Q2 2018 Earnings Forecast for Pacific Premier Bancorp, Inc. Issued By DA Davidson (PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Investment analysts at DA Davidson raised their Q2 2018 EPS estimates for Pacific Premier Bancorp in a research note issued to investors on Tuesday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.66 per share for the quarter, up from their prior estimate of $0.65. DA Davidson also issued estimates for Pacific Premier Bancorp’s Q4 2018 earnings at $0.77 EPS and FY2019 earnings at $3.34 EPS.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Thursday. Piper Jaffray Companies set a $55.00 price objective on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a report on Tuesday. Stephens reiterated a “hold” rating and issued a $45.00 target price on shares of Pacific Premier Bancorp in a report on Tuesday, February 6th. Finally, ValuEngine downgraded shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.40.

Pacific Premier Bancorp (NASDAQ PPBI) opened at $41.75 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. Pacific Premier Bancorp has a 1-year low of $32.05 and a 1-year high of $42.55. The firm has a market cap of $1,886.97, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.72.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Pacific Premier Bancorp had a net margin of 19.96% and a return on equity of 8.65%. The firm had revenue of $87.62 million for the quarter, compared to the consensus estimate of $83.30 million. During the same quarter in the prior year, the company posted $0.43 earnings per share.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Pacific Premier Bancorp by 103.1% in the fourth quarter. BlackRock Inc. now owns 4,970,355 shares of the financial services provider’s stock valued at $198,814,000 after purchasing an additional 2,522,820 shares during the last quarter. Earnest Partners LLC purchased a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $65,490,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Pacific Premier Bancorp by 2.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,563,750 shares of the financial services provider’s stock valued at $59,032,000 after purchasing an additional 35,325 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Pacific Premier Bancorp by 31.5% in the second quarter. Vanguard Group Inc. now owns 1,478,727 shares of the financial services provider’s stock valued at $54,566,000 after purchasing an additional 354,386 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Pacific Premier Bancorp by 11.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,380,565 shares of the financial services provider’s stock valued at $52,116,000 after purchasing an additional 145,315 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

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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.

Earnings History and Estimates for Pacific Premier Bancorp (NASDAQ:PPBI)

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