Pacific Premier Bancorp (NASDAQ:PPBI) is expected to release quarterly earnings data before market open Thursday, January 20. Analysts expect the company to report earnings of $0.85 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its results on Wednesday, October 20. The financial services provider reported EPS of $0.95 for the quarter, beating the consensus estimate of $0.82 by $0.13. The company posted revenue of $199.20 million for the quarter, versus analyst estimates of $189.20 million. Pacific Premier Bancorp achieved a return on equity of 11.61% and a net margin of 40.06%. The company’s revenue for the quarter increased by 3.1% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.71. On average, analysts expect Pacific Premier Bancorp to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.
Shares of NASDAQ: PPBI opened at $43.34 on Thursday. The company’s 50-day simple moving average is $40.91 and its two-hundred-day simple moving average is $40.51. The company has a market capitalization of $4.10 billion, a P/E ratio of 12.78 and a beta of 1.28. The company has a debt ratio of 0.17, a quick ratio of 0.80 and a current ratio of 0.80. Pacific Premier Bancorp has a 52-week low of $32.70 and a 52-week high of $47.46.
The company also recently declared a quarterly dividend, which was paid on Friday, November 12. Shareholders of record on Monday, November 1 received a dividend of $0.33. The ex-dividend date was Friday, October 29. This represents an annualized dividend of $1.32 and a yield of 3.05%. Pacific Premier Bancorp’s payout ratio is currently 38.94%.
A number of analysts have recently commented on the company. Raymond James downgraded Pacific Premier Bancorp from a “Strong Buy” rating to an “Outperform” rating and raised its price target for the company from $45.00 to $47.00 in a Thursday, October 7 research report . They noted that the move was a review call. Zacks Investment Research downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 8.
Separately, director Jeff C. Jones sold 6,248 shares of Pacific Premier Bancorp in a trade dated Tuesday, November 2. The stock was sold at an average price of $43.75, for a total value of $273,350.00. The transaction was disclosed in an SEC filing, available at this link. Also, director Joseph L. Garrett sold 1,490 shares of the company in a trade dated Wednesday, October 27. The shares were sold at an average price of $42.89, for a total value of $63,906.10. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 8,518 shares of the company valued at $371,654. Company insiders own 2.04% of the company’s shares.
A number of hedge funds have recently increased or reduced their stake in PPBI. LPL Financial LLC increased its position in Pacific Premier Bancorp by 6.3% in the third quarter. LPL Financial LLC now owns 6,487 shares of the financial services provider valued at $269,000 after acquiring 382 additional shares last quarter. Janus Henderson Group PLC bought a new equity stake in Pacific Premier Bancorp in Q3 for $295,000. Finally, Morgan Stanley increased its stake in shares of Pacific Premier Bancorp by 34.6% in the 2nd quarter. Morgan Stanley now owns 354,744 shares of the financial services provider worth $15,002,000 after buying an additional 91,104 shares last quarter. 91.63% of the shares are currently held by institutional investors and hedge funds.
About Pacific Premier Bancorp
Pacific Premier Bancorp, Inc is a bank holding company that provides banking services through its subsidiary, Pacific Premier Bank. It offers business and consumer deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking and online bill payment.
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