Wall Street brokerages expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get Rating) to announce sales of $191.53 million for the current quarter, Zacks reports. Four analysts have issued estimates for Pacific Premier Bancorp’s earnings, with the lowest sales estimate coming in at $190.70 million and the highest estimate coming in at $192.00 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 2.1%. The business is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Pacific Premier Bancorp will report full-year sales of $774.50 million for the current financial year, with estimates ranging from $752.00 million to $784.00 million. For the next year, analysts expect that the company will post sales of $849.05 million, with estimates ranging from $837.70 million to $864.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05). The firm had revenue of $187.70 million during the quarter, compared to the consensus estimate of $190.69 million. Pacific Premier Bancorp had a return on equity of 11.95% and a net margin of 42.15%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS.
In other news, Director Joseph L. Garrett sold 2,500 shares of Pacific Premier Bancorp stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $31.21, for a total transaction of $78,025.00. Following the sale, the director now owns 83,075 shares of the company’s stock, valued at approximately $2,592,770.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.16% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. CWM LLC increased its holdings in Pacific Premier Bancorp by 135.5% in the 1st quarter. CWM LLC now owns 796 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 458 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Pacific Premier Bancorp during the 1st quarter worth $32,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Pacific Premier Bancorp during the 4th quarter worth $33,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Pacific Premier Bancorp by 243.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 976 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 692 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Pacific Premier Bancorp by 42.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,215 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 91.89% of the company’s stock.
Shares of PPBI opened at $30.76 on Friday. Pacific Premier Bancorp has a 12 month low of $30.23 and a 12 month high of $47.46. The stock has a fifty day moving average price of $34.33 and a 200-day moving average price of $38.13. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.92 billion, a PE ratio of 8.66 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, May 6th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, May 5th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 37.18%.
Pacific Premier Bancorp Company Profile (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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