Pacific Premier Bancorp (PPBI) Posts Quarterly Earnings, Misses Expectations By $0.05 EPS
Pacific Premier Bancorp (NASDAQ:PPBI) announced its earnings results on Wednesday. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.05, AnalystRatingsNetwork.com reports.
On the ratings front, analysts at FIG Partners downgraded shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 26th. They now have a $14.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.58.
Pacific Premier Bancorp (NASDAQ:PPBI) opened at 14.13 on Wednesday. Pacific Premier Bancorp has a 1-year low of $8.90 and a 1-year high of $13.92. The stock has a 50-day moving average of $13.09 and a 200-day moving average of $12.51. The company has a market cap of $235.1 million and a price-to-earnings ratio of 21.15.
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary includes Pacific Premier Bank (NASDAQ:PPBI).
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