$0.63 EPS Expected for Pacific Premier Bancorp, Inc. (PPBI) This Quarter

Equities research analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to post earnings of $0.63 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Pacific Premier Bancorp’s earnings, with estimates ranging from $0.58 to $0.66. Pacific Premier Bancorp reported earnings per share of $0.62 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The firm is scheduled to issue its next earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Pacific Premier Bancorp will report full year earnings of $2.68 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.87. For the next year, analysts expect that the business will report earnings of $2.94 per share, with EPS estimates ranging from $2.73 to $3.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Tuesday, January 29th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. Pacific Premier Bancorp had a return on equity of 8.59% and a net margin of 25.76%. The business had revenue of $122.26 million for the quarter, compared to the consensus estimate of $121.76 million. During the same period last year, the business posted $0.36 EPS. The company’s revenue was up 43.1% compared to the same quarter last year.

Several brokerages have commented on PPBI. Zacks Investment Research downgraded Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine upgraded Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 29th. FIG Partners reiterated an “outperform” rating on shares of Pacific Premier Bancorp in a research note on Tuesday, January 29th. BidaskClub upgraded Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, TheStreet downgraded Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus price target of $46.00.

Shares of PPBI opened at $29.98 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Pacific Premier Bancorp has a 12 month low of $23.01 and a 12 month high of $46.05. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

The firm also recently announced a special dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, February 14th.

In other Pacific Premier Bancorp news, CFO Ronald J. Jr. Nicolas bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average cost of $29.39 per share, for a total transaction of $29,390.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have acquired 3,000 shares of company stock worth $84,840. Company insiders own 4.12% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PPBI. Vanguard Group Inc. boosted its stake in shares of Pacific Premier Bancorp by 60.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,271,251 shares of the financial services provider’s stock worth $196,091,000 after buying an additional 1,980,341 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Pacific Premier Bancorp by 60.2% in the 3rd quarter. Vanguard Group Inc now owns 5,271,251 shares of the financial services provider’s stock worth $196,091,000 after buying an additional 1,980,341 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Pacific Premier Bancorp by 11.3% in the 3rd quarter. BlackRock Inc. now owns 6,598,835 shares of the financial services provider’s stock worth $245,478,000 after buying an additional 669,235 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Pacific Premier Bancorp by 106.9% in the 3rd quarter. Brown Advisory Inc. now owns 990,083 shares of the financial services provider’s stock worth $36,831,000 after buying an additional 511,440 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Pacific Premier Bancorp by 40.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,292,454 shares of the financial services provider’s stock worth $48,079,000 after buying an additional 371,371 shares during the last quarter. Hedge funds and other institutional investors own 79.04% 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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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

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