FY2025 EPS Estimates for Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Decreased by DA Davidson

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

Other research analysts have also recently issued reports about the company. TheStreet cut 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 set a $28.00 price target 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 report on Wednesday, March 20th. Wedbush reduced their price target on Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th. Finally, Raymond James reiterated an “outperform” rating and set a $29.00 price target (up from $26.00) on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.60.

Pacific Premier Bancorp Trading Up 4.5 %

Pacific Premier Bancorp stock opened at $22.27 on Thursday. The stock has a 50-day moving average price of $23.11 and a 200 day moving average price of $24.05. 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 company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 74.23 and a beta of 1.21. Pacific Premier Bancorp has a 52 week low of $17.53 and a 52 week high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Monday, January 29th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. The firm had revenue of ($17.00) million during the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the previous year, the company posted $0.77 earnings per share.

Institutional Trading of Pacific Premier Bancorp

Several large investors have recently made changes to their positions in PPBI. Quarry LP purchased a new stake in shares of Pacific Premier Bancorp during the first quarter worth approximately $28,000. Lazard Asset Management LLC purchased a new stake in shares of Pacific Premier Bancorp during the first quarter worth approximately $32,000. Belpointe Asset Management LLC increased its position in shares of Pacific Premier Bancorp by 279.2% during the first quarter. Belpointe Asset Management LLC now owns 1,365 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,005 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Pacific Premier Bancorp by 69.6% during the third quarter. Tower Research Capital LLC TRC now owns 3,094 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 1,270 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Pacific Premier Bancorp news, Director Barbara Polsky acquired 1,200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now directly owns 14,507 shares of the company’s stock, valued at $347,007.44. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date was Thursday, February 8th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 440.00%.

About Pacific Premier Bancorp

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.