Pacific Premier Bancorp (PPBI) Scheduled to Post Quarterly Earnings on Tuesday

Pacific Premier Bancorp (NASDAQ:PPBI) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $72.51 million for 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 last year, the business earned $0.33 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Pacific Premier Bancorp (NASDAQ:PPBI) opened at $41.65 on Tuesday. The company has a market cap of $1,920.00, a P/E ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01. Pacific Premier Bancorp has a 12 month low of $32.05 and a 12 month high of $42.55.

In related news, CFO Ronald J. Jr. Nicolas purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $36.97 per share, with a total value of $92,425.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Steven R. Gardner sold 12,500 shares of the business’s stock in a transaction on Friday, October 27th. The stock was 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. 4.59% of the stock is owned by insiders.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Saturday, January 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 target price on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Finally, ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Pacific Premier Bancorp presently has an average rating of “Hold” and a consensus price target of $44.75.

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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 for Pacific Premier Bancorp (NASDAQ:PPBI)

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