Pacific Premier Bancorp (PPBI) to Release Earnings on Wednesday

Pacific Premier Bancorp (NASDAQ:PPBI) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of ($17.00) million for the quarter, compared to analyst estimates of $169.50 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pacific Premier Bancorp Trading Down 0.6 %

NASDAQ PPBI opened at $22.13 on Tuesday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 73.77 and a beta of 1.21. The business has a fifty day simple moving average of $23.06 and a 200 day simple moving average of $24.10. Pacific Premier Bancorp has a 12 month low of $17.53 and a 12 month high of $30.13. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Pacific Premier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.32 annualized dividend and a yield of 5.96%. Pacific Premier Bancorp’s dividend payout ratio is currently 440.00%.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky purchased 1,200 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $23.92 per share, with a total value of $28,704.00. Following the acquisition, the director now directly owns 14,507 shares in the company, valued at approximately $347,007.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Raymond James restated an “outperform” rating and issued a $29.00 target price (up previously from $26.00) on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. TheStreet downgraded Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Stephens restated an “equal weight” rating and issued a $28.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Wedbush cut their target price on Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, January 30th. Finally, StockNews.com raised Pacific Premier Bancorp to a “sell” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.60.

About Pacific Premier Bancorp

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.