What is DA Davidson's Estimate for PPBI FY2025 Earnings?

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) - Investment analysts at DA Davidson lowered their FY2025 EPS estimates for Pacific Premier Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $1.36 per share for the year, down from their previous forecast of $1.40. The consensus estimate for Pacific Premier Bancorp's current full-year earnings is $1.60 per share.

Separately, Wedbush lowered their price objective on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.50.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI traded up $0.48 on Friday, hitting $25.07. The stock had a trading volume of 1,916,166 shares, compared to its average volume of 547,248. The business's 50-day simple moving average is $27.10 and its two-hundred day simple moving average is $25.17. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -167.12 and a beta of 1.24. Pacific Premier Bancorp has a 52-week low of $20.52 and a 52-week high of $30.28. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The firm had revenue of $224.49 million during the quarter, compared to analysts' expectations of $153.23 million. During the same quarter in the prior year, the business posted $0.48 EPS.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Monday, November 4th. Pacific Premier Bancorp's payout ratio is -880.00%.

Insider Buying and Selling at Pacific Premier Bancorp

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

Institutional Investors Weigh In On Pacific Premier Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Pacific Premier Bancorp by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,644,235 shares of the financial services provider's stock worth $129,645,000 after acquiring an additional 238,854 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Pacific Premier Bancorp by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 4,253,161 shares of the financial services provider's stock valued at $97,695,000 after purchasing an additional 242,721 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Pacific Premier Bancorp by 13.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider's stock valued at $69,651,000 after purchasing an additional 321,716 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Pacific Premier Bancorp by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider's stock worth $57,960,000 after purchasing an additional 25,964 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Pacific Premier Bancorp by 8.5% in the second quarter. Victory Capital Management Inc. now owns 1,566,343 shares of the financial services provider's stock worth $35,979,000 after buying an additional 122,285 shares in the last quarter. Institutional investors own 93.11% 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 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.