FY2019 Earnings Estimate for Pacific Premier Bancorp, Inc. Issued By FIG Partners (PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities research analysts at FIG Partners raised their FY2019 earnings per share (EPS) estimates for Pacific Premier Bancorp in a report issued on Wednesday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings per share of $3.02 for the year, up from their previous forecast of $2.67.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $72.51 million during the quarter, compared to analysts’ expectations 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 company earned $0.33 EPS.

Several other brokerages have also issued reports on PPBI. ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 price target on shares of Pacific Premier Bancorp in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Shares of Pacific Premier Bancorp (NASDAQ PPBI) traded up $0.10 during trading hours on Friday, hitting $39.30. 380,000 shares of the stock traded hands, compared to its average volume of 368,200. The firm has a market cap of $1,811.81, a PE ratio of 24.26, a PEG ratio of 1.99 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Pacific Premier Bancorp has a one year low of $32.05 and a one year high of $42.55.

In other news, CFO Ronald J. Jr. Nicolas acquired 2,500 shares of Pacific Premier Bancorp stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $36.97 per share, with a total value of $92,425.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Steven R. Gardner sold 12,500 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $41.02, for a total transaction of $512,750.00. The disclosure for this sale can be found here. Insiders own 4.59% of the company’s stock.

Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Pacific Premier Bancorp by 30.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 160,356 shares of the financial services provider’s stock valued at $5,918,000 after acquiring an additional 37,273 shares during the period. Rhumbline Advisers lifted its position in shares of Pacific Premier Bancorp by 45.7% during the 2nd quarter. Rhumbline Advisers now owns 43,859 shares of the financial services provider’s stock valued at $1,618,000 after acquiring an additional 13,760 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Pacific Premier Bancorp by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 310,688 shares of the financial services provider’s stock valued at $11,465,000 after acquiring an additional 22,426 shares during the period. Legal & General Group Plc lifted its position in shares of Pacific Premier Bancorp by 50.8% during the 2nd quarter. Legal & General Group Plc now owns 9,769 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 3,291 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Pacific Premier Bancorp by 4,866.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,023 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,942 shares during the period. 71.35% of the stock is currently owned by institutional investors.

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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.

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

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