Brokerages expect Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) to report $ 180.13 million in sales for the current fiscal quarter, according to Zacks. Four analysts have released earnings estimates for Pacific Premier Bancorp, with the highest sales estimate at $ 184.00 million and the lowest estimate at $ 177.00 million. Pacific Premier Bancorp posted sales of $ 137.19 million in the same quarter last year, suggesting a positive year-over-year growth rate of 31.3%. The company is expected to release its next quarterly earnings report before the market opens on Tuesday, July 27.
According to Zacks, analysts expect Pacific Premier Bancorp to report annual revenue of $ 730.70 million for the current year, with estimates ranging from $ 720.20 million to $ 748.30 million. millions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 750.88 million, with estimates ranging from $ 729.00 to $ 790.70 million. Zacks Investment Research sales averages are an average based on a survey of research analysts who follow Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ: PPBI) last released its quarterly results on Monday April 26. The financial services provider announced EPS of $ 0.72 for the quarter, beating the consensus estimate of $ 0.63 by $ 0.09 by Thomson Reuters. Pacific Premier Bancorp recorded a return on equity of 7.45% and a net margin of 13.58%. The company posted revenue of $ 185.39 million for the quarter, compared to a consensus estimate of $ 178.32 million. During the same period of the previous year, the company posted EPS of $ 0.43. The company’s revenue for the quarter increased 49.9% year-over-year.
A number of research companies have commented on the PPBI. Wedbush began covering Pacific Premier Bancorp in a research note on Tuesday, May 25. They issued a “neutral” rating and a price target of $ 48.00 on the stock. They noted that the move was an appraisal call. Zacks investment research upgraded Pacific Premier Bancorp from a âcustodyâ rating to a âbuyâ rating and set a price target of $ 47.00 for the company in a report released Wednesday. Finally, Raymond James raised his price target on Pacific Premier Bancorp from $ 40.00 to $ 49.00 and gave the company a âstrong buyâ rating in a report released on Wednesday, April 28. One analyst rated the stock with a hold rating, three gave the stock a buy rating, and one gave the stock a strong buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 43.25.
PPBI shares opened at $ 42.01 on Friday. The company has a fifty-day moving average of $ 44.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt ratio of 0.19. The company has a market cap of $ 3.98 billion, a price-to-earnings ratio of 57.55, and a beta of 1.40. Pacific Premier Bancorp has a one-year minimum of $ 18.25 and a one-year maximum of $ 47.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 14. Shareholders of record on Friday, May 7 received a dividend of $ 0.33 per share. This represents a dividend of $ 1.32 on an annualized basis and a return of 3.14%. The ex-dividend date of this dividend was Thursday, May 6. This is a positive change from Pacific Premier Bancorp’s previous quarterly dividend of $ 0.30. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 176.00%.
In other Pacific Premier Bancorp news, director Jaynie M. Studenmund bought 4,200 shares of Pacific Premier Bancorp in a trade on Wednesday, June 9. The shares were purchased at an average price of $ 46.59 per share, for a total value of $ 195,678.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed via this link. Company insiders own 2.04% of the company’s shares.
Several hedge funds and other institutional investors have recently increased or reduced their holdings in the stock. Harvest Fund Management Co. Ltd. purchased a new position in Pacific Premier Bancorp shares in the first quarter valued at approximately $ 30,000. First Horizon Advisors Inc. increased its holdings in Pacific Premier Bancorp by 69.3% during the 1st quarter. First Horizon Advisors Inc. now owns 782 shares of the financial services provider valued at $ 33,000 after acquiring an additional 320 shares during the period. Fifth Third Bancorp increased its stake in Pacific Premier Bancorp by 80.6% during the first quarter. Fifth Third Bancorp now owns 829 shares of the financial services provider valued at $ 36,000 after acquiring an additional 370 shares during the period. Corsicana & Co. purchased a new position in Pacific Premier Bancorp shares in the second quarter valued at $ 42,000. Finally, Acadian Asset Management LLC purchased a new position in Pacific Premier Bancorp shares in the first quarter valued at $ 64,000. 91.99% of the shares are currently held by institutional investors.
About Pacific Premier Bancorp
Pacific Premier Bancorp, Inc is the banking holding company of Pacific Premier Bank that 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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