Pacific Premier Bancorp (PPBI) to Release Quarterly Earnings on Wednesday

Pacific Premier Bancorp (NASDAQ:PPBI) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 EPS for the quarter, topping 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 company had revenue of ($17.00) million during the quarter, compared to analysts’ expectations of $169.50 million. During the same quarter in the previous year, the company earned $0.77 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pacific Premier Bancorp Stock Down 0.6 %

Pacific Premier Bancorp stock opened at $22.13 on Tuesday. The company’s 50 day simple moving average is $23.06 and its 200 day simple moving average is $24.10. 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 $2.12 billion, a price-to-earnings ratio of 73.77 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.96%. The ex-dividend date was Thursday, February 8th. Pacific Premier Bancorp’s payout ratio is 440.00%.

Insider Buying and Selling at Pacific Premier Bancorp

In related news, Director Barbara Polsky acquired 1,200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were purchased 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 $347,007.44. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.21% of the company’s stock.

Wall Street Analyst Weigh In

PPBI has been the topic of several recent analyst reports. Stephens reissued an “equal weight” rating and set a $28.00 price objective on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. TheStreet lowered shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Wedbush cut their price target on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. Raymond James reaffirmed an “outperform” rating and issued a $29.00 price target (up previously from $26.00) on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Finally, StockNews.com raised shares of Pacific Premier Bancorp to a “sell” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.60.

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.