Pacific Premier Bancorp (PPBI) Set to Announce Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) is scheduled to announce its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Pacific Premier Bancorp Stock Performance

Shares of PPBI opened at $30.28 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 0.86. Pacific Premier Bancorp has a one year low of $27.92 and a one year high of $40.90. The company has a 50-day simple moving average of $33.07 and a two-hundred day simple moving average of $33.31. The firm has a market capitalization of $2.88 billion, a PE ratio of 9.80 and a beta of 1.24.

Insider Activity at Pacific Premier Bancorp

In related news, CEO Steven R. Gardner sold 102,638 shares of the company’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $31.56, for a total transaction of $3,239,255.28. Following the transaction, the chief executive officer now directly owns 368,482 shares in the company, valued at approximately $11,629,291.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P raised its holdings in shares of Pacific Premier Bancorp by 3.3% in the first quarter. Loomis Sayles & Co. L P now owns 630,315 shares of the financial services provider’s stock worth $22,282,000 after buying an additional 20,005 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Pacific Premier Bancorp by 3.5% in the first quarter. Vanguard Group Inc. now owns 10,993,185 shares of the financial services provider’s stock valued at $388,609,000 after purchasing an additional 366,905 shares during the period. Sei Investments Co. grew its position in shares of Pacific Premier Bancorp by 11.5% in the first quarter. Sei Investments Co. now owns 514,288 shares of the financial services provider’s stock valued at $18,202,000 after purchasing an additional 52,909 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Pacific Premier Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,100,097 shares of the financial services provider’s stock worth $180,292,000 after buying an additional 60,891 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Pacific Premier Bancorp by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 83,561 shares of the financial services provider’s stock worth $3,027,000 after buying an additional 1,848 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.

Pacific Premier Bancorp Company Profile

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Pacific Premier Bancorp, Inc is a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment.