Equities analysts forecast that Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) will announce $116.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pacific Premier Bancorp’s earnings, with the lowest sales estimate coming in at $113.40 million and the highest estimate coming in at $118.60 million. Pacific Premier Bancorp reported sales of $124.52 million during the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The business is expected to announce its next earnings report on Tuesday, February 4th.
On average, analysts expect that Pacific Premier Bancorp will report full year sales of $471.13 million for the current financial year, with estimates ranging from $463.40 million to $478.50 million. For the next financial year, analysts anticipate that the business will report sales of $472.40 million, with estimates ranging from $467.90 million to $475.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. Pacific Premier Bancorp had a return on equity of 8.07% and a net margin of 28.03%. The company had revenue of $123.77 million for the quarter, compared to analysts’ expectations of $117.66 million. During the same quarter last year, the business earned $0.46 earnings per share.
PPBI stock opened at $31.91 on Friday. The company’s 50-day moving average price is $32.88 and its two-hundred day moving average price is $30.85. The firm has a market cap of $1.90 billion, a P/E ratio of 12.71 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. Pacific Premier Bancorp has a 12 month low of $23.01 and a 12 month high of $34.90.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.76%. Pacific Premier Bancorp’s dividend payout ratio is currently 35.06%.
In related news, COO Edward Earl Wilcox sold 13,969 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $33.85, for a total value of $472,850.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven R. Gardner sold 18,167 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $32.04, for a total value of $582,070.68. The disclosure for this sale can be found here. Insiders have sold 87,309 shares of company stock worth $2,879,400 over the last three months. Insiders own 3.67% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Pacific Premier Bancorp in the third quarter worth about $29,000. Flinton Capital Management LLC grew its holdings in Pacific Premier Bancorp by 38.8% in the second quarter. Flinton Capital Management LLC now owns 1,488 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 416 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Pacific Premier Bancorp during the second quarter valued at approximately $57,000. Meadow Creek Investment Management LLC lifted its holdings in shares of Pacific Premier Bancorp by 38.8% during the second quarter. Meadow Creek Investment Management LLC now owns 2,046 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 572 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Pacific Premier Bancorp by 35.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,300 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.
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. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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