FIG Partners Comments on Pacific Premier Bancorp, Inc.’s Q1 2018 Earnings (PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – FIG Partners issued their Q1 2018 earnings per share (EPS) estimates for Pacific Premier Bancorp in a report issued on Wednesday. FIG Partners analyst T. Coffey expects that the financial services provider will post earnings of $0.61 per share for the quarter. FIG Partners also issued estimates for Pacific Premier Bancorp’s Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.79 EPS and Q4 2019 earnings at $0.80 EPS.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $87.62 million during the quarter, compared to analyst estimates of $83.30 million. Pacific Premier Bancorp had a return on equity of 8.65% and a net margin of 19.96%. During the same period last year, the company posted $0.43 EPS.

Several other research firms have also weighed in on PPBI. Piper Jaffray Companies reissued a “buy” rating and set a $49.00 price objective on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Zacks Investment Research upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, December 27th. Stephens restated a “hold” rating and issued a $45.00 target price on shares of Pacific Premier Bancorp in a report on Tuesday. Finally, ValuEngine lowered Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Pacific Premier Bancorp presently has an average rating of “Hold” and an average price target of $44.80.

Shares of Pacific Premier Bancorp (NASDAQ:PPBI) opened at $38.15 on Friday. The firm has a market capitalization of $1,842.86, a price-to-earnings ratio of 19.63, a PEG ratio of 1.82 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. Pacific Premier Bancorp has a one year low of $32.05 and a one year high of $42.55.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in shares of Pacific Premier Bancorp by 664.8% in the second quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,646 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Pacific Premier Bancorp by 52.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,177 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth $130,000. Quantbot Technologies LP raised its holdings in shares of Pacific Premier Bancorp by 266.5% during the third quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 3,041 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Pacific Premier Bancorp during the third quarter worth $196,000. Institutional investors own 71.49% of the company’s stock.

In other Pacific Premier Bancorp news, CFO Ronald J. Jr. Nicolas bought 2,500 shares of Pacific Premier Bancorp stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $36.97 per share, for a total transaction of $92,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.59% of the stock is owned by corporate insiders.

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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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