Analysts predict that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) will report $0.61 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Pacific Premier Bancorp’s earnings, with estimates ranging from $0.58 to $0.64. Pacific Premier Bancorp posted earnings of $0.66 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 7.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that Pacific Premier Bancorp will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.47 to $2.55. For the next financial year, analysts expect that the firm will post earnings of $2.43 per share, with EPS estimates ranging from $2.32 to $2.50. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Pacific Premier Bancorp had a net margin of 28.03% and a return on equity of 8.07%. The firm had revenue of $123.77 million during the quarter, compared to the consensus estimate of $117.66 million. During the same period in the prior year, the firm earned $0.46 EPS.
A number of analysts recently commented on PPBI shares. BidaskClub upgraded shares of Pacific Premier Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th. ValuEngine upgraded shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Stephens restated a “hold” rating and set a $31.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Pacific Premier Bancorp has an average rating of “Buy” and a consensus target price of $31.00.
Several hedge funds have recently made changes to their positions in PPBI. Meeder Asset Management Inc. purchased a new stake in shares of Pacific Premier Bancorp during the 3rd quarter valued at approximately $29,000. Flinton Capital Management LLC lifted its stake 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 worth $46,000 after purchasing an additional 416 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Pacific Premier Bancorp in the 2nd quarter worth approximately $57,000. Meadow Creek Investment Management LLC lifted its stake 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 worth $63,000 after purchasing an additional 572 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its stake 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 worth $71,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.
Pacific Premier Bancorp stock opened at $34.20 on Wednesday. Pacific Premier Bancorp has a twelve month low of $23.01 and a twelve month high of $34.90. The firm has a 50 day moving average price of $32.12 and a 200-day moving average price of $30.52. The company has a market capitalization of $2.08 billion, a P/E ratio of 13.63 and a beta of 1.24. 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 also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, October 31st. Pacific Premier Bancorp’s payout ratio is currently 35.06%.
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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