Stephens & Co. downgraded Pacific Premier Bancorp from Overweight to Equal-Weight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2024 | $26.00 → $29.00 | Strong Buy → Outperform | Raymond James |
| 7/7/2022 | $41.00 → $35.00 | Outperform → Strong Buy | Raymond James |
| 1/25/2022 | $50.00 → $45.00 | Overweight → Equal-Weight | Stephens |
| 1/25/2022 | Overweight → Equal-Weight | Stephens & Co. | |
| 10/7/2021 | $45.00 → $47.00 | Strong Buy → Outperform | Raymond James |
| 7/28/2021 | $49.00 → $45.00 | Strong Buy | Raymond James |
TACOMA, Wash., April 23, 2025 /PRNewswire/ -- $87 million $140 million $0.41 $0.67 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our consistent, repeatable performance in 2024 carried through to the first quarter of 2025," said Clint Stein, President and CEO. "Although the global environment is rife with uncertainty, our operations remain steadfast. Our consistent approach to banking is a key contributor to Columbia's success through business and credit cycles, and our teams' dedication to fo
First Quarter 2025 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.80% Net interest margin expanded 4 bps to 3.06% Average cost of deposits decreased 14 bps to 1.65%, and spot cost of deposits of 1.61% Non-maturity deposits(1) increased $247.0 million to $12.60 billion, or 85.9% of total deposits Non-interest bearing deposits increased $210.1 million to $4.83 billion, or 32.9% of total deposits Total delinquency of 0.02% of loans held for investment Nonperforming assets to total assets of 0.15%, net loan recoveries of $343,000 Tangible book value per share(1) increased to $20.98 Common equity tier 1 capital ratio of 16.99%, a
Natural Combination of the Western Region's Leading Business Banks Builds Market Presence and Drives Financial Performance TACOMA, Wash. and IRVINE, Calif., April 23, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Umpqua Bank, and Pacific Premier Bancorp, Inc. ("Pacific Premier") (Nasdaq: PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced today that they have entered into a definitive merger agreement, pursuant to which Columbia will acquire Pacific Premier in an all-stock transaction. The combined company will have approximately $70 billion in assets and will be a market leader in the largest banki
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
TACOMA, Wash., April 23, 2025 /PRNewswire/ -- $87 million $140 million $0.41 $0.67 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our consistent, repeatable performance in 2024 carried through to the first quarter of 2025," said Clint Stein, President and CEO. "Although the global environment is rife with uncertainty, our operations remain steadfast. Our consistent approach to banking is a key contributor to Columbia's success through business and credit cycles, and our teams' dedication to fo
First Quarter 2025 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.80% Net interest margin expanded 4 bps to 3.06% Average cost of deposits decreased 14 bps to 1.65%, and spot cost of deposits of 1.61% Non-maturity deposits(1) increased $247.0 million to $12.60 billion, or 85.9% of total deposits Non-interest bearing deposits increased $210.1 million to $4.83 billion, or 32.9% of total deposits Total delinquency of 0.02% of loans held for investment Nonperforming assets to total assets of 0.15%, net loan recoveries of $343,000 Tangible book value per share(1) increased to $20.98 Common equity tier 1 capital ratio of 16.99%, a
Natural Combination of the Western Region's Leading Business Banks Builds Market Presence and Drives Financial Performance TACOMA, Wash. and IRVINE, Calif., April 23, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Umpqua Bank, and Pacific Premier Bancorp, Inc. ("Pacific Premier") (Nasdaq: PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced today that they have entered into a definitive merger agreement, pursuant to which Columbia will acquire Pacific Premier in an all-stock transaction. The combined company will have approximately $70 billion in assets and will be a market leader in the largest banki
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
10-Q - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
425 - PACIFIC PREMIER BANCORP INC (0001028918) (Subject)
Raymond James downgraded Pacific Premier from Strong Buy to Outperform and set a new price target of $29.00 from $26.00 previously
Raymond James upgraded Pacific Premier from Outperform to Strong Buy and set a new price target of $35.00 from $41.00 previously
Stephens downgraded Pacific Premier from Overweight to Equal-Weight and set a new price target of $45.00 from $50.00 previously
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank," and together with Pacific Premier, the "Company") announced today the appointment of Stephanie Hsieh as a director of both Pacific Premier and the Bank, effective as of July 29, 2022. "We are excited to add Stephanie to our Board of Directors," said Steve Gardner, Chairman, Chief Executive Officer and President of Pacific Premier. "Stephanie brings nearly 30 years of experience in the highly-regulated biopharmaceutical and biotechnology industries. Her impressive skillset includes executive management, enterprise risk management, corporate strategy, legal and regulatory
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank," and together with Pacific Premier, the "Company"), announced today the appointment of Rose McKinney-James as a director of both Pacific Premier and the Bank, effective as of March 28, 2022. In addition, Pacific Premier announced today the issuance of the Company's inaugural Corporate Social Responsibility Report. Director Appointment "We are excited to add Rose to our Board of Directors," said Steve Gardner, Chairman, Chief Executive Officer, and President of Pacific Premier. "She brings more than two decades of experience as a public company director and has significa
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) today announced the appointment of George M. Pereira as a director of both Pacific Premier Bancorp, Inc. (the "Company") and Pacific Premier Bank (the "Bank"), the Company's wholly-owned bank subsidiary, effective August 16, 2021. Mr. Pereira's leadership in the financial services industry spans over 30 years. He is a retired Chief Operating Officer and Chief Financial Officer of Charles Schwab Investment Management Inc., a provider of portfolio management, advisory and administrative services to the Schwab mutual and exchange traded funds. Mr. Pereira has accepted appointments to serve on the Audit and Enterprise Risk Committees of the Company'
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