DA Davidson Has Bullish Estimate for PPBI FY2025 Earnings

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) - Equities researchers at DA Davidson boosted their FY2025 earnings estimates for shares of Pacific Premier Bancorp in a research note issued to investors on Monday, January 27th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $1.57 for the year, up from their previous forecast of $1.36. DA Davidson currently has a "Buy" rating and a $30.00 price objective on the stock. The consensus estimate for Pacific Premier Bancorp's current full-year earnings is $1.34 per share.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%.

Separately, Wedbush dropped their price target 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 analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $27.00.

Pacific Premier Bancorp Stock Performance

Pacific Premier Bancorp stock traded down $0.08 during trading on Wednesday, hitting $25.90. The stock had a trading volume of 816,423 shares, compared to its average volume of 469,832. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The stock's 50 day moving average is $25.83 and its two-hundred day moving average is $25.75. Pacific Premier Bancorp has a 1 year low of $20.52 and a 1 year high of $30.28. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 15.79 and a beta of 1.26.

Hedge Funds Weigh In On Pacific Premier Bancorp

A number of institutional investors have recently added to or reduced their stakes in PPBI. Marshall Wace LLP bought a new position in shares of Pacific Premier Bancorp in the second quarter worth approximately $1,762,000. Cubist Systematic Strategies LLC increased its holdings in shares of 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 buying an additional 631 shares during the last quarter. Millennium Management LLC raised its position in shares of Pacific Premier Bancorp by 14.2% during the 2nd quarter. Millennium Management LLC now owns 150,763 shares of the financial services provider's stock valued at $3,463,000 after buying an additional 18,779 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Pacific Premier Bancorp by 5.7% during 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 lifted its stake in Pacific Premier Bancorp by 28.9% during the second quarter. Algert Global LLC now owns 192,259 shares of the financial services provider's stock worth $4,416,000 after purchasing an additional 43,091 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Michael S. Karr sold 10,290 shares of the company's 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 transaction, the executive vice president now owns 79,474 shares of the company's stock, valued at approximately $2,135,466.38. This represents a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $259,273.08. Following the completion of the sale, the executive vice president now owns 25,475 shares in the company, valued at $712,281. This trade represents a 26.69 % decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by insiders.

Pacific Premier Bancorp Dividend Announcement

The business 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 dividend of $0.33 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.10%. Pacific Premier Bancorp's payout ratio is 80.49%.

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.