Pacific Premier Bancorp Inc (NASDAQ:PPBI) is set to announce second quarter earning results on Monday 27th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PPBI to report 2Q20 loss of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 591.25 million, while looking forward to income of $ 0.89 per share bottom line.
Previous Quarter Performance
Pacific Premier Bancorp Inc announced income for the first quarter of $ 0.43 per share, from the revenue of $ 123.65 million. The quarterly earnings lowered 30.65 percent while revenues raised 10.99 percent compared with the same quarter last year.
Wall street analysts are predicting, PPBI to report 1Q20 income of $ 0.47 per share from revenue of $ 107.98 million. The bottom line results missed street analysts by $ 0.04 or 8.51 percent, at the same time, top line results outshined analysts by $ 15.67 million or 14.51 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PPBI was $ 21.08, representing a 51.33 % increase from the 52 week low of $ 13.93 and a 39.6 % decrease over the 52 week high of $ 34.90.
The company has a market capital of $ 1.99 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 24, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on May 8, 2020, with payment date of May 15, 2020 and ex-dividend date on May 7, 2020.
Conference Call
Pacific Premier Bancorp Inc will be hosting a conference call at 12:00 PM eastern time on 27th July 2020, to discuss its 2Q20 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.
