Pacific Premier Bancorp (PPBI) Set to Announce Quarterly Earnings on Wednesday

Pacific Premier Bancorp (NASDAQ:PPBI) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. The company had revenue of ($17.00) million for the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the prior year, the company earned $0.77 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ PPBI opened at $21.27 on Wednesday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 70.90 and a beta of 1.21. Pacific Premier Bancorp has a 12 month low of $17.53 and a 12 month high of $30.13. The company has a 50 day simple moving average of $23.27 and a two-hundred day simple moving average of $24.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.32 dividend on an annualized basis and a yield of 6.21%. Pacific Premier Bancorp’s dividend payout ratio is presently 440.00%.

Insider Transactions at Pacific Premier Bancorp

In other news, Director Barbara Polsky bought 1,200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now directly owns 14,507 shares in the company, valued at approximately $347,007.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Pacific Premier Bancorp in the first quarter valued at approximately $32,000. Quarry LP purchased a new stake in Pacific Premier Bancorp in the 1st quarter valued at $28,000. Belpointe Asset Management LLC increased its stake in shares of Pacific Premier Bancorp by 279.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,365 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,005 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Pacific Premier Bancorp by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,201 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 507 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Pacific Premier Bancorp by 69.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,094 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James reissued an “outperform” rating and issued a $29.00 price target (up from $26.00) on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. StockNews.com upgraded shares of Pacific Premier Bancorp to a “sell” rating in a research report on Wednesday, March 20th. TheStreet downgraded shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Wedbush dropped their target price on Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 30th. Finally, Stephens reiterated an “equal weight” rating and set a $28.00 price target on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.60.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.