FY2025 EPS Estimates for Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Cut by Analyst

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) - Equities research analysts at DA Davidson lowered their FY2025 earnings per share estimates for Pacific Premier Bancorp in a research note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.20 per share for the year, down from their prior forecast of $2.21. The consensus estimate for Pacific Premier Bancorp's current full-year earnings is $1.96 per share.

PPBI has been the subject of a number of other reports. Stephens reissued an "equal weight" rating and issued a $28.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. StockNews.com upgraded Pacific Premier Bancorp to a "sell" rating in a research note on Wednesday, March 20th. TheStreet lowered Pacific Premier Bancorp from a "b-" rating to a "c+" rating in a report on Monday, January 29th. Raymond James reaffirmed an "outperform" rating and set a $29.00 price target (up previously from $26.00) on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Finally, Wedbush cut their target price on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $28.60.

Pacific Premier Bancorp Price Performance

NASDAQ:PPBI traded up $0.07 on Thursday, hitting $21.31. The company had a trading volume of 494,852 shares, compared to its average volume of 526,390. The firm has a 50 day moving average of $23.21 and a two-hundred day moving average of $24.07. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 70.80 and a beta of 1.21. Pacific Premier Bancorp has a 52 week low of $17.53 and a 52 week high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of ($17.00) million during the quarter, compared to analysts' expectations of $169.50 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same period in the prior year, the business posted $0.77 EPS.

Institutional Investors Weigh In On Pacific Premier Bancorp

A number of hedge funds have recently made changes to their positions in PPBI. JPMorgan Chase & Co. grew its stake in Pacific Premier Bancorp by 19.0% during the first quarter. JPMorgan Chase & Co. now owns 274,989 shares of the financial services provider's stock worth $9,721,000 after buying an additional 43,956 shares during the last quarter. Raymond James & Associates increased its stake in shares of Pacific Premier Bancorp by 1.2% in the first quarter. Raymond James & Associates now owns 46,891 shares of the financial services provider's stock valued at $1,658,000 after buying an additional 534 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Pacific Premier Bancorp by 9.9% in the first quarter. Citigroup Inc. now owns 83,219 shares of the financial services provider's stock valued at $2,941,000 after buying an additional 7,486 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Pacific Premier Bancorp by 6.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 32,267 shares of the financial services provider's stock worth $1,140,000 after buying an additional 1,881 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Pacific Premier Bancorp by 46.1% during the 1st quarter. Bank of Montreal Can now owns 49,928 shares of the financial services provider's stock worth $1,802,000 after acquiring an additional 15,753 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Activity

In related news, Director Barbara Polsky bought 1,200 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the transaction, the director now directly owns 14,507 shares of the company's stock, valued at $347,007.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.21% of the company's stock.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date was Thursday, February 8th. Pacific Premier Bancorp's payout ratio is 440.00%.

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.