Pacific Premier Bancorp (PPBI) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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Pacific Premier Bancorp (NASDAQ:PPBI) released its earnings results on Tuesday. The financial services provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01), Fidelity Earnings reports. Pacific Premier Bancorp had a net margin of 24.60% and a return on equity of 8.61%. During the same period in the previous year, the firm earned $0.50 EPS.

Shares of PPBI opened at $29.94 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.97 billion, a P/E ratio of 13.82, a PEG ratio of 1.55 and a beta of 0.74. Pacific Premier Bancorp has a 12-month low of $28.45 and a 12-month high of $46.05.

In other Pacific Premier Bancorp news, Director Simone Lagomarsino sold 7,828 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $38.58, for a total value of $302,004.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Don M. Griffith sold 19,245 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $40.02, for a total value of $770,184.90. The disclosure for this sale can be found here. Company insiders own 4.12% of the company’s stock.

PPBI has been the topic of several research analyst reports. Zacks Investment Research cut Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. ValuEngine upgraded Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. BidaskClub upgraded Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Stephens restated a “hold” rating and set a $43.00 price objective on shares of Pacific Premier Bancorp in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.00.

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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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Earnings History for Pacific Premier Bancorp (NASDAQ:PPBI)

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