Pacific Premier Bancorp Inc (NASDAQ:PPBI) – Equities research analysts at DA Davidson reduced their Q4 2017 earnings per share (EPS) estimates for Pacific Premier Bancorp in a report issued on Tuesday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.52 per share for the quarter, down from their previous forecast of $0.53. DA Davidson also issued estimates for Pacific Premier Bancorp’s FY2018 earnings at $2.32 EPS.

A number of other research firms also recently weighed in on PPBI. BidaskClub downgraded Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Monday. Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $41.00 target price (down from $43.00) on shares of Pacific Premier Bancorp in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Pacific Premier Bancorp presently has an average rating of “Buy” and a consensus price target of $41.75.

ILLEGAL ACTIVITY WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/07/27/da-davidson-analysts-cut-earnings-estimates-for-pacific-premier-bancorp-inc-ppbi.html.

Shares of Pacific Premier Bancorp (PPBI) traded down 0.69% on Thursday, hitting $35.85. The stock had a trading volume of 42,717 shares. The stock has a market cap of $1.43 billion, a P/E ratio of 24.44 and a beta of 0.73. Pacific Premier Bancorp has a 12 month low of $23.72 and a 12 month high of $41.90. The firm has a 50 day moving average of $36.65 and a 200 day moving average of $37.25.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.12. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 11.98%. The business had revenue of $72.10 million for the quarter, compared to analysts’ expectations of $68.18 million. During the same quarter last year, the business earned $0.38 EPS.

In other news, Director Simone Lagomarsino sold 6,250 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $37.00, for a total value of $231,250.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 29,799 shares of company stock worth $1,099,688 over the last 90 days. Company insiders own 4.59% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock valued at $112,000 after buying an additional 207 shares in the last quarter. Navellier & Associates Inc increased its stake in shares of Pacific Premier Bancorp by 0.7% in the first quarter. Navellier & Associates Inc now owns 34,653 shares of the financial services provider’s stock valued at $1,336,000 after buying an additional 228 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Pacific Premier Bancorp by 4.1% in the first quarter. Citadel Advisors LLC now owns 10,632 shares of the financial services provider’s stock valued at $410,000 after buying an additional 415 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Pacific Premier Bancorp by 0.3% in the first quarter. Alliancebernstein L.P. now owns 156,640 shares of the financial services provider’s stock valued at $6,038,000 after buying an additional 500 shares in the last quarter. Finally, Ngam Advisors L.P. increased its stake in shares of Pacific Premier Bancorp by 0.8% in the first quarter. Ngam Advisors L.P. now owns 134,335 shares of the financial services provider’s stock valued at $5,179,000 after buying an additional 1,044 shares in the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

Earnings History and Estimates for Pacific Premier Bancorp (NASDAQ:PPBI)

Receive News & Ratings for Pacific Premier Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.