Pacific Premier Bancorp, Inc PPBI Stock Price Today, Quote & News
Since then, PPBI shares have decreased by 29.5% and is now trading at $22.24. Pacific Premier Bancorp has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. The technique has proven to be very useful for finding positive surprises.
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Analyst Ratings Pacific Premier Bancorp Inc.
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Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues. Our Quantitative Research team models direct competitors or comparable companies from a bottom-up perspective to find companies describing their business in a similar fashion. LONDON — Pacific Premier Bancorp said it’s going to take a $2.1 million, or 34 cents a share, impairment charge on its investment in the Shay Asset Management AMF family of mutual funds as well as the recen… With that, I’ll turn the call over to Ron to provide a few more details on our first quarter financial results.
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Pacific Premier earnings missed by $0.03, revenue fell short of estimates
Steve Gardner has an approval rating of 47% among the company’s employees. This puts Steve Gardner in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023. 94.22% of the stock of Pacific Premier Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. The dividend payout ratio of Pacific Premier Bancorp is 45.05%.
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The combination of solid earnings and a smaller balance sheet further strengthened our risk-based capital ratios this quarter with all increasing significantly from December 31, 2022. In addition, our tangible common equity increased to 9.20% and our tangible book value per share increased to $19.61. Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, small business administration , and SBA paycheck protection program lo… At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
What’s your sense of kind of how long you kind of manage to that higher on balance sheet liquidity level versus kind of normalizing to where you were, say, at the end of the year. But certainly, I met you see in our investor slide deck, we highlight pretty significantly the strength of our capital where we rank compared to our peer group in the KRX. And so yes, we think that, that is an important differentiator for us. I know many of our clients who we’ve talked to and that our bankers have talked to find that very reassuring the strength of our capital position. And so we do see it benefiting us as we talk with various folks.
At the end of the first quarter, we had an aggregate of approximately $10 billion of liquidity available to us, representing an uninsured deposit coverage ratio of 1.7x. Our end of quarter liquidity consisted of over $1.4 billion of cash on hand and $8.6 billion of unused borrowing capacity. Notably, we paid down our FHLB borrowings by $200 million during the quarter, and we did not utilize the Federal Reserve discount window or the Federal Reserve’s new bank term funding program at any point during the quarter. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance. Pacific Premier Bancorp announced a quarterly dividend on Monday, April 24th. Investors of record on Monday, May 8th will be given a dividend of $0.33 per share on Monday, May 15th.
The Wall Street Journal
The 039 fullz 039 039 dumps 039 and extra here 039 s accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit. It also offers cash management, electronic banking, treasury management, and online bill payment services. The company was founded in 1983 and is headquartered in Irvine, California.
There doesn’t seem to be a real path, if you will, towards net loan growth from here to the end of the year. It seems like maybe later in the year, there’s some opportunity, but the way things lay out right now, it seems unlikely. I think over time that, that comes down, at the same time, we’re earning pretty good returns on cash today. I actually look like — or we actually look like we know what we’re doing in that regard. And it’s obviously paying in space with your balance sheet. Is it something you have to see in the economy for you to kind of flip the script because it would feel like you’ve got a position that others don’t have.
- Pacific Premier Bancorp does not have a long track record of dividend growth.
- Many of the loan origination trends in the first quarter were similar to the fourth quarter with muted borrower demand, coupled with our intentional moderation of loan growth.
- They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
- The company was founded in 1997 and is headquartered in Irvine, CA.
- Our customers are widely dispersed across a diverse set of established industries from both the depository and lending relationship perspective.
- That concludes our prepared remarks, and we would be happy to answer any questions.
We saw, obviously, following the Silicon Valley and Signature Bank announcements that weekend. A high volume of call activity from clients that week, we saw some levels of increased outflows mainly to treasuries and to a lesser extent, maybe some of the G-SIFIs. But by the end of that — by the following week that had really died down pretty significantly. And so I consider our flows here this the beginning of the second quarter. We’ve seen a little bit of outflow mainly due to tax payments and the like as well as to a lesser extent, again, those clients that are sitting on excess liquidity, redeploying that into higher treasuries.
The recent bank failures have highlighted the importance of sound enterprise risk management practices and providing stability through prudent and proactive capital and liquidity management. Pacific Premier Bancorp Inc share price live 22.24, this page displays NASDAQ PPBI stock exchange data. View the PPBI premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Pacific Premier Bancorp Inc real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the PPBI quote.
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Do the numbers hold clues to what lies ahead for the sto… Pacific Premier Bancorp delivered earnings and revenue surprises of -1.28% and 0.18%, respectively, for the quarter ended December 2022. Pacific Premier Bancorp doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Although the revenue and EPS for Pacific Premier Bancorp give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare w… All values as of most recently reported quarter unless otherwise noted. One share of PPBI stock can currently be purchased for approximately $22.24.
And as I stated, we’re going to be opportunistic in terms of trying to pay down higher funding costs when those opportunities arise. And the $300 million, more or less $100 million a quarter off of the securities portfolio. And given your presence up in the Pacific Northwest and First Republic having some presence there as well as, obviously, California.
- Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
- Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested.
- And so yes, we think that, that is an important differentiator for us.
- The reported revenue compares to the Zacks Consensus Estimate of $196.23 million, representing a surprise of -3.28%.
The core is 61, I believe, in the total deposit is $1.15 on a spot rate basis. Did you give the spot rate at the end of the period on total deposits. And then just from a kind of as you think about on balance sheet cash, cash liquidity running as many are a little bit higher.
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I mean, is there an opportunity to promote your capital ratios and try to get some of those deposits? I know it’s a little bit of a different model, but it does seem like there’s a lot of deposits up for grabs, even though most of it might be going to the larger banks. To help manage our liquidity position and customer deposit flows, we added another $324 million in term broker deposits, laddered across 3 to 18-month terms and $171 million of retail CDs during the quarter. This helped to increase cash on hand to $1.4 billion as of March 31 and provided additional interest rate protection should rates continue to move higher. Total loans held for investment declined $504 million, driven by lower loan fundings of $117 million.