DA Davidson Has Negative Forecast for PPBI FY2025 Earnings

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Stock analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Pacific Premier Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $1.36 per share for the year, down from their prior estimate of $1.40. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.60 per share.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to the consensus estimate of $153.23 million. During the same quarter last year, the firm posted $0.48 earnings per share.

Separately, Wedbush cut their price target on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.50.

Pacific Premier Bancorp Stock Down 1.3 %

PPBI stock opened at $24.59 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. Pacific Premier Bancorp has a 1-year low of $20.52 and a 1-year high of $30.28. The firm has a fifty day moving average price of $27.10 and a two-hundred day moving average price of $25.17. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -163.92 and a beta of 1.24.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently -880.00%.

Insider Activity at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total value of $259,273.08. Following the sale, the executive vice president now directly owns 25,475 shares in the company, valued at $712,281. This represents a 26.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total transaction of $276,492.30. Following the sale, the executive vice president now directly owns 79,474 shares of the company’s stock, valued at approximately $2,135,466.38. The trade was a 11.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

Institutional Trading of Pacific Premier Bancorp

Several large investors have recently made changes to their positions in PPBI. Louisiana State Employees Retirement System grew its holdings in Pacific Premier Bancorp by 2.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 48,500 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Pacific Premier Bancorp by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,203,751 shares of the financial services provider’s stock worth $27,650,000 after buying an additional 16,038 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Pacific Premier Bancorp by 6.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,924 shares of the financial services provider’s stock valued at $527,000 after buying an additional 1,363 shares during the last quarter. Innealta Capital LLC bought a new position in Pacific Premier Bancorp in the 2nd quarter valued at $95,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Pacific Premier Bancorp by 38.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 576,827 shares of the financial services provider’s stock valued at $13,250,000 after buying an additional 161,348 shares during the period. Institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, 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, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.