Pacific Premier Bancorp (PPBI) to Release Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) is projected to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Pacific Premier Bancorp to post earnings of $0.30 per share and revenue of $143.25 million for the quarter. Individual 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, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. On average, analysts expect Pacific Premier Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pacific Premier Bancorp Stock Up 1.2 %

NASDAQ PPBI traded up $0.23 during trading hours on Friday, hitting $19.25. 986,065 shares of the company were exchanged, compared to its average volume of 598,263. The company has a 50 day moving average of $21.82 and a two-hundred day moving average of $24.60. 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 firm has a market cap of $1.87 billion, a price-to-earnings ratio of 11.74 and a beta of 1.16. Pacific Premier Bancorp has a 52-week low of $18.06 and a 52-week high of $30.28.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.33 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 6.86%. Pacific Premier Bancorp's dividend payout ratio (DPR) is 80.49%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price objective on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.00.

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.