Pacific Premier Bancorp (PPBI) Projected to Post Quarterly Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBI) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Pacific Premier Bancorp to post earnings of $0.32 per share and revenue of $143,270.00 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $224.49 million for the quarter, compared to analyst estimates of $153.23 million. During the same period in the prior year, the company posted $0.48 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pacific Premier Bancorp Stock Up 1.7 %

NASDAQ PPBI opened at $24.58 on Tuesday. Pacific Premier Bancorp has a fifty-two week low of $20.52 and a fifty-two week high of $30.28. The business has a fifty day moving average price of $26.29 and a two-hundred day moving average price of $25.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $2.37 billion, a PE ratio of -163.86 and a beta of 1.26.

Insider Activity at Pacific Premier Bancorp

In related news, EVP Margaret S. Ohlhaver sold 9,273 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total value of $259,273.08. Following the sale, the executive vice president now owns 25,475 shares of the company’s stock, valued at $712,281. The trade was a 26.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael S. Karr sold 10,290 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 79,474 shares in the company, valued at $2,135,466.38. The trade was a 11.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Wedbush reduced their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.50.

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.