Analysts Anticipate Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to Post $0.63 EPS

Wall Street analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to announce earnings per share (EPS) of $0.63 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pacific Premier Bancorp’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.64. Pacific Premier Bancorp reported earnings per share of $0.60 during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, July 23rd.

According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year earnings of $2.56 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.60. For the next fiscal year, analysts forecast that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.63 to $2.79. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Pacific Premier Bancorp.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. Pacific Premier Bancorp had a net margin of 25.82% and a return on equity of 8.24%. The business had revenue of $119.09 million during the quarter, compared to the consensus estimate of $121.55 million. During the same quarter last year, the firm earned $0.62 earnings per share.

Several equities research analysts have weighed in on PPBI shares. Stephens reaffirmed a “buy” rating and issued a $34.00 price target on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Janney Montgomery Scott raised shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, TheStreet raised shares of One Group Hospitality from a “d” rating to a “b-” rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $37.50.

Institutional investors and hedge funds have recently bought and sold shares of the business. Peregrine Capital Management LLC boosted its position in Pacific Premier Bancorp by 25.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 288,602 shares of the financial services provider’s stock worth $8,912,000 after purchasing an additional 58,314 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Pacific Premier Bancorp in the 2nd quarter valued at $219,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Pacific Premier Bancorp in the 1st quarter valued at $85,000. Marshall Wace LLP acquired a new position in shares of Pacific Premier Bancorp in the 1st quarter valued at $1,227,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Pacific Premier Bancorp by 28.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,380,842 shares of the financial services provider’s stock valued at $36,634,000 after buying an additional 301,904 shares during the period. 82.57% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PPBI traded up $0.15 during mid-day trading on Tuesday, reaching $30.77. 299,311 shares of the stock were exchanged, compared to its average volume of 386,430. Pacific Premier Bancorp has a one year low of $23.01 and a one year high of $40.10. The company has a 50 day moving average of $30.20. The stock has a market cap of $1.93 billion, a PE ratio of 12.26, a P/E/G ratio of 1.50 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02.

About Pacific Premier Bancorp

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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