Pacific Premier Bancorp Inc (NASDAQ:PPBI) – Analysts at DA Davidson issued their Q1 2018 earnings per share estimates for shares of Pacific Premier Bancorp in a report issued on Tuesday, according to Zacks Investment Research. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.55 per share for the quarter. DA Davidson also issued estimates for Pacific Premier Bancorp’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.62 EPS and Q4 2018 earnings at $0.64 EPS.
PPBI has been the subject of several other reports. ValuEngine downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub upgraded Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Stephens downgraded Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Finally, Piper Jaffray Companies set a $43.00 price target on Pacific Premier Bancorp and gave the stock a “buy” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Pacific Premier Bancorp has a consensus rating of “Hold” and an average price target of $45.00.
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Shares of Pacific Premier Bancorp (NASDAQ:PPBI) traded down $0.25 during trading on Thursday, hitting $37.05. The stock had a trading volume of 459,700 shares, compared to its average volume of 769,652. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1,712.45, a P/E ratio of 19.40, a PEG ratio of 2.86 and a beta of 0.86. Pacific Premier Bancorp has a 12 month low of $28.75 and a 12 month high of $42.55.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $72.51 million during the quarter, compared to the consensus estimate of $72.23 million. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. During the same period last year, the firm earned $0.33 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 207 shares during the last quarter. First Mercantile Trust Co. bought a new position in Pacific Premier Bancorp in the second quarter worth about $113,000. Citigroup Inc. lifted its holdings in Pacific Premier Bancorp by 664.8% in the second quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 2,646 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Pacific Premier Bancorp by 52.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,177 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new position in Pacific Premier Bancorp in the second quarter worth about $133,000. 83.98% of the stock is currently owned by hedge funds and other institutional investors.
In other Pacific Premier Bancorp news, Chairman Steven R. Gardner sold 12,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $41.02, for a total value of $512,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Simone Lagomarsino sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $36.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. Insiders sold 100,416 shares of company stock valued at $3,531,960 over the last quarter. Insiders own 4.59% of the company’s stock.
About Pacific Premier Bancorp
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.
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