Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Stock analysts at FIG Partners decreased their Q2 2018 earnings per share estimates for shares of Pacific Premier Bancorp in a research note issued to investors on Tuesday, June 26th. FIG Partners analyst T. Coffey now expects that the financial services provider will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.68. FIG Partners also issued estimates for Pacific Premier Bancorp’s Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.74 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $3.21 EPS.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, May 1st. The financial services provider reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.57% and a net margin of 22.48%. The business had revenue of $88.95 million for the quarter, compared to the consensus estimate of $89.10 million. During the same period in the prior year, the business posted $0.34 earnings per share.
Several other research analysts have also recently commented on PPBI. ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. BidaskClub cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Finally, Zacks Investment Research cut shares of Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Pacific Premier Bancorp has a consensus rating of “Hold” and a consensus price target of $47.00.
Shares of Pacific Premier Bancorp opened at $38.70 on Thursday, according to MarketBeat Ratings. Pacific Premier Bancorp has a 12 month low of $32.05 and a 12 month high of $46.05. The company has a market cap of $1.84 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.
Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. increased its holdings in shares of Pacific Premier Bancorp by 2.8% during the first quarter. Prudential Financial Inc. now owns 66,356 shares of the financial services provider’s stock worth $2,668,000 after purchasing an additional 1,810 shares during the period. Swiss National Bank increased its stake in Pacific Premier Bancorp by 19.3% in the fourth quarter. Swiss National Bank now owns 69,774 shares of the financial services provider’s stock valued at $2,791,000 after acquiring an additional 11,300 shares during the last quarter. Next Century Growth Investors LLC increased its stake in Pacific Premier Bancorp by 141.4% in the fourth quarter. Next Century Growth Investors LLC now owns 192,819 shares of the financial services provider’s stock valued at $7,712,000 after acquiring an additional 112,954 shares during the last quarter. Deutsche Bank AG increased its stake in Pacific Premier Bancorp by 24.4% in the fourth quarter. Deutsche Bank AG now owns 283,448 shares of the financial services provider’s stock valued at $11,335,000 after acquiring an additional 55,570 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors bought a new position in Pacific Premier Bancorp in the fourth quarter valued at approximately $520,000. 85.47% of the stock is currently owned by institutional investors.
In other news, Chairman Steven R. Gardner sold 37,438 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $41.43, for a total transaction of $1,551,056.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.59% of the stock is currently owned by company insiders.
About Pacific Premier Bancorp
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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.
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