Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01, Briefing.com reports. The firm had revenue of $239.21 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.66 EPS.
Pacific Premier Bancorp Trading Down 0.1 %
Shares of NASDAQ:PPBI traded down $0.02 during mid-day trading on Friday, reaching $22.14. The stock had a trading volume of 113,354 shares, compared to its average volume of 528,058. The firm has a market cap of $2.12 billion, a PE ratio of 170.47 and a beta of 1.21. The firm has a 50 day simple moving average of $23.02 and a two-hundred 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 has a twelve month low of $17.53 and a twelve month high of $30.13.
Pacific Premier Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.96%. Pacific Premier Bancorp’s dividend payout ratio is 1,015.46%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on PPBI
Insider Activity at Pacific Premier Bancorp
In related news, Director Barbara Polsky bought 1,200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $23.92 per share, for a total transaction of $28,704.00. Following the acquisition, the director now owns 14,507 shares of the company’s stock, valued at approximately $347,007.44. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.21% of the stock is currently 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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