Research Analysts Issue Forecasts for Pacific Premier Bancorp, Inc.’s FY2025 Earnings (NASDAQ:PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – DA Davidson reduced their FY2025 earnings estimates for shares of Pacific Premier Bancorp in a research report issued to clients and investors 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 previous forecast of $2.21. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.96 per share.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results 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. The company had revenue of ($17.00) million for the quarter, compared to analyst estimates of $169.50 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. During the same period in the previous year, the business posted $0.77 EPS.

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

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock opened at $21.24 on Thursday. The firm’s 50 day moving average price is $23.21 and its 200-day moving average price is $24.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. Pacific Premier Bancorp has a one year low of $17.53 and a one year high of $30.13. The firm has a market cap of $2.04 billion, a P/E ratio of 70.80 and a beta of 1.21.

Institutional Trading of Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Pacific Premier Bancorp during the 1st quarter worth $28,000. Lazard Asset Management LLC purchased a new position in Pacific Premier Bancorp during the first quarter worth about $32,000. Belpointe Asset Management LLC lifted its position in 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 buying an additional 1,005 shares during the period. GAMMA Investing LLC purchased a new position in Pacific Premier Bancorp during the fourth quarter worth about $42,000. Finally, Tower Research Capital LLC TRC lifted its position in 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 buying an additional 1,270 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Transactions at Pacific Premier Bancorp

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

Pacific Premier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend 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.