Q3 2024 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 lowered their Q3 2024 earnings estimates for shares of Pacific Premier Bancorp in a report issued on Thursday, October 3rd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.43. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.65 per share. DA Davidson also issued estimates for Pacific Premier Bancorp’s FY2024 earnings at $1.68 EPS and FY2025 earnings at $1.70 EPS.

Several other research firms also recently weighed in on PPBI. Stephens lifted their target price on Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Wedbush lowered their price objective on shares of Pacific Premier Bancorp from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Raymond James upped their target price on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.83.

Pacific Premier Bancorp Price Performance

PPBI stock opened at $24.59 on Friday. The business’s fifty day moving average price is $24.84 and its 200 day moving average price is $23.57. Pacific Premier Bancorp has a 12-month low of $17.86 and a 12-month high of $30.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.37 billion, a PE ratio of 189.15 and a beta of 1.22.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $154.62 million for the quarter, compared to analyst estimates of $162.23 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis.

Institutional Trading of Pacific Premier Bancorp

A number of institutional investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new stake in Pacific Premier Bancorp during the first quarter worth approximately $27,000. nVerses Capital LLC raised its stake in Pacific Premier Bancorp by 93.8% during the 2nd quarter. nVerses Capital LLC now owns 3,100 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 1,500 shares in the last quarter. Innealta Capital LLC acquired a new stake in Pacific Premier Bancorp during the 2nd quarter worth $95,000. Point72 DIFC Ltd lifted its position in Pacific Premier Bancorp by 202.9% in the second quarter. Point72 DIFC Ltd now owns 7,966 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 5,336 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Pacific Premier Bancorp in the first quarter valued at $217,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pacific Premier Bancorp

In related news, COO Edward Earl Wilcox sold 30,499 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.63, for a total value of $720,691.37. Following the sale, the chief operating officer now owns 230,592 shares of the company’s stock, valued at $5,448,888.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 30,499 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.63, for a total transaction of $720,691.37. Following the completion of the transaction, the chief operating officer now owns 230,592 shares in the company, valued at $5,448,888.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeff C. Jones sold 11,251 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $23.62, for a total transaction of $265,748.62. Following the completion of the sale, the director now owns 123,794 shares in the company, valued at $2,924,014.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Monday, August 5th. Pacific Premier Bancorp’s dividend payout ratio is presently 1,015.38%.

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.