Analysts Set Expectations for Pacific Premier Bancorp, Inc.’s Q1 2018 Earnings (PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Investment analysts at DA Davidson boosted their Q1 2018 EPS estimates for shares of Pacific Premier Bancorp in a research note issued to investors on Tuesday. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $0.62 per share for the quarter, up from their previous estimate of $0.55. DA Davidson also issued estimates for Pacific Premier Bancorp’s Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.66 EPS and FY2019 earnings at $3.09 EPS.

Several other research analysts have also issued reports on PPBI. ValuEngine lowered shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reissued a “buy” rating and set a $49.00 target price on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.75.

Shares of Pacific Premier Bancorp (NASDAQ:PPBI) opened at $41.80 on Thursday. The firm has a market cap of $1,901.94, a price-to-earnings ratio of 26.97, a PEG ratio of 1.98 and a beta of 0.82. Pacific Premier Bancorp has a 12-month low of $32.05 and a 12-month high of $42.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.05.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. The company had revenue of $87.62 million during the quarter, compared to analysts’ expectations of $83.30 million. During the same period in the prior year, the company posted $0.43 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of Pacific Premier Bancorp by 28.2% in the fourth quarter. Victory Capital Management Inc. now owns 733,782 shares of the financial services provider’s stock valued at $29,351,000 after buying an additional 161,475 shares in the last quarter. Miles Capital Inc. bought a new position in shares of Pacific Premier Bancorp in the fourth quarter valued at $242,000. Texas Permanent School Fund bought a new position in shares of Pacific Premier Bancorp in the fourth quarter valued at $1,049,000. State of Alaska Department of Revenue bought a new position in shares of Pacific Premier Bancorp in the fourth quarter valued at $309,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Pacific Premier Bancorp by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,263 shares of the financial services provider’s stock valued at $7,371,000 after buying an additional 6,033 shares in the last quarter. 71.87% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Ronald J. Jr. Nicolas bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $36.97 per share, with a total value of $92,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.59% of the stock is owned by corporate insiders.

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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.

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

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