FIG Partners Equities Analysts Increase Earnings Estimates for Pacific Premier Bancorp, Inc. (PPBI)
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Equities research analysts at FIG Partners upped their FY2018 earnings per share estimates for Pacific Premier Bancorp in a report issued on Wednesday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will post earnings of $2.69 per share for the year, up from their prior estimate of $2.67. FIG Partners also issued estimates for Pacific Premier Bancorp’s FY2019 earnings at $3.09 EPS.
Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Pacific Premier Bancorp had a return on equity of 8.65% and a net margin of 19.96%. The company had revenue of $87.62 million for the quarter, compared to analyst estimates of $83.30 million. During the same period in the previous year, the firm earned $0.43 earnings per share.
Shares of Pacific Premier Bancorp (PPBI) traded down $0.05 during mid-day trading on Thursday, hitting $38.10. The stock had a trading volume of 214,717 shares, compared to its average volume of 361,633. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. Pacific Premier Bancorp has a twelve month low of $32.05 and a twelve month high of $42.55. The stock has a market capitalization of $1,842.86, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.82 and a beta of 0.72.
In other Pacific Premier Bancorp news, CFO Ronald J. Jr. Nicolas acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $36.97 per share, with a total value of $92,425.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.59% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of PPBI. Citigroup Inc. grew its stake in shares of Pacific Premier Bancorp by 664.8% in the 2nd quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,646 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Pacific Premier Bancorp by 52.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,177 shares in the last quarter. LS Investment Advisors LLC bought a new position in shares of Pacific Premier Bancorp in the 4th quarter valued at about $130,000. Quantbot Technologies LP grew its holdings in shares of Pacific Premier Bancorp by 266.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 3,041 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Pacific Premier Bancorp in the 3rd quarter valued at about $196,000. 71.49% of the stock is owned by hedge funds and other institutional investors.
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Pacific Premier Bancorp Company Profile
Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.
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