$0.85 Earnings Per Share Expected for Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) This Quarter

Wall Street analysts predict that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) will report $0.85 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Pacific Premier Bancorp’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.92. Pacific Premier Bancorp posted earnings of $0.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 19.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, January 20th.

According to Zacks, analysts expect that Pacific Premier Bancorp will report full year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.58. For the next financial year, analysts forecast that the company will report earnings of $3.04 per share, with EPS estimates ranging from $2.93 to $3.21. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Wednesday, October 20th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.13. The business had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $189.20 million. Pacific Premier Bancorp had a net margin of 40.06% and a return on equity of 11.61%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 8th. Raymond James lowered shares of Pacific Premier Bancorp from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $45.00 to $47.00 in a research note on Thursday, October 7th. They noted that the move was a valuation call.

Pacific Premier Bancorp stock opened at $44.27 on Friday. Pacific Premier Bancorp has a 1-year low of $32.70 and a 1-year high of $47.46. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 13.06 and a beta of 1.28. The firm’s fifty day moving average price is $40.91 and its two-hundred day moving average price is $40.54. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

The company also recently declared a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Monday, November 1st were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, October 29th. Pacific Premier Bancorp’s payout ratio is currently 38.94%.

In related news, Director Joseph L. Garrett sold 780 shares of the firm’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $44.10, for a total transaction of $34,398.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeff C. Jones sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $43.75, for a total transaction of $273,350.00. The disclosure for this sale can be found here. Insiders have sold 8,518 shares of company stock worth $371,654 over the last three months. 2.04% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Pacific Premier Bancorp in the first quarter worth about $85,000. Rafferty Asset Management LLC increased its stake in shares of Pacific Premier Bancorp by 1.1% in the second quarter. Rafferty Asset Management LLC now owns 60,172 shares of the financial services provider’s stock worth $2,545,000 after purchasing an additional 632 shares in the last quarter. Citigroup Inc. increased its stake in shares of Pacific Premier Bancorp by 37.1% in the second quarter. Citigroup Inc. now owns 95,938 shares of the financial services provider’s stock worth $4,057,000 after purchasing an additional 25,970 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Pacific Premier Bancorp by 8.2% in the second quarter. Principal Financial Group Inc. now owns 794,544 shares of the financial services provider’s stock worth $33,601,000 after purchasing an additional 59,876 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in shares of Pacific Premier Bancorp in the second quarter worth about $162,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc is a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment.

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