Pacific Premier Bancorp (NASDAQ:PPBI) Issues Earnings Results

Pacific Premier Bancorp (NASDAQ:PPBI) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01, Briefing.com reports. The company had revenue of $239.21 million during the quarter, compared to analysts’ expectations of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same period in the prior year, the company posted $0.66 EPS.

Pacific Premier Bancorp Price Performance

Pacific Premier Bancorp stock traded down $0.18 during mid-day trading on Friday, hitting $21.98. The company’s stock had a trading volume of 771,200 shares, compared to its average volume of 536,396. The stock’s fifty day moving average price is $23.02 and its two-hundred day moving average price is $24.10. Pacific Premier Bancorp has a twelve month low of $17.53 and a twelve month high of $30.13. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.11 billion, a P/E ratio of 170.47 and a beta of 1.21.

Pacific Premier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a $0.33 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.32 annualized dividend and a yield of 6.01%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 1,015.46%.

Analyst Ratings Changes

A number of research firms have weighed in on PPBI. Wedbush reissued a “neutral” rating and issued a $25.00 price objective on shares of Pacific Premier Bancorp in a research report on Thursday. Stephens reaffirmed 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. Raymond James reaffirmed an “outperform” rating and set a $25.00 price target (down previously from $29.00) on shares of Pacific Premier Bancorp in a research report on Thursday. StockNews.com raised shares of Pacific Premier Bancorp to a “sell” rating in a research report on Tuesday. Finally, TheStreet cut shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.17.

Insider Buying and Selling

In other news, Director Barbara Polsky acquired 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $23.92 per share, with a total value of $28,704.00. Following the purchase, the director now owns 14,507 shares of the company’s stock, valued at approximately $347,007.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.21% 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 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.