Q2 2018 EPS Estimates for Pacific Premier Bancorp, Inc. Boosted by Analyst (PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities researchers at DA Davidson upped their Q2 2018 earnings estimates for Pacific Premier Bancorp in a research report issued on Tuesday. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.65. DA Davidson also issued estimates for Pacific Premier Bancorp’s Q4 2018 earnings at $0.77 EPS and FY2019 earnings at $3.34 EPS.

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

A number of other analysts also recently issued reports on PPBI. Piper Jaffray Companies reissued a “buy” rating and set a $49.00 target price on shares of Pacific Premier Bancorp in a research report on Friday, October 27th. ValuEngine downgraded shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, December 27th. Finally, Stephens reissued a “hold” rating and set a $45.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Pacific Premier Bancorp has an average rating of “Hold” and a consensus price target of $46.00.

Pacific Premier Bancorp (NASDAQ PPBI) opened at $40.80 on Wednesday. Pacific Premier Bancorp has a one year low of $32.05 and a one year high of $42.55. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $1,886.80, a PE ratio of 26.32, a PEG ratio of 1.87 and a beta of 0.72.

A number of institutional investors and hedge funds have recently bought and sold shares of PPBI. BlackRock Inc. increased its position in Pacific Premier Bancorp by 103.1% during the 4th quarter. BlackRock Inc. now owns 4,970,355 shares of the financial services provider’s stock worth $198,814,000 after purchasing an additional 2,522,820 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Pacific Premier Bancorp during the 2nd quarter worth approximately $31,506,000. Vanguard Group Inc. increased its position in Pacific Premier Bancorp by 31.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,478,727 shares of the financial services provider’s stock worth $54,566,000 after purchasing an additional 354,386 shares in the last quarter. State Street Corp increased its position in Pacific Premier Bancorp by 30.5% during the 2nd quarter. State Street Corp now owns 1,187,936 shares of the financial services provider’s stock worth $43,834,000 after purchasing an additional 277,305 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Pacific Premier Bancorp by 79.7% during the 4th quarter. Bank of New York Mellon Corp now owns 597,349 shares of the financial services provider’s stock worth $23,893,000 after purchasing an additional 265,020 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

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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)

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