Pacific Premier Bancorp (PPBI) Expected to Announce Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBI) will likely be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Pacific Premier Bancorp to post earnings of $0.32 per share and revenue of $143,270.00 billion for the quarter.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its 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 for the quarter, compared to the consensus estimate of $153.23 million. During the same period last year, the firm posted $0.48 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pacific Premier Bancorp Stock Performance

Shares of PPBI opened at $24.26 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -161.72 and a beta of 1.26. The company has a 50-day moving average of $26.61 and a two-hundred day moving average of $25.62. Pacific Premier Bancorp has a one year low of $20.52 and a one year high of $30.28.

Pacific Premier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Monday, November 4th. Pacific Premier Bancorp’s dividend payout ratio is -880.00%.

Insider Buying and Selling

In other news, EVP Margaret S. Ohlhaver sold 9,273 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total value of $259,273.08. Following the sale, the executive vice president now owns 25,475 shares in the company, valued at approximately $712,281. The trade was a 26.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael S. Karr sold 10,290 shares of Pacific Premier Bancorp 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 transaction, the executive vice president now directly owns 79,474 shares of the company’s stock, valued at $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 insiders.

Wall Street Analysts Forecast Growth

Separately, Wedbush dropped their target price on shares of 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 issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $26.50.

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.