Pacific Premier Bancorp (NASDAQ:PPBI) released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05, Morningstar.com reports. The company had revenue of $87.62 million during the quarter, compared to analysts’ expectations of $83.30 million. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. During the same period in the previous year, the company earned $0.43 EPS.
Shares of Pacific Premier Bancorp (NASDAQ:PPBI) traded up $0.95 on Thursday, hitting $41.75. 211,600 shares of the stock traded hands, compared to its average volume of 366,510. Pacific Premier Bancorp has a 52-week low of $32.05 and a 52-week high of $42.55. The stock has a market cap of $1,886.97, 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.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday. Piper Jaffray Companies set a $55.00 price objective on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a research report on Tuesday. Stephens reissued a “hold” rating and issued a $45.00 price objective on shares of Pacific Premier Bancorp in a research report on Tuesday, February 6th. Finally, ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.40.
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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