Pacific Premier Bancorp (PPBI) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. PPBI reported $0.33 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.42. The company posted revenue of $45.00 million in the period, compared to analysts expectations of $43.46 million. PPBI’s revenue was up 44.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on Pacific Premier Bancorp. Pacific Premier Bancorp was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016.
Pacific Premier Bancorp closed down -0.1 points or -0.37% at $26.6 with 52,146 shares getting traded on Friday. Post opening the session at $26.65, the shares hit an intraday low of $26.35 and an intraday high of $26.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 22, 2016, Joseph L Garrett (director) purchased 600 shares at $26.70 per share price. According to the SEC, on Aug 8, 2016, Cora M Tellez (director) purchased 880 shares at $25.88 per share price. On Aug 5, 2016, Kenneth A Boudreau (director) purchased 1,500 shares at $24.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Pacific Premier Bancorp Inc. is a bank holding company. The Company’s wholly owned subsidiary Pacific Premier Bank (the Bank) is a California state-chartered commercial bank. The Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services including checking money market and savings accounts cash management services electronic banking services and online bill payment. The Bank also offers an array of loan products such as commercial business loans lines of credit small business administration loans warehouse credit facilities commercial real estate loans residential home loans construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of around 16 full-service depository branches in the counties of Los Angeles Orange Riverside San Bernardino and San Diego.