DA Davidson Has Bullish Estimate for PPBI FY2025 Earnings

Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) - Stock analysts at DA Davidson increased their FY2025 EPS estimates for Pacific Premier Bancorp in a research note issued to investors on Friday, June 27th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $1.47 per share for the year, up from their prior forecast of $1.45. DA Davidson has a "Hold" rating on the stock. The consensus estimate for Pacific Premier Bancorp's current full-year earnings is $1.34 per share. DA Davidson also issued estimates for Pacific Premier Bancorp's FY2026 earnings at $1.49 EPS.

Separately, Wall Street Zen initiated coverage on Pacific Premier Bancorp in a research note on Thursday, May 22nd. They issued a "sell" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Pacific Premier Bancorp presently has an average rating of "Hold" and an average price target of $27.25.

Pacific Premier Bancorp Trading Up 2.0%

Shares of NASDAQ PPBI traded up $0.46 during mid-day trading on Monday, reaching $23.10. 1,017,089 shares of the company's stock were exchanged, compared to its average volume of 692,562. Pacific Premier Bancorp has a 52-week low of $18.06 and a 52-week high of $30.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 15.20 and a beta of 1.16. The company's 50-day moving average is $21.25 and its 200-day moving average is $22.52.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07. Pacific Premier Bancorp had a return on equity of 5.01% and a net margin of 16.89%. The company had revenue of $144.83 million during the quarter, compared to analysts' expectations of $143.25 million. During the same quarter last year, the firm earned $0.49 earnings per share.

Institutional Trading of Pacific Premier Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in PPBI. Quarry LP lifted its position in Pacific Premier Bancorp by 488.3% during the 1st quarter. Quarry LP now owns 1,459 shares of the financial services provider's stock worth $31,000 after buying an additional 1,211 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Pacific Premier Bancorp by 8,794.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,601 shares of the financial services provider's stock worth $34,000 after purchasing an additional 1,583 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Pacific Premier Bancorp by 47.9% during the first quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 741 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Pacific Premier Bancorp by 158.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 1,853 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Pacific Premier Bancorp by 729.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock worth $75,000 after purchasing an additional 2,655 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Edward Earl Wilcox sold 14,500 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total transaction of $294,060.00. Following the sale, the chief operating officer directly owned 140,283 shares in the company, valued at $2,844,939.24. This represents a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.29% of the company's stock.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, May 5th. This represents a $1.32 annualized dividend and a yield of 5.71%. Pacific Premier Bancorp's dividend payout ratio is 86.84%.

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.