Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01, Briefing.com reports. The firm had revenue of $239.21 million during the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a return on equity of 6.92% and a net margin of 24.75%. During the same period last year, the company posted $0.66 EPS.
Pacific Premier Bancorp Price Performance
NASDAQ PPBI traded up $0.04 during trading on Friday, reaching $22.20. 70,761 shares of the company traded hands, compared to its average volume of 527,683. Pacific Premier Bancorp has a 1-year low of $17.53 and a 1-year high of $30.13. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 170.47 and a beta of 1.21. The stock’s 50 day moving average price is $23.02 and its two-hundred day moving average price is $24.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.90.
Pacific Premier Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.95%. The ex-dividend date is Friday, May 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 1,015.46%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Pacific Premier Bancorp
Insider Buying and Selling
In other news, Director Barbara Polsky bought 1,200 shares of the stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $23.92 per share, with a total value of $28,704.00. Following the acquisition, 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 through this link. 2.21% of the stock is owned by corporate insiders.
About Pacific Premier Bancorp
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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