FY2025 Earnings Estimate for Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Issued By DA Davidson

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities research analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of Pacific Premier Bancorp in a research report issued on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $2.20 for the year, down from their prior estimate of $2.21. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.96 per share.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of ($17.00) million during the quarter, compared to analyst estimates of $169.50 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same period last year, the company posted $0.77 EPS.

A number of other equities analysts have also issued reports on PPBI. TheStreet lowered Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Raymond James reissued an “outperform” rating and set a $29.00 price objective (up from $26.00) on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Wedbush reduced their price objective on Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, January 30th. StockNews.com raised Pacific Premier Bancorp to a “sell” rating in a research note on Wednesday, March 20th. Finally, Stephens reissued an “equal weight” rating and set a $28.00 price objective on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.60.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ PPBI opened at $22.27 on Thursday. The stock has a fifty day moving average price of $23.11 and a two-hundred day moving average price of $24.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $2.13 billion, a P/E ratio of 74.23 and a beta of 1.21. Pacific Premier Bancorp has a 1 year low of $17.53 and a 1 year high of $30.13.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.93%. Pacific Premier Bancorp’s payout ratio is currently 440.00%.

Insider Activity

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of Pacific Premier Bancorp stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the acquisition, the director now directly owns 14,507 shares of the company’s stock, valued at $347,007.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Pacific Premier Bancorp by 0.7% during the second quarter. BlackRock Inc. now owns 14,084,498 shares of the financial services provider’s stock worth $291,267,000 after acquiring an additional 98,552 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Pacific Premier Bancorp by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 11,316,980 shares of the financial services provider’s stock worth $329,437,000 after acquiring an additional 65,694 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Pacific Premier Bancorp by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,100,097 shares of the financial services provider’s stock worth $180,292,000 after acquiring an additional 60,891 shares in the last quarter. State Street Corp raised its holdings in shares of Pacific Premier Bancorp by 8.8% during the second quarter. State Street Corp now owns 5,036,409 shares of the financial services provider’s stock worth $104,153,000 after acquiring an additional 406,664 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Pacific Premier Bancorp by 5.0% during the third quarter. American Century Companies Inc. now owns 4,153,813 shares of the financial services provider’s stock worth $90,387,000 after acquiring an additional 198,874 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

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.