Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01), Briefing.com reports. The business had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $153.23 million. During the same quarter in the previous year, the business posted $0.48 EPS.
Pacific Premier Bancorp Price Performance
Shares of NASDAQ:PPBI traded up $0.08 during mid-day trading on Friday, reaching $25.09. 532,276 shares of the company’s stock were exchanged, compared to its average volume of 544,998. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.89. Pacific Premier Bancorp has a twelve month low of $18.60 and a twelve month high of $30.13. The business’s fifty day moving average price is $25.09 and its 200-day moving average price is $23.82.
Pacific Premier Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Monday, November 4th. Pacific Premier Bancorp’s payout ratio is currently -3,299.18%.
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Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on PPBI shares. Raymond James increased their price objective on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Wedbush decreased their price objective on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Stephens upped their target price on Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.
View Our Latest Stock Report on Pacific Premier Bancorp
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.
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