Pacific Premier Bancorp (PPBI) Expected to Announce Quarterly Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) is expected to be releasing 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share 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 the consensus estimate of $153.23 million. During the same period in the prior year, the firm 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 Trading Down 0.4 %

Shares of PPBI traded down $0.09 during trading hours on Thursday, hitting $24.17. 377,138 shares of the stock traded hands, compared to its average volume of 412,904. The business has a fifty day moving average of $26.51 and a 200-day moving average of $25.61. The firm has a market capitalization of $2.33 billion, a PE ratio of -161.12 and a beta of 1.26. Pacific Premier Bancorp has a 1-year low of $20.52 and a 1-year high of $30.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.32 dividend on an annualized basis and a yield of 5.46%. Pacific Premier Bancorp's payout ratio is presently -879.94%.

Insider Activity at Pacific Premier Bancorp

In other 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael S. Karr sold 10,290 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the sale, the executive vice president now directly owns 79,474 shares in the company, valued at $2,135,466.38. The trade was a 11.46 % decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wedbush dropped their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating for the company 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $26.50.

Pacific Premier Bancorp Company Profile

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.