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

Pacific Premier Bancorp (NASDAQ:PPBI) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of ($17.00) million for the quarter, compared to analyst estimates of $169.50 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same quarter last year, the company posted $0.77 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI opened at $21.27 on Wednesday. Pacific Premier Bancorp has a twelve month low of $17.53 and a twelve month high of $30.13. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $23.27 and its 200 day simple moving average is $24.09. The firm has a market capitalization of $2.04 billion, a PE ratio of 70.90 and a beta of 1.21.

Pacific Premier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were issued a $0.33 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.21%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is currently 440.00%.

Insider Buying and Selling

In related news, Director Barbara Polsky acquired 1,200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average cost of $23.92 per share, with a total value of $28,704.00. Following the completion of the purchase, the director now directly owns 14,507 shares in the company, valued at $347,007.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pacific Premier Bancorp

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Pacific Premier Bancorp by 0.7% during the second quarter. BlackRock Inc. now owns 14,084,498 shares of the financial services provider’s stock worth $291,267,000 after purchasing an additional 98,552 shares during the period. Vanguard Group Inc. grew its holdings in shares of Pacific Premier Bancorp by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 11,316,980 shares of the financial services provider’s stock valued at $329,437,000 after acquiring an additional 65,694 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pacific Premier Bancorp by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,100,097 shares of the financial services provider’s stock worth $180,292,000 after acquiring an additional 60,891 shares in the last quarter. State Street Corp boosted its holdings in shares of Pacific Premier Bancorp by 8.8% during the second quarter. State Street Corp now owns 5,036,409 shares of the financial services provider’s stock worth $104,153,000 after purchasing an additional 406,664 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Pacific Premier Bancorp by 2.1% during the first quarter. Macquarie Group Ltd. now owns 2,039,619 shares of the financial services provider’s stock worth $48,992,000 after acquiring an additional 41,739 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Raymond James reiterated an “outperform” rating and set a $29.00 price objective (up from $26.00) on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. StockNews.com upgraded Pacific Premier Bancorp to a “sell” rating in a research note on Wednesday, March 20th. TheStreet lowered Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Stephens reiterated an “equal weight” rating and issued a $28.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Finally, Wedbush reduced their price target on Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $28.60.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.