Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01, Briefing.com reports. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. The company had revenue of $239.21 million during the quarter, compared to the consensus estimate of $166.98 million. During the same period last year, the firm earned $0.66 EPS.
Pacific Premier Bancorp Trading Down 2.0 %
Shares of NASDAQ:PPBI traded down $0.46 during midday trading on Thursday, hitting $22.28. 118,470 shares of the stock traded hands, compared to its average volume of 525,633. The stock has a market capitalization of $2.14 billion, a PE ratio of 73.20 and a beta of 1.21. The business’s 50 day moving average is $23.04 and its two-hundred day moving average is $24.11. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Pacific Premier Bancorp has a one year low of $17.53 and a one year high of $30.13.
Pacific Premier Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Friday, May 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 440.00%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on PPBI
Insider Activity
In other news, Director Barbara Polsky acquired 1,200 shares of the stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $23.92 per share, with a total value of $28,704.00. Following the completion of the purchase, the director now owns 14,507 shares in the company, valued at approximately $347,007.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 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.
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