Pacific Premier Bancorp (PPBI) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Pacific Premier Bancorp (PPBI) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.38 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.42. Analysts expectations of $42.32 million.

Many Wall Street Analysts have commented on Pacific Premier Bancorp. FBR Capital Initiated Pacific Premier Bancorp on Jul 1, 2016 to “Outperform”, Price Target of the shares are set at $28.

Pacific Premier Bancorp (PPBI) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $25.89 and reached the intraday high at $26.05. The bulls started the profit booking and pushed the shares to intraday low of $25.71. The trading session was marked by a volume range of 1,36,325 shares exchanging hands. The 52-week high of the shares is $26.05 and the 52-week low is $16.9. The market cap of the company stands at $713 M and there are 2,75,48,233 shares in public circulation.

In a different news, on May 23, 2016, Joseph L Garrett (director) purchased 600 shares at $23.62 per share price. According to the SEC, on Mar 1, 2016, Tom Rice (COO) purchased 600 shares at $21.48 per share price. On Mar 1, 2016, Kenneth A Boudreau (director) purchased 1,000 shares at $21.00 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.

Pacific Premier Bancorp

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