Pacific Premier Bancorp (PPBI) Scheduled to Post Earnings on Wednesday

Pacific Premier Bancorp (NASDAQ:PPBI) is set to announce its earnings results before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.44 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 data on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $239.21 million for the quarter, compared to the consensus estimate of $166.98 million. During the same period in the prior year, the firm posted $0.66 earnings per share. 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 Performance

Shares of PPBI opened at $27.80 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $22.74 and a two-hundred day moving average price of $23.61. The firm has a market capitalization of $2.68 billion, a P/E ratio of 213.85 and a beta of 1.24. Pacific Premier Bancorp has a 52 week low of $17.86 and a 52 week high of $30.13.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a $0.33 dividend. The ex-dividend date was Friday, May 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.75%. Pacific Premier Bancorp’s payout ratio is presently 1,015.38%.

Insider Transactions at Pacific Premier Bancorp

In other news, CFO Lori R. Wright sold 4,668 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $23.59, for a total value of $110,118.12. Following the completion of the transaction, the chief financial officer now directly owns 31,259 shares of the company’s stock, valued at $737,399.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.21% of the company’s stock.

Wall Street Analyst Weigh In

PPBI has been the topic of a number of research analyst reports. StockNews.com upgraded Pacific Premier Bancorp to a “sell” rating in a research note on Friday, May 17th. Piper Sandler cut their target price on Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Wedbush restated a “neutral” rating and issued a $25.00 target price on shares of Pacific Premier Bancorp in a research note on Wednesday, May 22nd. Raymond James reissued an “outperform” rating and set a $25.00 price objective (down from $29.00) on shares of Pacific Premier Bancorp in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday, April 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.33.

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.