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 analysts’ consensus estimates of $0.48 by $0.01, Briefing.com reports. The business had revenue of $239.21 million for the quarter, compared to the consensus estimate of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same period in the previous year, the firm earned $0.66 EPS.
Pacific Premier Bancorp Price Performance
Shares of PPBI traded up $0.05 during trading hours on Friday, reaching $22.21. The company had a trading volume of 65,660 shares, compared to its average volume of 527,630. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 170.47 and a beta of 1.21. Pacific Premier Bancorp has a 12-month low of $17.53 and a 12-month high of $30.13. The firm has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $24.10. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18.
Pacific Premier Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 5.94%. Pacific Premier Bancorp’s payout ratio is currently 1,015.46%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Pacific Premier Bancorp
Insider Buying and Selling
In related news, Director Barbara Polsky bought 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $23.92 per share, with a total value of $28,704.00. Following the completion of the transaction, the director now owns 14,507 shares of the company’s stock, valued at $347,007.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.21% 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.
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