Equities analysts predict that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) will announce $121.98 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Pacific Premier Bancorp’s earnings, with the lowest sales estimate coming in at $120.80 million and the highest estimate coming in at $122.90 million. Pacific Premier Bancorp reported sales of $87.62 million in the same quarter last year, which indicates a positive year over year growth rate of 39.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, January 29th.
On average, analysts expect that Pacific Premier Bancorp will report full year sales of $420.20 million for the current financial year, with estimates ranging from $419.00 million to $421.50 million. For the next year, analysts forecast that the firm will report sales of $515.40 million, with estimates ranging from $512.30 million to $519.30 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.54% and a net margin of 23.18%. The business had revenue of $120.26 million for the quarter, compared to analyst estimates of $121.43 million. During the same quarter in the previous year, the firm posted $0.50 EPS.
In other news, CFO Ronald J. Jr. Nicolas purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were acquired at an average price of $29.39 per share, for a total transaction of $29,390.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Don M. Griffith sold 19,245 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $40.02, for a total value of $770,184.90. The disclosure for this sale can be found here. Corporate insiders own 4.12% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in Pacific Premier Bancorp by 123.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,674,522 shares of the financial services provider’s stock valued at $140,183,000 after buying an additional 2,031,417 shares in the last quarter. Vanguard Group Inc. lifted its stake in Pacific Premier Bancorp by 60.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,271,251 shares of the financial services provider’s stock valued at $196,091,000 after buying an additional 1,980,341 shares in the last quarter. Morgan Stanley lifted its stake in Pacific Premier Bancorp by 716.1% in the 2nd quarter. Morgan Stanley now owns 976,124 shares of the financial services provider’s stock valued at $37,239,000 after buying an additional 856,515 shares in the last quarter. BlackRock Inc. lifted its stake in Pacific Premier Bancorp by 16.7% in the 2nd quarter. BlackRock Inc. now owns 5,929,600 shares of the financial services provider’s stock valued at $226,215,000 after buying an additional 849,764 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in Pacific Premier Bancorp by 106.9% in the 3rd quarter. Brown Advisory Inc. now owns 990,083 shares of the financial services provider’s stock valued at $36,831,000 after buying an additional 511,440 shares in the last quarter. Institutional investors and hedge funds own 79.28% of the company’s stock.
NASDAQ PPBI traded down $2.56 on Friday, hitting $28.74. 348,230 shares of the company’s stock were exchanged, compared to its average volume of 254,736. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. Pacific Premier Bancorp has a fifty-two week low of $26.70 and a fifty-two week high of $46.05. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.60 and a beta of 1.02.
About Pacific Premier Bancorp
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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