Pacific Premier Bancorp (PPBI) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pacific Premier Bancorp in the last year. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PPBI shares.
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4 brokers have issued 12 month target prices for Pacific Premier Bancorp's stock. Their PPBI share price forecasts range from $26.00 to $34.00. On average, they anticipate the company's stock price to reach $28.40 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
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Pacific Premier Bancorp's stock was trading at $31.56 at the beginning of the year. Since then, PPBI stock has decreased by 32.4% and is now trading at $21.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our PPBI earnings forecast.

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) announced its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.01. The financial services provider earned $245.93 million during the quarter, compared to analysts' expectations of $180.58 million. Pacific Premier Bancorp had a trailing twelve-month return on equity of 9.53% and a net margin of 28.25%. During the same quarter last year, the business posted $0.73 earnings per share.

Pacific Premier Bancorp announced a quarterly dividend on Tuesday, July 25th. Investors of record on Monday, August 7th will be paid a dividend of $0.33 per share on Monday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Friday, August 4th.
Read our dividend analysis for PPBI.

ETFs with the largest weight of Pacific Premier Bancorp (NASDAQ:PPBI) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap Financials ETF (PSCF), Invesco Raymond James SB-1 Equity ETF (RYJ), WBI Power Factor High Dividend ETF (WBIY), First Trust Nasdaq Bank ETF (FTXO) and iShares S&P Small-Cap 600 Value ETF (IJS).

Pacific Premier Bancorp (NASDAQ:PPBI) pays an annual dividend of $1.32 per share and currently has a dividend yield of 6.11%. PPBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PPBI will have a dividend payout ratio of 58.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PPBI.

37 employees have rated Pacific Premier Bancorp Chief Executive Officer Steve Gardner on Glassdoor.com. Steve Gardner has an approval rating of 47% among the company's employees. This puts Steve Gardner in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pacific Premier Bancorp investors own include AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Oracle (ORCL), Pattern Energy Group (PEGI), Visa (V), Verizon Communications (VZ), Exxon Mobil (XOM), Carnival Co. & (CCL), Cohu (COHU) and DICK'S Sporting Goods (DKS).

Pacific Premier Bancorp trades on the NASDAQ under the ticker symbol "PPBI."

Pacific Premier Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.69%), Dimensional Fund Advisors LP (5.51%), State Street Corp (5.25%), Geode Capital Management LLC (2.06%), Cardinal Capital Management LLC CT (1.90%) and Brown Advisory Inc. (1.72%). Insiders that own company stock include Edward Earl Wilcox, Jaynie M Studenmund, Jeff C Jones, Joseph L Garrett, Joseph L Garrett, Michael S Karr, Ronald J Jr Nicolas, Sherri V Scott and Steven R Gardner.
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Shares of PPBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PPBI stock can currently be purchased for approximately $21.33.

Pacific Premier Bancorp (NASDAQ:PPBI) has a market capitalization of $2.05 billion and generates $857.33 million in revenue each year. The financial services provider earns $283.74 million in net income (profit) each year or $2.80 on an earnings per share basis.

The company employs 1,430 workers across the globe.

Pacific Premier Bancorp's mailing address is 17901 VON KARMAN AVENUE SUITE 1200, IRVINE CA, 92614. The official website for the company is www.ppbi.com. The financial services provider can be reached via phone at (949) 864-8000, via email at bvillaume@ppbi.com, or via fax at 302-655-5049.