Wall Street analysts predict that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) will post earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pacific Premier Bancorp’s earnings, with estimates ranging from $0.58 to $0.64. Pacific Premier Bancorp reported earnings of $0.64 per share in the same quarter last year, which would suggest a negative year over year growth rate of 3.1%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, October 22nd.
According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.37 to $2.53. For the next fiscal year, analysts expect that the firm will post earnings of $2.52 per share, with EPS estimates ranging from $2.29 to $2.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Pacific Premier Bancorp had a return on equity of 8.04% and a net margin of 26.08%. During the same period last year, the firm earned $0.46 EPS.
Several analysts recently weighed in on the company. ValuEngine raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Stephens reissued a “hold” rating and set a $31.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday. Finally, Zacks Investment Research raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pacific Premier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $31.00.
NASDAQ:PPBI traded up $0.57 during trading hours on Tuesday, hitting $32.47. The company’s stock had a trading volume of 660,757 shares, compared to its average volume of 407,409. The stock has a fifty day simple moving average of $30.98 and a 200-day simple moving average of $30.09. The company has a market capitalization of $1.89 billion, a P/E ratio of 12.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 1.02. Pacific Premier Bancorp has a twelve month low of $23.01 and a twelve month high of $32.80.
In other news, Director Joseph L. Garrett purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $28.78 per share, with a total value of $28,780.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.67% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of PPBI. Meeder Asset Management Inc. bought a new position in shares of Pacific Premier Bancorp during the third quarter worth about $29,000. Flinton Capital Management LLC increased its holdings in Pacific Premier Bancorp by 38.8% in the second quarter. Flinton Capital Management LLC now owns 1,488 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 416 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Pacific Premier Bancorp in the second quarter worth approximately $57,000. Meadow Creek Investment Management LLC increased its holdings in Pacific Premier Bancorp by 38.8% in the second quarter. Meadow Creek Investment Management LLC now owns 2,046 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 572 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in Pacific Premier Bancorp by 35.3% in the second quarter. Riverhead Capital Management LLC now owns 2,300 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.
Pacific Premier Bancorp Company Profile
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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