Wedbush Reiterates Neutral on Pacific Premier Bancorp, Maintains $25 Price Target
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Wedbush analyst David Chiaverini reiterates Pacific Premier Bancorp (NASDAQ:PPBI) with a Neutral and maintains $25 price target.
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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 |
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
Third Quarter 2024 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.79% Pre-provision net revenue ("PPNR")(1) to average assets of 1.06%, annualized Net interest margin of 3.16% Average cost of deposits of 1.84%, and spot cost of deposits of 1.80% Non-maturity deposits(1) to total deposits of 84.30% Non-interest bearing deposits totaled 32.0% of total deposits Total delinquency of 0.08% of loans held for investment Nonperforming assets to total assets of 0.22% Tangible book value per share(1) increased $0.23 from the prior quarter to $20.81 Common equity tier 1 capital ratio of 16.83%, and total risk-based capital ratio of 2
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. Pacific Premier will also host a conference call at 9:00 a.m. PT / 12:00 p.m. ET that day to discuss its financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the Webcasts page of Pacific Premier's investor relations website, and an archived version of the webcast will be available in the same location shortly after the live call has ended. Conference Call, Webcast and
Second Quarter 2024 Summary Net income of $41.9 million, or $0.43 per diluted share Return on average assets of 0.90% Pre-provision net revenue ("PPNR")(1) to average assets of 1.23%, annualized Net interest margin of 3.26% Cost of deposits of 1.73%, and cost of non-maturity deposits(1) of 1.17% Non-maturity deposits(1) to total deposits of 83.66% Non-interest bearing deposits totaled 31.6% of total deposits Total delinquency of 0.14% of loans held for investment Nonperforming assets to total assets of 0.28% Tangible book value per share(1) increased $0.25 from the prior quarter to $20.58 Common equity tier 1 capital ratio of 15.89%, and total risk-based cap
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'
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company") today announced that Rose McKinney-James, who serves as a director of both the Company and its wholly-owned bank subsidiary Pacific Premier Bank (the "Bank"), has been honored with the 2024 Clean Energy Education & Empowerment Lifetime Achievement Award by the U.S. Department of Energy. The 2024 Clean Energy Education & Empowerment (C3E) Awards, honored nine women for outstanding leadership and accomplishments in clean energy. According to the U.S. Department of Energy, "The 2024 C3E Awardees are influential leaders shaping the clean energy landscape by advancing equitable and affordable access, broadening markets, spearheading inn
Third Quarter 2024 Summary Net income of $36.0 million, or $0.37 per diluted share Return on average assets of 0.79% Pre-provision net revenue ("PPNR")(1) to average assets of 1.06%, annualized Net interest margin of 3.16% Average cost of deposits of 1.84%, and spot cost of deposits of 1.80% Non-maturity deposits(1) to total deposits of 84.30% Non-interest bearing deposits totaled 32.0% of total deposits Total delinquency of 0.08% of loans held for investment Nonperforming assets to total assets of 0.22% Tangible book value per share(1) increased $0.23 from the prior quarter to $20.81 Common equity tier 1 capital ratio of 16.83%, and total risk-based capital ratio of 2
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the "Company" or "Pacific Premier") announced it has helped to relieve $1 million in medical debt for more than 300 veterans, through a partnership with ForgiveCo, a public benefit corporation that purchases large debt portfolios at a fraction of the original cost. Pacific Premier's partnership with ForgiveCo represents a one-time initiative to eliminate the debt of 322 veterans who, on average, hold $3,105 in medical debt. Through ForgiveCo's vast industry knowledge, the organization purchases large debt portfolios for pennies on the dollar, creating up to a 50x impact. The service is completely free to the debt relief recipient. In addition to
Wedbush analyst David Chiaverini maintains Pacific Premier Bancorp (NASDAQ:PPBI) with a Neutral and raises the price target from $23 to $25.
Pacific Premier Bancorp (NASDAQ:PPBI) reported quarterly earnings of $0.43 per share which met the analyst consensus estimate. This is a 28.33 percent decrease over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $154.616 million which beat the analyst consensus estimate of $145.769 million by 6.07 percent. This is a 14.40 percent decrease over sales of $180.631 million the same period last year.
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
4 - PACIFIC PREMIER BANCORP INC (0001028918) (Issuer)
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
10-Q - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
8-K - PACIFIC PREMIER BANCORP INC (0001028918) (Filer)
SC 13G - PACIFIC PREMIER BANCORP INC (0001028918) (Subject)
SC 13G - PACIFIC PREMIER BANCORP INC (0001028918) (Subject)
SC 13G/A - PACIFIC PREMIER BANCORP INC (0001028918) (Subject)