Pacific Premier Bank

Saturday, October 24, 2015 – 09:00 a.m.

Pacific Premier Bancorp (Nasdaq: PPBI), the parent of Southern California-based Pacific Premier Bank, continues to grow, along with its share price.

The company just released its Q3 earnings, which came in at $7.8 million or $0.36 per share.

Assets were reported at just over $2.7 billion. However that number is set to climb, with the pending acquisition of Security California Bancorp, the parent of Security Bank of California.

On October 1, 2015, Pacific Premier announced the pending acquisition, which will increase the company’s assets to more than $3.4 billion.

Pacific Premier has become the regional bank darling of Wall Street investment analysts, with buy ratings across the board.

During the Great Recession, the company actually made acquisitions, which set the stage for the company’s ongoing growth.

PPBI closed at $21.54 per share on Friday. It’s analyst target price, which will likely increase, is currently $24.83.

The company’s shares are currently rated a buy.

Some of you may remember this company by its former name Life Financial Corp.

Since the re-branding and renaming, the company has built a stellar management team that has constructed a sound balance sheet, a quality loan portfolio and a strong low-cost core deposit base.

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