Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01, Briefing.com reports. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. The firm had revenue of $239.21 million for the quarter, compared to the consensus estimate of $166.98 million. During the same quarter last year, the business posted $0.66 EPS.
Pacific Premier Bancorp Stock Performance
Shares of NASDAQ:PPBI traded down $0.46 during trading on Thursday, reaching $22.28. 118,470 shares of the stock were exchanged, compared to its average volume of 525,633. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Pacific Premier Bancorp has a 12 month low of $17.53 and a 12 month high of $30.13. The stock has a 50-day moving average price of $23.04 and a 200-day moving average price of $24.11. The firm has a market cap of $2.14 billion, a PE ratio of 73.20 and a beta of 1.21.
Pacific Premier Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Friday, May 3rd. Pacific Premier Bancorp’s dividend payout ratio is presently 440.00%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on PPBI
Insider Activity
In other Pacific Premier Bancorp news, Director Barbara Polsky purchased 1,200 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was bought at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the transaction, the director now owns 14,507 shares in the company, valued at $347,007.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.21% of the stock is owned by company insiders.
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.
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