Equities research analysts expect Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to report sales of $68.18 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Pacific Premier Bancorp’s earnings. The lowest sales estimate is $66.4 million and the highest is $69.4 million. Pacific Premier Bancorp reported sales of $42.01 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 62.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, July 19th.
According to Zacks, analysts expect that Pacific Premier Bancorp will report full-year sales of $68.18 million for the current year, with estimates ranging from $256.7 million to $263.4 million. For the next year, analysts expect that the business will report sales of $317.33 million per share, with estimates ranging from $305.2 million to $328.4 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Pacific Premier Bancorp.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $46.39 million for the quarter, compared to analyst estimates of $46.48 million. Pacific Premier Bancorp had a net margin of 21.54% and a return on equity of 9.78%. During the same period in the previous year, the business earned $0.41 EPS. Several analysts have recently commented on PPBI shares. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Wednesday, March 29th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $41.00 target price (down previously from $43.00) on shares of Pacific Premier Bancorp in a report on Monday, April 17th. Finally, FBR & Co upgraded shares of Pacific Premier Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the company from $40.00 to $44.00 in a report on Monday, May 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.00.
Shares of Pacific Premier Bancorp (NASDAQ:PPBI) traded down 5.72% during mid-day trading on Friday, hitting $34.60. 126,698 shares of the company traded hands. Pacific Premier Bancorp has a one year low of $22.41 and a one year high of $41.90. The firm has a 50-day moving average of $36.70 and a 200-day moving average of $35.91. The stock has a market capitalization of $965.62 million, a price-to-earnings ratio of 23.59 and a beta of 0.69. In related news, Director Simone Lagomarsino sold 11,049 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $37.56, for a total transaction of $415,000.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.87% of the company’s stock.
About Pacific Premier Bancorp 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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