$121.43 Million in Sales Expected for Pacific Premier Bancorp, Inc. (PPBI) This Quarter

Equities analysts expect that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) will announce sales of $121.43 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pacific Premier Bancorp’s earnings, with the lowest sales estimate coming in at $120.60 million and the highest estimate coming in at $122.10 million. Pacific Premier Bancorp posted sales of $72.51 million during the same quarter last year, which would indicate a positive year over year growth rate of 67.5%. The business is scheduled to issue its next earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year sales of $424.33 million for the current fiscal year, with estimates ranging from $422.50 million to $426.20 million. For the next financial year, analysts forecast that the firm will post sales of $529.13 million per share, with estimates ranging from $516.10 million to $537.60 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). Pacific Premier Bancorp had a net margin of 24.60% and a return on equity of 8.61%. The firm had revenue of $89.32 million for the quarter, compared to the consensus estimate of $92.28 million. During the same period last year, the company posted $0.35 earnings per share.

A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. ValuEngine raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Stephens reissued a “hold” rating and issued a $43.00 price target on shares of Pacific Premier Bancorp in a research note on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Pacific Premier Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $48.00.

PPBI stock traded down $0.80 during trading on Friday, reaching $38.80. The company had a trading volume of 6,274 shares, compared to its average volume of 275,595. Pacific Premier Bancorp has a 52 week low of $32.05 and a 52 week high of $46.05. The company has a market cap of $2.47 billion, a P/E ratio of 22.51, a PEG ratio of 1.94 and a beta of 0.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.00.

Hedge funds have recently added to or reduced their stakes in the stock. Sciencast Management LP bought a new position in Pacific Premier Bancorp in the first quarter worth about $202,000. Cambridge Investment Research Advisors Inc. bought a new position in Pacific Premier Bancorp in the second quarter worth about $203,000. Quadrature Capital Ltd purchased a new stake in Pacific Premier Bancorp in the first quarter worth about $204,000. OppenheimerFunds Inc. purchased a new stake in Pacific Premier Bancorp in the second quarter worth about $209,000. Finally, Envestnet Asset Management Inc. grew its holdings in Pacific Premier Bancorp by 132.2% in the first quarter. Envestnet Asset Management Inc. now owns 6,122 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 3,485 shares during the period. 74.55% of the stock is owned by institutional investors.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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Earnings History and Estimates for Pacific Premier Bancorp (NASDAQ:PPBI)

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