Analysts Anticipate Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to Announce $0.62 EPS

Analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to announce earnings per share of $0.62 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Pacific Premier Bancorp’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.58. Pacific Premier Bancorp posted earnings per share of $0.64 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, October 22nd.

On average, analysts expect that Pacific Premier Bancorp will report full-year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.37 to $2.53. For the next year, analysts forecast that the business will post earnings of $2.52 per share, with EPS estimates ranging from $2.29 to $2.65. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Pacific Premier Bancorp had a net margin of 26.08% and a return on equity of 8.04%. During the same quarter last year, the company posted $0.46 EPS.

Several research firms recently commented on PPBI. ValuEngine upgraded shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Stephens restated a “hold” rating and issued a $31.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Friday. Finally, BidaskClub upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.00.

In other Pacific Premier Bancorp news, Director Joseph L. Garrett purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $28.78 per share, for a total transaction of $28,780.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.67% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new position in shares of Pacific Premier Bancorp in the 1st quarter valued at $1,227,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Pacific Premier Bancorp in the 1st quarter valued at $85,000. Crossmark Global Holdings Inc. acquired a new position in shares of Pacific Premier Bancorp in the 2nd quarter valued at $219,000. Peregrine Capital Management LLC boosted its holdings in shares of Pacific Premier Bancorp by 25.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 288,602 shares of the financial services provider’s stock valued at $8,912,000 after buying an additional 58,314 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Pacific Premier Bancorp by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 70,017 shares of the financial services provider’s stock valued at $2,162,000 after buying an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Shares of PPBI stock traded up $0.57 during trading hours on Tuesday, hitting $32.47. 660,757 shares of the company were exchanged, compared to its average volume of 407,409. The firm has a market cap of $1.89 billion, a PE ratio of 12.94 and a beta of 1.26. Pacific Premier Bancorp has a 1 year low of $23.01 and a 1 year high of $32.80. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $30.98 and a 200 day moving average of $30.09.

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. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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