Pacific Premier Bancorp, Inc. to Post Q4 2022 Earnings of $0.76 Per Share, Wedbush Forecasts (NASDAQ:PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities research analysts at Wedbush increased their Q4 2022 earnings per share estimates for shares of Pacific Premier Bancorp in a research report issued to clients and investors on Friday, September 17th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will earn $0.76 per share for the quarter, up from their prior estimate of $0.75. Wedbush has a “Neutral” rating and a $48.00 price objective on the stock.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Monday, July 26th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.30. Pacific Premier Bancorp had a net margin of 37.01% and a return on equity of 10.91%. The company had revenue of $160.93 million during the quarter, compared to analyst estimates of $180.18 million. During the same period last year, the firm posted ($1.41) EPS. Pacific Premier Bancorp’s revenue for the quarter was up 23.5% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the stock. Raymond James reduced their price target on shares of Pacific Premier Bancorp from $49.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 28th. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, July 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $41.25.

PPBI opened at $37.42 on Monday. Pacific Premier Bancorp has a 12-month low of $18.47 and a 12-month high of $47.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.54 billion, a PE ratio of 11.88 and a beta of 1.40. The firm has a 50 day moving average of $38.79 and a two-hundred day moving average of $42.18.

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Pacific Premier Bancorp in the 2nd quarter valued at $434,000. Parametric Portfolio Associates LLC grew its stake in Pacific Premier Bancorp by 3.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 599,483 shares of the financial services provider’s stock valued at $25,352,000 after acquiring an additional 20,819 shares during the period. Marshall Wace LLP acquired a new stake in Pacific Premier Bancorp in the 2nd quarter valued at $1,168,000. Marshall Wace North America L.P. acquired a new stake in Pacific Premier Bancorp in the 2nd quarter valued at $1,140,000. Finally, Morgan Stanley grew its stake in Pacific Premier Bancorp by 34.6% in the 2nd quarter. Morgan Stanley now owns 354,744 shares of the financial services provider’s stock valued at $15,002,000 after acquiring an additional 91,104 shares during the period. 91.67% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, August 6th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, August 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. Pacific Premier Bancorp’s payout ratio is 176.00%.

About Pacific Premier Bancorp

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.

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

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