Brokerages Expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to Announce $0.71 EPS

Equities research analysts predict that Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) will report $0.71 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Pacific Premier Bancorp’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.70. Pacific Premier Bancorp posted earnings of $1.01 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 29.7%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Pacific Premier Bancorp will report full-year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.86 to $3.03. For the next financial year, analysts forecast that the company will report earnings of $3.23 per share, with EPS estimates ranging from $3.10 to $3.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBIGet Rating) last announced its earnings results on Tuesday, April 26th. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The business had revenue of $187.70 million for the quarter, compared to the consensus estimate of $190.69 million. Pacific Premier Bancorp had a net margin of 42.15% and a return on equity of 11.95%. Pacific Premier Bancorp’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS.

PPBI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. StockNews.com upgraded Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 31st.

In related news, Director Joseph L. Garrett sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $31.21, for a total value of $78,025.00. Following the completion of the transaction, the director now owns 83,075 shares of the company’s stock, valued at $2,592,770.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.16% of the company’s stock.

Several hedge funds have recently modified their holdings of PPBI. CWM LLC increased its position in shares of Pacific Premier Bancorp by 135.5% during the first quarter. CWM LLC now owns 796 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 458 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Pacific Premier Bancorp in the 1st quarter valued at $32,000. EverSource Wealth Advisors LLC acquired a new position in shares of Pacific Premier Bancorp in the 4th quarter valued at $33,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Pacific Premier Bancorp by 243.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 976 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 692 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Pacific Premier Bancorp by 42.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,215 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 363 shares during the period. 91.89% of the stock is currently owned by institutional investors and hedge funds.

PPBI stock traded up $0.41 during midday trading on Tuesday, reaching $33.08. 241,579 shares of the company’s stock traded hands, compared to its average volume of 383,443. Pacific Premier Bancorp has a 52-week low of $29.92 and a 52-week high of $47.46. The stock has a market cap of $3.14 billion, a P/E ratio of 9.32 and a beta of 1.21. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $33.02 and its 200 day moving average is $36.97.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, May 6th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, May 5th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 37.18%.

About Pacific Premier Bancorp (Get Rating)

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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