Equities analysts forecast that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get Rating) will post $0.75 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pacific Premier Bancorp’s earnings, with estimates ranging from $0.69 to $0.80. Pacific Premier Bancorp posted earnings of $0.72 per share during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The business is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Pacific Premier Bancorp will report full year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $3.22. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.27 per share, with EPS estimates ranging from $3.07 to $3.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) last announced its earnings results on Thursday, January 20th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. Pacific Premier Bancorp had a net margin of 42.24% and a return on equity of 12.10%. The business had revenue of $198.00 million during the quarter, compared to the consensus estimate of $195.31 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of PPBI. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Pacific Premier Bancorp during the 1st quarter valued at approximately $85,000. Morgan Stanley lifted its position in shares of Pacific Premier Bancorp by 34.6% during the 2nd quarter. Morgan Stanley now owns 354,744 shares of the financial services provider’s stock valued at $15,002,000 after acquiring an additional 91,104 shares during the period. Strs Ohio lifted its position in shares of Pacific Premier Bancorp by 216.1% during the 3rd quarter. Strs Ohio now owns 17,700 shares of the financial services provider’s stock valued at $733,000 after acquiring an additional 12,100 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Pacific Premier Bancorp by 25.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 69,395 shares of the financial services provider’s stock valued at $2,876,000 after acquiring an additional 14,156 shares during the period. Finally, Emerald Advisers LLC lifted its position in shares of Pacific Premier Bancorp by 3.3% during the 3rd quarter. Emerald Advisers LLC now owns 989,199 shares of the financial services provider’s stock valued at $40,992,000 after acquiring an additional 31,942 shares during the period. Institutional investors own 91.99% of the company’s stock.
Shares of PPBI traded up $0.57 during mid-day trading on Wednesday, hitting $34.35. 20,757 shares of the company’s stock were exchanged, compared to its average volume of 381,649. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.25 billion, a P/E ratio of 9.46 and a beta of 1.21. Pacific Premier Bancorp has a fifty-two week low of $33.33 and a fifty-two week high of $47.46. The business’s 50 day moving average is $37.13 and its two-hundred day moving average is $39.93.
The business also recently declared a quarterly dividend, which was paid on Friday, February 11th. Stockholders of record on Friday, February 4th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. Pacific Premier Bancorp’s payout ratio is 36.97%.
About Pacific Premier Bancorp (Get Rating)
Pacific Premier Bancorp, Inc operates as the bank holding company for 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, money market, and savings accounts; and certificates of deposit.
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