Analysts Offer Insights on Financial Companies: Pacific Premier Bancorp Inc (NASDAQ: PPBI) and NBT Bancorp Inc (NASDAQ: NBTB)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Pacific Premier Bancorp Inc (NASDAQ:PPBI) and NBT Bancorp Inc (NASDAQ:NBTB).

Pacific Premier Bancorp Inc (PPBI)

In a report released yesterday, Matthew Clark from Piper Jaffray reiterated a Buy rating on Pacific Premier Bancorp Inc, with a price target of $47. The company’s shares opened today at $37.

According to TipRanks.com, Clark is a 3-star analyst with an average return of 5.0% and a 66.2% success rate. Clark covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Columbia Banking System, and Heritage Financial Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pacific Premier Bancorp Inc with a $46.80 average price target, implying a 26.5% upside from current levels. In a report released yesterday, KBW also reiterated a Buy rating on the stock with a $47 price target.

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NBT Bancorp Inc (NBTB)

Piper Jaffray analyst Matthew Breese reiterated a Hold rating on NBT Bancorp Inc today and set a price target of $41. The company’s shares opened today at $41.10, close to its 52-week high of $41.57.

According to TipRanks.com, Breese is a 4-star analyst with an average return of 9.4% and a 73.7% success rate. Breese covers the Financial sector, focusing on stocks such as Metropolitan Bank Holding Corp, Provident Financial Services, and Meridian Interstate Bancorp.

NBT Bancorp Inc has an analyst consensus of Hold, with a price target consensus of $41.33, implying a 0.6% upside from current levels. In a report released today, Boenning & Scattergood also maintained a Hold rating on the stock.

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