Pacific Premier Bancorp, Inc. to Post Q2 2024 Earnings of $0.43 Per Share, DA Davidson Forecasts (NASDAQ:PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share estimates for Pacific Premier Bancorp in a research note issued on Thursday, April 25th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.43 per share for the quarter. DA Davidson currently has a “Buy” rating and a $27.00 target price on the stock. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.93 per share. DA Davidson also issued estimates for Pacific Premier Bancorp’s FY2025 earnings at $2.03 EPS.

Other research analysts also recently issued reports about the company. Stephens reissued an “equal weight” rating and issued a $28.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. TheStreet downgraded Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Wedbush reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Pacific Premier Bancorp in a research note on Thursday. Keefe, Bruyette & Woods lowered their price target on Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday. Finally, StockNews.com upgraded Pacific Premier Bancorp to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Pacific Premier Bancorp presently has a consensus rating of “Hold” and a consensus price target of $27.17.

Pacific Premier Bancorp Trading Down 2.6 %

Pacific Premier Bancorp stock opened at $22.16 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. Pacific Premier Bancorp has a 52 week low of $17.53 and a 52 week high of $30.13. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 170.47 and a beta of 1.21. The stock has a 50-day moving average price of $23.02 and a 200 day moving average price of $24.10.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Pacific Premier Bancorp had a return on equity of 6.92% and a net margin of 24.75%. The business had revenue of $239.21 million for the quarter, compared to analyst estimates of $166.98 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share.

Pacific Premier Bancorp Announces Dividend

The business 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 $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, May 3rd. Pacific Premier Bancorp’s payout ratio is presently 1,015.46%.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $23.92 per share, with a total value of $28,704.00. Following the transaction, the director now owns 14,507 shares of the company’s stock, valued at $347,007.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of Pacific Premier Bancorp by 63.8% in the 3rd quarter. SG Americas Securities LLC now owns 91,038 shares of the financial services provider’s stock valued at $1,981,000 after purchasing an additional 35,454 shares during the last quarter. Brown Advisory Inc. increased its stake in Pacific Premier Bancorp by 4.0% during the third quarter. Brown Advisory Inc. now owns 1,709,458 shares of the financial services provider’s stock worth $37,198,000 after acquiring an additional 66,113 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. increased its stake in Pacific Premier Bancorp by 19.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 59,657 shares of the financial services provider’s stock worth $1,298,000 after acquiring an additional 9,566 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Pacific Premier Bancorp by 7.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock worth $324,000 after buying an additional 1,052 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of Pacific Premier Bancorp in the third quarter worth about $6,091,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

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.