FY2025 Earnings Estimate for Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Issued By DA Davidson

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities researchers at DA Davidson lowered their FY2025 earnings estimates for Pacific Premier Bancorp in a research note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.20 per share for the year, down from their previous forecast of $2.21. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.96 per share.

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

Pacific Premier Bancorp Trading Up 0.3 %

Shares of NASDAQ PPBI opened at $21.31 on Thursday. The company’s 50 day simple moving average is $23.16 and its 200 day simple moving average is $24.05. Pacific Premier Bancorp has a fifty-two week low of $17.53 and a fifty-two week high of $30.13. The firm has a market capitalization of $2.04 billion, a P/E ratio of 71.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. The business had revenue of ($17.00) million for the quarter, compared to analyst estimates of $169.50 million. During the same period in the prior year, the business posted $0.77 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Pacific Premier Bancorp in the first quarter valued at $28,000. Lazard Asset Management LLC bought a new position in Pacific Premier Bancorp in the first quarter valued at $32,000. Belpointe Asset Management LLC grew its position in Pacific Premier Bancorp by 279.2% in the first quarter. Belpointe Asset Management LLC now owns 1,365 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,005 shares in the last quarter. GAMMA Investing LLC bought a new position in Pacific Premier Bancorp in the fourth quarter valued at $42,000. Finally, Tower Research Capital LLC TRC grew its position in Pacific Premier Bancorp by 69.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,094 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 1,270 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling

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

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.19%. Pacific Premier Bancorp’s payout ratio is 440.00%.

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.