Analysts predict that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get a rating) will post sales of $190.40 million for the current quarter, Zacks reports. Four analysts have released earnings estimates for Pacific Premier Bancorp, with estimates ranging from $188.00 million to $194.30 million. Pacific Premier Bancorp posted sales of $185.39 million in the same quarter last year, suggesting a positive year-over-year growth rate of 2.7%. The company is expected to release its next results before the market opens on Monday, January 1.
According to Zacks, analysts expect Pacific Premier Bancorp to report annual sales of $788.98 million for the current year, with estimates ranging from $783.00 million to $796.50 million. . For the next fiscal year, analysts expect the company to post sales of $854.28 million, with estimates ranging from $838.70 million to $870.00 million. Zacks Investment Research’s sales averages are an average average based on a survey of sell-side research firms that provide coverage for Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI – Get a rating) last announced its quarterly results on Thursday, January 20. The financial services provider reported EPS of $0.89 for the quarter, beating Thomson Reuters consensus estimate of $0.85 by $0.04. Pacific Premier Bancorp posted a net margin of 42.24% and a return on equity of 12.10%. The company posted revenue of $198.00 million in the quarter, versus a consensus estimate of $195.31 million. During the same period last year, the company achieved EPS of $0.71. The company’s quarterly revenue increased 3.4% from the same quarter last year.
A number of analysts have recently released reports on PPBI shares. Zacks Investment Research moved shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a price target of $39.00 for the company in a report released Wednesday. Stephens downgraded shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating and lowered his price target for the stock from $50.00 to $45.00 in a Tuesday 25 report. january. To finish, StockNews.com assumed coverage of Pacific Premier Bancorp shares in a Thursday, March 31 report. They set a “hold” rating for the company. Three equity research analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.75.
The NASDAQ PPBI opened at $33.78 on Friday. Pacific Premier Bancorp has a 52-week low of $33.33 and a 52-week high of $47.46. The company has a debt ratio of 0.31, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $3.20 billion, a P/E ratio of 9.46 and a beta of 1.21. The company has a fifty-day moving average of $37.22 and a 200-day moving average of $39.94.
The company also recently declared a quarterly dividend, which was paid on Friday, February 11. Shareholders of record on Friday, February 4 received a dividend of $0.33. This represents an annualized dividend of $1.32 and a yield of 3.91%. The ex-dividend date was Thursday, February 3. Pacific Premier Bancorp’s dividend payout ratio is currently 36.97%.
A number of institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Pacific Premier Bancorp in the fourth quarter worth $34,599,000. Wells Fargo & Company MN increased its stake in Pacific Premier Bancorp by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 151,938 shares of the financial services provider worth $6,083,000 after buying 34,808 additional shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Pacific Premier Bancorp in the fourth quarter for $33,000. Goldman Sachs Group Inc. increased its stake in shares of Pacific Premier Bancorp by 6.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,621,438 shares of the financial services provider valued at $64,906,000 after acquiring an additional 101,718 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Pacific Premier Bancorp by 7.7% during the fourth quarter. Deutsche Bank AG now owns 72,880 shares of the financial services provider valued at $2,918,000 after acquiring an additional 5,220 shares in the last quarter. 91.99% of the shares are held by institutional investors and hedge funds.
Pacific Premier Bancorp Company Profile (Get a rating)
Pacific Premier Bancorp, Inc operates as a bank holding company for Pacific Premier Bank which provides banking services to businesses, professionals, real estate investors and non-profit organizations. The company accepts deposit products, such as checking accounts, money market accounts and savings accounts. and certificates of deposit.
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