Pacific Premier Bancorp: Downgrading To Hold, Expecting Earnings To Decline [Seeking Alpha]
Pacific Premier Bancorp Inc (PPBI)
Last pacific premier bancorp inc earnings: 4/28 06:00 am
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Source: Seeking Alpha
The margin will likely continue to rise thanks to the management's balance sheet repositioning strategy. The December 2024 target price suggests a small upside from the current market price. PPBI is offering a high dividend yield of over 5%. The earnings outlook does not threaten the dividend payout. Earnings of Pacific Premier Bancorp, Inc. ( NASDAQ: PPBI ) will most probably decline this year because the average loan balance will be lower in 2024 compared to 2023. I'm expecting the company to report earnings of $1.81 per share for 2024, down 20% from last year's adjusted earnings. PPBI is offering quite an attractive dividend yield of over 5%. However, the December 2024 target price is close to the current market price, implying a small upside. Following the strong stock price rally over the last few months, I'm downgrading Pacific Premier Bancorp to a Hold rating. Further Balance Sheet Repositioning to Keep the Margin on an Uptrend Pacific Premier Bancorp reported a larg
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News
- Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) had its price target lowered by analysts at DA Davidson from $32.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $25.00 price target on the stock, down previously from $29.00.MarketBeat
- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $29.00 to $27.00. They now have a "market perform" rating on the stock.MarketBeat
- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $25.00 price target on the stock.MarketBeat
PPBI
Earnings
- 4/24/24 - Beat
PPBI
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/2/24 - Form 4
- PPBI's page on the SEC website