Q3 2018 Earnings Forecast for Pacific Premier Bancorp, Inc. (PPBI) Issued By DA Davidson

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Investment analysts at DA Davidson raised their Q3 2018 EPS estimates for Pacific Premier Bancorp in a report issued on Tuesday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $0.72 for the quarter, up from their prior estimate of $0.68. DA Davidson also issued estimates for Pacific Premier Bancorp’s FY2018 earnings at $2.79 EPS.

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

A number of other research firms have also recently commented on PPBI. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday. Piper Jaffray Companies reissued a “buy” rating and set a $49.00 target price on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Stephens reissued a “hold” rating and set a $45.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. Finally, ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.40.

Pacific Premier Bancorp (NASDAQ:PPBI) traded up $0.95 during mid-day trading on Thursday, hitting $41.75. 211,600 shares of the stock were exchanged, compared to its average volume of 366,358. The stock has a market capitalization of $1,886.97, a PE ratio of 26.94, a P/E/G ratio of 1.87 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. Pacific Premier Bancorp has a twelve month low of $32.05 and a twelve month high of $42.55.

A number of hedge funds and other institutional investors have recently made changes to their positions in PPBI. BlackRock Inc. grew its stake 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 valued at $198,814,000 after acquiring an additional 2,522,820 shares in the last quarter. Earnest Partners LLC purchased a new stake in Pacific Premier Bancorp during the 4th quarter valued at about $65,490,000. Millennium Management LLC grew its stake in Pacific Premier Bancorp by 120.4% during the 4th quarter. Millennium Management LLC now owns 938,321 shares of the financial services provider’s stock valued at $37,533,000 after acquiring an additional 512,542 shares in the last quarter. Vanguard Group Inc. grew its stake 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 valued at $54,566,000 after acquiring an additional 354,386 shares in the last quarter. Finally, State Street Corp grew its stake 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 valued at $43,834,000 after acquiring an additional 277,305 shares in the last quarter. 71.15% of the stock is owned by 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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