Pacific Premier Bancorp (PPBI) Projected to Post Earnings on Thursday

Pacific Premier Bancorp (NASDAQ:PPBIGet Free Report) is expected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.32 per share and revenue of $143,270.00 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBIGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $153.23 million. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, analysts expect Pacific Premier Bancorp to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pacific Premier Bancorp Trading Up 1.7 %

Pacific Premier Bancorp stock opened at $24.58 on Tuesday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -163.86 and a beta of 1.26. The firm has a 50-day moving average of $26.29 and a 200-day moving average of $25.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. Pacific Premier Bancorp has a one year low of $20.52 and a one year high of $30.28.

Analyst Ratings Changes

Separately, Wedbush decreased their price target on 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.50.

Check Out Our Latest Stock Report on Pacific Premier Bancorp

Insiders Place Their Bets

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

Pacific Premier Bancorp Company Profile

(Get Free Report)

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.

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Earnings History for Pacific Premier Bancorp (NASDAQ:PPBI)

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