Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – FIG Partners boosted their FY2020 earnings per share estimates for shares of Pacific Premier Bancorp in a report released on Friday, April 12th. FIG Partners analyst T. Coffey now anticipates that the financial services provider will earn $3.14 per share for the year, up from their previous estimate of $3.13. FIG Partners currently has a “Outperform” rating on the stock.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Pacific Premier Bancorp had a return on equity of 8.59% and a net margin of 25.76%. The firm had revenue of $122.26 million for the quarter, compared to analysts’ expectations of $121.76 million. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was up 43.1% on a year-over-year basis.

Several other equities analysts have also recently issued reports on the company. BidaskClub cut Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. ValuEngine cut Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Zacks Investment Research upgraded Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, TheStreet lowered Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.50.

Shares of PPBI opened at $28.91 on Monday. Pacific Premier Bancorp has a 12-month low of $23.01 and a 12-month high of $43.20. The firm has a market cap of $1.85 billion, a P/E ratio of 11.52, a PEG ratio of 1.37 and a beta of 1.26. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.

Hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans increased its position in Pacific Premier Bancorp by 14.2% in the third quarter. Thrivent Financial for Lutherans now owns 30,623 shares of the financial services provider’s stock worth $1,139,000 after buying an additional 3,811 shares during the period. Credit Suisse AG increased its position in Pacific Premier Bancorp by 10.7% in the third quarter. Credit Suisse AG now owns 81,015 shares of the financial services provider’s stock worth $3,013,000 after buying an additional 7,862 shares during the period. Victory Capital Management Inc. increased its position in Pacific Premier Bancorp by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,371,275 shares of the financial services provider’s stock worth $34,995,000 after buying an additional 78,821 shares during the period. Rothschild & Co. Asset Management US Inc. increased its position in Pacific Premier Bancorp by 3.8% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 161,428 shares of the financial services provider’s stock worth $4,120,000 after buying an additional 5,882 shares during the period. Finally, Brown Advisory Inc. increased its position in Pacific Premier Bancorp by 17.5% in the fourth quarter. Brown Advisory Inc. now owns 1,163,019 shares of the financial services provider’s stock worth $29,680,000 after buying an additional 172,936 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

In other Pacific Premier Bancorp news, Chairman Steven R. Gardner sold 43,535 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $29.92, for a total value of $1,302,567.20. Following the sale, the chairman now directly owns 234,880 shares of the company’s stock, valued at $7,027,609.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.12% of the stock is owned by company insiders.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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

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