DA Davidson Has Bearish Estimate for PPBI FY2025 Earnings

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Stock analysts at DA Davidson decreased their FY2025 earnings per share estimates for Pacific Premier Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $1.36 per share for the year, down from their previous estimate of $1.40. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.60 per share.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to the consensus estimate of $153.23 million. During the same period last year, the business earned $0.48 EPS.

Separately, Wedbush cut their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.

Pacific Premier Bancorp Price Performance

Shares of Pacific Premier Bancorp stock opened at $25.07 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of -167.12 and a beta of 1.24. Pacific Premier Bancorp has a twelve month low of $20.52 and a twelve month high of $30.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average price is $27.10 and its 200 day moving average price is $25.17.

Pacific Premier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.32 annualized dividend and a yield of 5.27%. Pacific Premier Bancorp’s dividend payout ratio is presently -880.00%.

Insider Buying and Selling at Pacific Premier Bancorp

In other news, EVP Margaret S. Ohlhaver sold 9,273 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $27.96, for a total transaction of $259,273.08. Following the transaction, the executive vice president now owns 25,475 shares of the company’s stock, valued at approximately $712,281. This trade represents a 26.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael S. Karr sold 10,290 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total value of $276,492.30. Following the completion of the sale, the executive vice president now directly owns 79,474 shares of the company’s stock, valued at approximately $2,135,466.38. This represents a 11.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. bought a new position in Pacific Premier Bancorp during the third quarter worth $784,000. Neo Ivy Capital Management acquired a new stake in shares of Pacific Premier Bancorp during the third quarter worth $1,082,000. Geode Capital Management LLC lifted its position in shares of Pacific Premier Bancorp by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider’s stock worth $57,960,000 after buying an additional 25,964 shares during the last quarter. Barclays PLC lifted its position in shares of Pacific Premier Bancorp by 71.4% in the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock worth $5,123,000 after buying an additional 84,859 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of Pacific Premier Bancorp by 58.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,904 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 16,565 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

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.