DA Davidson Has Strong Forecast for PPBI FY2025 Earnings

Pacific Premier Bancorp, Inc. (NASDAQ:PPBIFree Report) – Equities researchers at DA Davidson increased their FY2025 EPS estimates for Pacific Premier Bancorp in a research report issued on Monday, January 27th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $1.57 per share for the year, up from their previous forecast of $1.36. DA Davidson has a “Buy” rating and a $30.00 price target on the stock. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.59 per share.

Pacific Premier Bancorp (NASDAQ:PPBIGet Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03.

Separately, Wedbush reduced their price target on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Pacific Premier Bancorp has a consensus rating of “Hold” and an average target price of $27.00.

Get Our Latest Stock Analysis on Pacific Premier Bancorp

Pacific Premier Bancorp Stock Performance

PPBI stock opened at $25.79 on Wednesday. The firm has a 50 day simple moving average of $25.93 and a 200 day simple moving average of $25.76. Pacific Premier Bancorp has a 52 week low of $20.52 and a 52 week high of $30.28. The stock has a market cap of $2.49 billion, a P/E ratio of -171.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88.

Pacific Premier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be paid a $0.33 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.12%. Pacific Premier Bancorp’s dividend payout ratio is presently -879.94%.

Insider Transactions at Pacific Premier Bancorp

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

Institutional Investors Weigh In On Pacific Premier Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Azora Capital LP acquired a new stake in Pacific Premier Bancorp during the 3rd quarter worth $12,187,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Pacific Premier Bancorp by 13.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider’s stock worth $69,651,000 after acquiring an additional 321,716 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Pacific Premier Bancorp by 61.6% during the third quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider’s stock worth $16,214,000 after purchasing an additional 245,771 shares during the period. Phocas Financial Corp. lifted its holdings in shares of Pacific Premier Bancorp by 65.8% during the 3rd quarter. Phocas Financial Corp. now owns 279,443 shares of the financial services provider’s stock valued at $7,031,000 after purchasing an additional 110,885 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Pacific Premier Bancorp by 71.4% in the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock valued at $5,123,000 after purchasing an additional 84,859 shares during the period. Institutional investors own 93.11% of the company’s stock.

About Pacific Premier Bancorp

(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.

Further Reading

Earnings History and Estimates for Pacific Premier Bancorp (NASDAQ:PPBI)

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