FY2024 EPS Estimates for Pacific Premier Bancorp, Inc. Decreased by Analyst (NASDAQ:PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities research analysts at DA Davidson decreased their FY2024 EPS estimates for shares of Pacific Premier Bancorp in a research note issued on Thursday, April 25th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $1.78 for the year, down from their prior forecast of $2.08. DA Davidson currently has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.84 per share.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $239.21 million for the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same quarter last year, the business earned $0.66 earnings per share.

A number of other research analysts have also issued reports on PPBI. Raymond James reiterated an “outperform” rating and set a $25.00 price target (down previously from $29.00) on shares of Pacific Premier Bancorp in a research report on Thursday, April 25th. Keefe, Bruyette & Woods decreased their target price on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Piper Sandler lowered their target price on shares of Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday. TheStreet lowered shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Finally, Wedbush reiterated a “neutral” rating and set a $25.00 price objective on shares of Pacific Premier Bancorp in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Pacific Premier Bancorp presently has a consensus rating of “Hold” and a consensus price target of $26.33.

Pacific Premier Bancorp Stock Up 0.0 %

PPBI opened at $21.99 on Monday. The stock’s 50 day moving average price is $22.84 and its 200 day moving average price is $24.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.93. The stock has a market cap of $2.11 billion, a P/E ratio of 169.17 and a beta of 1.21. Pacific Premier Bancorp has a 12 month low of $17.53 and a 12 month high of $30.13.

Hedge Funds Weigh In On Pacific Premier Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth $42,000. Bfsg LLC purchased a new stake in Pacific Premier Bancorp in the 4th quarter worth about $93,000. Versor Investments LP acquired a new stake in Pacific Premier Bancorp during the 3rd quarter worth about $200,000. Bailard Inc. purchased a new position in Pacific Premier Bancorp during the 4th quarter valued at about $207,000. Finally, FineMark National Bank & Trust acquired a new position in shares of Pacific Premier Bancorp in the 4th quarter valued at about $234,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pacific Premier Bancorp

In related news, Director Barbara Polsky purchased 1,200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average price of $23.92 per share, with a total value of $28,704.00. Following the completion of the acquisition, the director now owns 14,507 shares of the company’s stock, valued at $347,007.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 annualized dividend and a dividend yield of 6.00%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 1,015.46%.

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.