Analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to report $117.66 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Pacific Premier Bancorp’s earnings. The lowest sales estimate is $116.39 million and the highest is $118.70 million. Pacific Premier Bancorp posted sales of $120.26 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The business is expected to report its next earnings results before the market opens on Tuesday, October 22nd.
According to Zacks, analysts expect that Pacific Premier Bancorp will report full year sales of $471.30 million for the current year, with estimates ranging from $466.69 million to $475.00 million. For the next financial year, analysts anticipate that the firm will report sales of $485.75 million, with estimates ranging from $466.05 million to $500.70 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the firm posted $0.46 EPS.
PPBI has been the topic of a number of recent analyst reports. Stephens reissued a “hold” rating and issued a $31.00 price objective on shares of Pacific Premier Bancorp in a research note on Tuesday. ValuEngine raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Pacific Premier Bancorp currently has a consensus rating of “Hold” and an average price target of $31.00.
In other Pacific Premier Bancorp news, Director Joseph L. Garrett acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $28.78 per share, with a total value of $28,780.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.67% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in Pacific Premier Bancorp in the 3rd quarter valued at about $29,000. Flinton Capital Management LLC increased its position in Pacific Premier Bancorp by 38.8% in the 2nd quarter. Flinton Capital Management LLC now owns 1,488 shares of the financial services provider’s stock valued at $46,000 after buying an additional 416 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Pacific Premier Bancorp in the 2nd quarter valued at about $57,000. Meadow Creek Investment Management LLC increased its position in Pacific Premier Bancorp by 38.8% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 2,046 shares of the financial services provider’s stock valued at $63,000 after buying an additional 572 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in Pacific Premier Bancorp by 35.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,300 shares of the financial services provider’s stock valued at $71,000 after buying an additional 600 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.
PPBI traded up $0.57 during midday trading on Thursday, hitting $32.47. 660,757 shares of the company were exchanged, compared to its average volume of 407,409. The firm 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 quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $30.98 and its 200-day moving average price is $30.09. Pacific Premier Bancorp has a 1-year low of $23.01 and a 1-year high of $32.80.
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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