What is DA Davidson’s Estimate for PPBI FY2025 Earnings?

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Pacific Premier Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $1.36 per share for the year, down from their previous estimate of $1.40. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.60 per share.

Separately, Wedbush dropped their price objective on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ:PPBI opened at $25.07 on Friday. Pacific Premier Bancorp has a 1-year low of $20.52 and a 1-year high of $30.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.42 billion, a P/E ratio of -167.12 and a beta of 1.24. The business has a 50-day moving average price of $27.08 and a two-hundred day moving average price of $25.19.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $224.49 million during the quarter, compared to the consensus estimate of $153.23 million. During the same period in the prior year, the firm posted $0.48 EPS.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp’s dividend payout ratio is presently -880.00%.

Insider Buying and Selling at Pacific Premier Bancorp

In related news, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total value of $276,492.30. Following the completion of the transaction, the executive vice president now owns 79,474 shares of the company’s stock, valued at $2,135,466.38. This represents a 11.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Margaret S. Ohlhaver sold 9,273 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total transaction of $259,273.08. Following the sale, the executive vice president now directly owns 25,475 shares in the company, valued at approximately $712,281. The trade was a 26.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Algert Global LLC increased its holdings in Pacific Premier Bancorp by 22.0% in the 3rd quarter. Algert Global LLC now owns 234,616 shares of the financial services provider’s stock worth $5,903,000 after purchasing an additional 42,357 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Pacific Premier Bancorp by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,644,235 shares of the financial services provider’s stock worth $129,645,000 after purchasing an additional 238,854 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Pacific Premier Bancorp by 53.3% in the second quarter. Renaissance Technologies LLC now owns 222,628 shares of the financial services provider’s stock valued at $5,114,000 after buying an additional 77,400 shares during the period. Azora Capital LP acquired a new position in shares of Pacific Premier Bancorp in the third quarter valued at approximately $12,187,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Pacific Premier Bancorp by 11.2% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 641,256 shares of the financial services provider’s stock valued at $16,134,000 after buying an additional 64,429 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.