FY2025 EPS Estimates for Pacific Premier Bancorp, Inc. Lowered by Wedbush (NASDAQ:PPBI)

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) – Wedbush decreased their FY2025 earnings per share (EPS) estimates for shares of Pacific Premier Bancorp in a report released on Thursday, July 25th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of $1.65 for the year, down from their previous forecast of $2.00. Wedbush has a “Neutral” rating and a $25.00 price objective on the stock. The consensus estimate for Pacific Premier Bancorp’s current full-year earnings is $1.70 per share.

Other research analysts have also recently issued reports about the stock. Piper Sandler decreased their price objective on shares of Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. StockNews.com raised shares of Pacific Premier Bancorp to a “sell” rating in a report on Friday, May 17th. Stephens lifted their price objective on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Raymond James upped their target price on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lowered their price target on Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.

Pacific Premier Bancorp Stock Up 2.1 %

Shares of NASDAQ:PPBI opened at $26.85 on Monday. The firm has a fifty day moving average price of $23.17 and a two-hundred day moving average price of $23.56. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 206.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.89. Pacific Premier Bancorp has a one year low of $17.86 and a one year high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $154.62 million during the quarter, compared to the consensus estimate of $162.23 million. Pacific Premier Bancorp’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, August 5th will be given a $0.33 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.32 annualized dividend and a yield of 4.92%. Pacific Premier Bancorp’s payout ratio is currently 1,015.46%.

Insider Activity

In other Pacific Premier Bancorp news, CFO Lori R. Wright sold 4,668 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $23.59, for a total transaction of $110,118.12. Following the completion of the sale, the chief financial officer now owns 31,259 shares of the company’s stock, valued at approximately $737,399.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PPBI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position 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 worth $13,250,000 after buying an additional 161,348 shares during the last quarter. Innealta Capital LLC purchased a new stake in Pacific Premier Bancorp in the second quarter worth $95,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Pacific Premier Bancorp by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,924 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 1,363 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $27,650,000 after purchasing an additional 16,038 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in shares of Pacific Premier Bancorp by 2.1% in 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 purchasing an additional 1,000 shares during the period. Hedge funds and other 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.