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

Pacific Premier Bancorp (NASDAQ:PPBI) will likely be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Pacific Premier Bancorp to post earnings of $0.32 per share and revenue of $143,270.00 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Pacific Premier Bancorp (NASDAQ:PPBI) 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 analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $153.23 million. During the same quarter last year, the firm posted $0.48 earnings per share. 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 Stock Up 0.2 %

Shares of NASDAQ:PPBI opened at $24.64 on Wednesday. The stock’s 50-day moving average price is $26.22 and its two-hundred day moving average price is $25.69. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp has a 12-month low of $20.52 and a 12-month high of $30.28. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -164.26 and a beta of 1.26.

Analyst Upgrades and Downgrades

Separately, Wedbush reduced their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock 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 assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.50.

Insider Buying and Selling

In other news, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the transaction, the executive vice president now directly owns 79,474 shares in the company, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their position. The transaction 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 firm’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 completion of the transaction, the executive vice president now owns 25,475 shares in the company, valued at $712,281. This represents a 26.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is owned by corporate insiders.

About Pacific Premier Bancorp

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.