Zacks: Brokerages Expect Pacific Premier Bancorp Inc (PPBI) Will Post Earnings of $0.41 Per Share
Wall Street analysts expect that Pacific Premier Bancorp Inc (NASDAQ:PPBI) will announce earnings of $0.41 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Pacific Premier Bancorp’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.30. Pacific Premier Bancorp posted earnings of $0.45 per share in the same quarter last year, which suggests a negative year over year growth rate of 8.9%. The business is scheduled to announce its next earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.94. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $2.37 to $2.44. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $72.51 million during the quarter, compared to analyst estimates of $72.23 million. Pacific Premier Bancorp had a net margin of 21.82% and a return on equity of 9.21%. During the same period in the previous year, the firm earned $0.33 earnings per share.
Pacific Premier Bancorp (NASDAQ:PPBI) traded up $0.20 during midday trading on Thursday, reaching $39.00. 298,701 shares of the company’s stock traded hands, compared to its average volume of 355,942. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $1,797.94, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.90 and a beta of 0.82. Pacific Premier Bancorp has a 52 week low of $32.05 and a 52 week high of $42.55.
In other Pacific Premier Bancorp news, CFO Ronald J. Jr. Nicolas bought 2,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $36.97 per share, for a total transaction of $92,425.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven R. Gardner sold 7,500 shares of Pacific Premier Bancorp stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.14, for a total value of $256,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,500 shares of company stock valued at $2,714,150. Corporate insiders own 4.59% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its position in shares of Pacific Premier Bancorp by 95.8% during the second quarter. New York State Common Retirement Fund now owns 73,638 shares of the financial services provider’s stock worth $2,717,000 after purchasing an additional 36,033 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Pacific Premier Bancorp in the second quarter valued at about $31,506,000. TD Asset Management Inc. bought a new stake in shares of Pacific Premier Bancorp in the second quarter valued at about $601,000. CNH Partners LLC bought a new stake in shares of Pacific Premier Bancorp in the second quarter valued at about $1,384,000. Finally, Jennison Associates LLC bought a new stake in shares of Pacific Premier Bancorp in the second quarter valued at about $466,000. Institutional investors and hedge funds own 71.84% of the company’s stock.
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About Pacific Premier Bancorp
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.
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