Pacific Premier Bancorp Inc. (NASDAQ:PPBI) will release its Q316 earnings data on Wednesday, October 19th. Analysts expect Pacific Premier Bancorp to post earnings of $0.42 per share and revenue of $6.23 million for the quarter.
Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. Pacific Premier Bancorp had a return on equity of 10.45% and a net margin of 22.05%. On average, analysts expect Pacific Premier Bancorp to post $1.58 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.
Shares of Pacific Premier Bancorp Inc. (NASDAQ:PPBI) opened at 26.60 on Monday. The firm has a market cap of $735.65 million, a PE ratio of 18.69 and a beta of 0.62. The stock’s 50 day moving average is $26.90 and its 200-day moving average is $24.66. Pacific Premier Bancorp Inc. has a 1-year low of $18.32 and a 1-year high of $28.35.
Several research firms have recently issued reports on PPBI. FBR & Co lowered shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 target price for the company. in a research note on Tuesday, October 11th. FIG Partners lowered shares of Pacific Premier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.25.
Institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. bought a new position in Pacific Premier Bancorp during the second quarter valued at $103,000. US Bancorp DE raised its position in Pacific Premier Bancorp by 6.4% in the second quarter. US Bancorp DE now owns 5,331 shares of the financial services provider’s stock valued at $128,000 after buying an additional 320 shares during the last quarter. BlackRock Inc. raised its position in Pacific Premier Bancorp by 202.5% in the second quarter. BlackRock Inc. now owns 6,642 shares of the financial services provider’s stock valued at $159,000 after buying an additional 4,446 shares during the last quarter. BlackRock Advisors LLC increased its stake in Pacific Premier Bancorp by 5.6% in the second quarter. BlackRock Advisors LLC now owns 12,634 shares of the financial services provider’s stock valued at $303,000 after buying an additional 672 shares during the period. Finally, American International Group Inc. increased its stake in Pacific Premier Bancorp by 21.1% in the second quarter. American International Group Inc. now owns 15,661 shares of the financial services provider’s stock valued at $376,000 after buying an additional 2,733 shares during the period. Institutional investors own 71.78% of the company’s stock.
Pacific Premier Bancorp Company Profile
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 Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services, including checking, money market and savings accounts, cash management services, electronic banking services and online bill payment.
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