Zacks: Brokerages Expect Pacific Premier Bancorp, Inc. (PPBI) Will Announce Quarterly Sales of $89.10 Million

Analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to post sales of $89.10 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Pacific Premier Bancorp’s earnings. The lowest sales estimate is $88.60 million and the highest is $89.80 million. Pacific Premier Bancorp reported sales of $46.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 92.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Pacific Premier Bancorp will report full year sales of $89.10 million for the current year, with estimates ranging from $373.70 million to $376.70 million. For the next financial year, analysts forecast that the firm will report sales of $414.07 million per share, with estimates ranging from $405.80 million to $422.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $87.62 million for the quarter, compared to analysts’ expectations of $83.30 million. During the same period in the prior year, the company posted $0.43 EPS.

Several analysts have issued reports on PPBI shares. Zacks Investment Research cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. 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, Stephens reiterated a “hold” rating and issued a $45.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. One 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.

Shares of Pacific Premier Bancorp (PPBI) opened at $41.75 on Thursday. Pacific Premier Bancorp has a 52 week low of $32.05 and a 52 week high of $42.55. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1,886.80, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.72.

Several institutional investors have recently bought and sold shares of PPBI. Citigroup Inc. raised its position in shares of Pacific Premier Bancorp by 664.8% during the 2nd quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,646 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Pacific Premier Bancorp by 52.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock valued at $127,000 after buying 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 4th quarter valued at $130,000. Quantbot Technologies LP raised its position in shares of Pacific Premier Bancorp by 266.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after buying an additional 3,041 shares in the last quarter. Finally, Strs Ohio purchased a new position in Pacific Premier Bancorp in the 3rd quarter worth $196,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

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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.

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

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