Pacific Premier Bancorp Inc (NASDAQ:PPBI) – Analysts at DA Davidson issued their Q1 2018 earnings per share estimates for Pacific Premier Bancorp in a research report issued on Tuesday, according to Zacks Investment Research. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $0.55 for the quarter. DA Davidson also issued estimates for Pacific Premier Bancorp’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.62 EPS and Q4 2018 earnings at $0.64 EPS.
Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. The firm had revenue of $72.51 million during the quarter, compared to analyst estimates of $72.23 million. During the same quarter last year, the business posted $0.33 earnings per share.
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Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $49.00 price objective on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Stephens downgraded shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Finally, BidaskClub raised shares of Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.00.
Pacific Premier Bancorp (NASDAQ:PPBI) opened at $37.05 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $1,723.99, a PE ratio of 19.53, a P/E/G ratio of 2.88 and a beta of 0.86. Pacific Premier Bancorp has a 1-year low of $28.75 and a 1-year high of $42.55.
Hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund increased its holdings in Pacific Premier Bancorp by 95.8% during the second quarter. New York State Common Retirement Fund now owns 73,638 shares of the financial services provider’s stock valued at $2,717,000 after buying an additional 36,033 shares during the period. State Street Corp lifted its position in Pacific Premier Bancorp by 54.6% during the first quarter. State Street Corp now owns 910,631 shares of the financial services provider’s stock valued at $35,104,000 after purchasing an additional 321,765 shares during the period. Janus Henderson Group PLC acquired a new position in Pacific Premier Bancorp during the second quarter valued at $31,506,000. TD Asset Management Inc. acquired a new position in Pacific Premier Bancorp during the second quarter valued at $601,000. Finally, CNH Partners LLC acquired a new position in Pacific Premier Bancorp during the second quarter valued at $1,384,000. 83.98% of the stock is currently owned by institutional investors.
In related news, Director Simone Lagomarsino sold 6,250 shares of Pacific Premier Bancorp stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $36.00, for a total transaction of $225,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Zareh Hovik Sarrafian acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $32.65 per share, for a total transaction of $48,975.00. The disclosure for this purchase can be found here. Insiders have sold 100,416 shares of company stock valued at $3,531,960 in the last ninety days. Insiders own 4.59% of the company’s stock.
About Pacific Premier Bancorp
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.
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