Shares of Pacific Premier Bancorp (PPBI) surged 5.08% on Thursday, fueled by positive analyst commentary on the bank holding company.
Analyst David Chiaver revisited PPBI and maintained a "Hold" rating, citing mixed financial performance but an optimistic future outlook. Meanwhile, D.A. Davidson analyst Gary Tenner reiterated a "Buy" rating and set a $30.0 price target on the stock.
The bullish analyst calls appear to have boosted investor confidence in Pacific Premier, driving the stock higher amid a broader market rally. PPBI closed the trading session at $29.75, outperforming the broader Financial sector.