Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Expected to Announce Quarterly Sales of $192.13 Million

Equities research analysts expect that Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) will announce $192.13 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Pacific Premier Bancorp’s earnings, with estimates ranging from $190.70 million to $193.90 million. Pacific Premier Bancorp posted sales of $187.66 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year sales of $774.55 million for the current financial year, with estimates ranging from $752.00 million to $784.00 million. For the next fiscal year, analysts expect that the business will report sales of $854.28 million, with estimates ranging from $838.70 million to $870.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBIGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). Pacific Premier Bancorp had a net margin of 42.24% and a return on equity of 12.10%. The company had revenue of $187.70 million for the quarter, compared to analyst estimates of $190.69 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. Pacific Premier Bancorp’s revenue was up 1.2% on a year-over-year basis.

A number of equities research analysts have recently issued reports on PPBI shares. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, April 6th. StockNews.com initiated coverage on Pacific Premier Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Stephens lowered Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Tuesday, January 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.75.

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of Pacific Premier Bancorp by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 164,765 shares of the financial services provider’s stock valued at $6,828,000 after buying an additional 1,757 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Pacific Premier Bancorp during the 4th quarter worth approximately $33,000. American Century Companies Inc. increased its holdings in Pacific Premier Bancorp by 10.7% during the 4th quarter. American Century Companies Inc. now owns 2,497,684 shares of the financial services provider’s stock worth $99,982,000 after purchasing an additional 242,293 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Pacific Premier Bancorp during the 3rd quarter worth approximately $1,265,000. Finally, Renaissance Technologies LLC purchased a new stake in Pacific Premier Bancorp during the 3rd quarter worth approximately $3,359,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

PPBI stock opened at $32.95 on Friday. The firm has a 50 day moving average of $35.84 and a 200-day moving average of $39.18. Pacific Premier Bancorp has a 12-month low of $32.04 and a 12-month high of $47.46. 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 company has a market cap of $3.13 billion, a price-to-earnings ratio of 9.23 and a beta of 1.21.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, May 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, May 5th. This represents a $1.32 annualized dividend and a dividend yield of 4.01%. Pacific Premier Bancorp’s payout ratio is currently 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.

Further Reading

Get a free copy of the Zacks research report on Pacific Premier Bancorp (PPBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Pacific Premier Bancorp (NASDAQ:PPBI)

Receive News & Ratings for Pacific Premier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.