Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and 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, small business administration (SBA), and SBA paycheck protection program loans; revolving lines or credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and savings account secured loans and auto loans. The company also offers cash management, electronic banking, treasury management, and online bill payment services. It operates 61 full-service depository branches located in Arizona, California, Nevada, Oregon, and Washington. Pacific Premier Bancorp, Inc. was founded in 1983 and is headquartered in Irvine, California.
Analyst Ratings Changes
Several analysts recently weighed in on PPBI shares. Raymond James raised Pacific Premier Bancorp from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the company from $41.00 to $35.00 in a research note on Thursday, July 7th. StockNews.com upgraded Pacific Premier Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, May 31st. Finally, Piper Sandler dropped their target price on Pacific Premier Bancorp to $41.00 in a research report on Monday, July 4th.
Pacific Premier Bancorp Trading Up 0.7 %
Pacific Premier Bancorp stock traded up $0.26 during trading hours on Monday, hitting $35.49. The stock had a trading volume of 340,599 shares, compared to its average volume of 381,523. Pacific Premier Bancorp has a one year low of $27.92 and a one year high of $45.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 10.82 and a beta of 1.24. The business's 50 day simple moving average is $31.11 and its 200-day simple moving average is $33.78.
Pacific Premier Bancorp (NASDAQ:PPBI - Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Pacific Premier Bancorp had a return on equity of 11.07% and a net margin of 38.46%. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $193.39 million. During the same period last year, the company earned $1.01 earnings per share. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Pacific Premier Bancorp will post 2.96 EPS for the current fiscal year.
Pacific Premier Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, August 1st were given a dividend of $0.33 per share. The ex-dividend date was Friday, July 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.72%. Pacific Premier Bancorp's dividend payout ratio (DPR) is 40.37%.