Pacific Premier Bancorp Inc (NASDAQ:PPBI) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PPBI to report 3Q20 income of $ 0.52 per share.
For the full year, analysts anticipate top line of $ 564.82 million, while looking forward to income of $ 0.06 per share bottom line.
Previous Quarter Performance
Pacific Premier Bancorp Inc revealed loss for the second quarter of $ 1.41 per share, from the revenue of $ 137.19 million. The quarterly revenues swell 24.00 percent compared with the same quarter last year. Wall street analysts are predicting, PPBI to report 2Q20 loss of $ 0.61 per share from revenue of $ 129.94 million. The bottom line results missed street analysts by $ 0.8 or 131.15 percent, at the same time, top line results outshined analysts by $ 7.25 million or 5.58 percent.
Stock Performance
Shares of Pacific Premier Bancorp Inc traded up $ 0.33 or 1.24 percent on Friday, reaching $ 26.62 with volume of 418.60 thousand shares. Pacific Premier Bancorp Inc has traded high as $ 26.87 and has cracked $ 26.24 on the downward trend
According to the previous trading day, closing price of $ 26.62, representing a 88.80 % increase from the 52 week low of $ 13.93 and a 24.64 % decrease over the 52 week high of $ 34.90.
The company has a market capital of $ 2.51 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Overweight rating, with $ 29.00 target price.
Conference Call
Pacific Premier Bancorp Inc will be hosting a conference call at 12:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ppbi.com
Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
