What is DA Davidson’s Forecast for PPBI FY2025 Earnings?

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Research analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for Pacific Premier Bancorp in a research note issued to investors on Monday, January 27th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $1.57 per share for the year, up from their prior forecast of $1.36. DA Davidson currently has a “Buy” rating and a $30.00 target price on the stock. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.59 per share.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03.

Separately, Wedbush decreased their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.00.

Pacific Premier Bancorp Price Performance

NASDAQ:PPBI opened at $25.98 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.51 billion, a P/E ratio of -173.19 and a beta of 1.26. Pacific Premier Bancorp has a 12 month low of $20.52 and a 12 month high of $30.28. The business’s 50-day moving average is $25.89 and its 200 day moving average is $25.76.

Institutional Trading of Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in PPBI. Marshall Wace LLP purchased a new stake in shares of Pacific Premier Bancorp during the 2nd quarter valued at $1,762,000. Cubist Systematic Strategies LLC raised its stake in Pacific Premier Bancorp by 0.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 75,842 shares of the financial services provider’s stock worth $1,742,000 after acquiring an additional 631 shares during the last quarter. Millennium Management LLC raised its stake in Pacific Premier Bancorp by 14.2% in the 2nd quarter. Millennium Management LLC now owns 150,763 shares of the financial services provider’s stock worth $3,463,000 after acquiring an additional 18,779 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Pacific Premier Bancorp by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 53,831 shares of the financial services provider’s stock worth $1,236,000 after acquiring an additional 2,908 shares during the last quarter. Finally, Algert Global LLC raised its stake in Pacific Premier Bancorp by 28.9% in the 2nd quarter. Algert Global LLC now owns 192,259 shares of the financial services provider’s stock worth $4,416,000 after acquiring an additional 43,091 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total transaction of $259,273.08. Following the sale, the executive vice president now owns 25,475 shares of the company’s stock, valued at approximately $712,281. This trade represents a 26.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total value of $276,492.30. Following the sale, the executive vice president now directly owns 79,474 shares in the company, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is owned by insiders.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be paid a $0.33 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 5.08%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is currently -879.94%.

About Pacific Premier Bancorp

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.