Pacific Premier Bancorp (PPBI) Expected to Announce Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBI) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Pacific Premier Bancorp to post earnings of $0.32 per share and revenue of $143,270.00 billion for the quarter.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $224.49 million for the quarter, compared to the consensus estimate of $153.23 million. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pacific Premier Bancorp Price Performance

PPBI stock opened at $24.26 on Thursday. Pacific Premier Bancorp has a 1 year low of $20.52 and a 1 year high of $30.28. The company has a market cap of $2.34 billion, a P/E ratio of -161.72 and a beta of 1.26. The firm has a 50-day moving average of $26.61 and a 200 day moving average of $25.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp’s payout ratio is currently -880.00%.

Analyst Ratings Changes

Separately, Wedbush decreased their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.50.

Insider Buying and Selling at Pacific Premier Bancorp

In related news, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total transaction of $276,492.30. Following the completion of the sale, the executive vice president now owns 79,474 shares of the company’s stock, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margaret S. Ohlhaver sold 9,273 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total transaction of $259,273.08. Following the sale, the executive vice president now directly owns 25,475 shares of the company’s stock, valued at $712,281. This trade represents a 26.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

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.