pacific Premier Bancorp has the second-lowest P/B ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Pacific Premier Bancorp has seen intensive insider buying during the last 30 days.
There have been eight different insiders buying Pacific Premier Bancorp, and there have not been any insiders selling Pacific Premier Bancorp during the last 30 days. Four of these eight insiders increased their holdings by more than 10%. Pacific Premier Bancorp has an insider ownership of 3.50%.
The eight insiders purchased their shares at prices ranging from $13.65 to $14.35. I believe Pacific Premier Bancorp could be a good pick below $14.35, based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in PPBI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.