Pacific Premier Bancorp (PPBI) to Release Quarterly Earnings on Thursday
Pacific Premier Bancorp (NASDAQ:PPBI) is set to release its quarterly earnings on April 24, with expectations of $0.30 earnings per share and $143.25 million in revenue. The company recently reported $0.35 EPS, surpassing estimates. It has a market cap of $1.85 billion and a dividend yield of 6.94%. Analyst ratings show a consensus of "Hold" with a target price of $27.00. DA Davidson lowered its price target from $33.00 to $30.00, maintaining a "buy" rating. Investors can join the earnings call via a provided link.
Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $143.25 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. On average, analysts expect Pacific Premier Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Pacific Premier Bancorp Trading Down 0.4 %
NASDAQ PPBI opened at $19.02 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp has a twelve month low of $18.06 and a twelve month high of $30.28. The stock's 50-day simple moving average is $22.09 and its two-hundred day simple moving average is $24.67. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 11.60 and a beta of 1.16.
Pacific Premier Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 annualized dividend and a dividend yield of 6.94%. Pacific Premier Bancorp's dividend payout ratio is currently 80.49%.
Analyst Ratings Changes
Separately, DA Davidson lowered their price objective on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pacific Premier Bancorp has a consensus rating of "Hold" and an average target price of $27.00.
Read Our Latest Report on PPBI
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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