Analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to post sales of $89.10 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Pacific Premier Bancorp’s earnings, with estimates ranging from $88.60 million to $89.80 million. Pacific Premier Bancorp reported sales of $46.39 million in the same quarter last year, which would suggest a positive year over year growth rate of 92.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year sales of $89.10 million for the current financial year, with estimates ranging from $373.70 million to $376.70 million. For the next financial year, analysts forecast that the firm will report sales of $414.07 million per share, with estimates ranging from $405.80 million to $422.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. The business had revenue of $87.62 million for the quarter, compared to analysts’ expectations of $83.30 million. During the same period last year, the business earned $0.43 EPS.

PPBI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Saturday, January 6th. ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price target on shares of Pacific Premier Bancorp in a report on Friday, October 27th. Finally, Stephens restated a “hold” rating and issued a $45.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.

Shares of Pacific Premier Bancorp (NASDAQ PPBI) opened at $41.75 on Thursday. Pacific Premier Bancorp has a 1-year low of $32.05 and a 1-year high of $42.55. The firm has a market cap of $1,886.80, a PE ratio of 26.94, a PEG ratio of 1.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.04.

A number of hedge funds have recently added to or reduced their stakes in PPBI. BlackRock Inc. boosted its stake in Pacific Premier Bancorp by 103.1% in the 4th quarter. BlackRock Inc. now owns 4,970,355 shares of the financial services provider’s stock worth $198,814,000 after purchasing an additional 2,522,820 shares in the last quarter. Earnest Partners LLC acquired a new stake in Pacific Premier Bancorp in the 4th quarter worth approximately $65,490,000. Millennium Management LLC boosted its stake in Pacific Premier Bancorp by 120.4% in the 4th quarter. Millennium Management LLC now owns 938,321 shares of the financial services provider’s stock worth $37,533,000 after purchasing an additional 512,542 shares in the last quarter. Vanguard Group Inc. boosted its stake in Pacific Premier Bancorp by 31.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,478,727 shares of the financial services provider’s stock worth $54,566,000 after purchasing an additional 354,386 shares in the last quarter. Finally, State Street Corp boosted its stake in Pacific Premier Bancorp by 30.5% in the 2nd quarter. State Street Corp now owns 1,187,936 shares of the financial services provider’s stock worth $43,834,000 after purchasing an additional 277,305 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

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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 Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

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Earnings History and Estimates for Pacific Premier Bancorp (NASDAQ:PPBI)

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