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Pacific Premier Bancorp

Nasdaq:PPBI
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PPBI
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 75 days ago. More info.


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PPBI Share Price and Events
7 Day Returns
-0.6%
NasdaqGS:PPBI
-0%
US Banks
-1.2%
US Market
1 Year Returns
-20.4%
NasdaqGS:PPBI
-8%
US Banks
3.3%
US Market
PPBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pacific Premier Bancorp (PPBI) -0.6% -1.7% 2.9% -20.4% 25.7% 109.8%
US Banks -0% 2.7% -0.8% -8% 45.6% 46.1%
US Market -1.2% 0.8% 0.9% 3.3% 35.9% 41.7%
1 Year Return vs Industry and Market
  • PPBI underperformed the Banks industry which returned -8% over the past year.
  • PPBI underperformed the Market in United States of America which returned 3.3% over the past year.
Price Volatility
PPBI
Industry
5yr Volatility vs Market

PPBI Value

 Is Pacific Premier Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pacific Premier Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pacific Premier Bancorp.

NasdaqGS:PPBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $33.76 * 7.9%
$2.67
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $33.76
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PPBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (40.55%))
0.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.858 * 5.96%)
7.84%

Discounted Cash Flow Calculation for NasdaqGS:PPBI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Pacific Premier Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:PPBI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.9% – 7.84%) * $33.76)
$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.02 / (7.84% - 2.73%)
$0.45
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $33.76 + $0.45
$34.21
NasdaqGS:PPBI Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.21
Current discount Discount to share price of $30.09
= -1 x ($30.09 - $34.21) / $34.21
12%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pacific Premier Bancorp is available for.
Intrinsic value
12%
Share price is $30.09 vs Future cash flow value of $34.21
Current Discount Checks
For Pacific Premier Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pacific Premier Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Pacific Premier Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pacific Premier Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pacific Premier Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PPBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.31
NasdaqGS:PPBI Share Price ** NasdaqGS (2019-07-22) in USD $30.09
United States of America Banks Industry PE Ratio Median Figure of 595 Publicly-Listed Banks Companies 12.72x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pacific Premier Bancorp.

NasdaqGS:PPBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PPBI Share Price ÷ EPS (both in USD)

= 30.09 ÷ 2.31

13.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Premier Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Pacific Premier Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Pacific Premier Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:PPBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
9.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:PPBI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.05x ÷ 9.5%

1.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Premier Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pacific Premier Bancorp's assets?
Raw Data
NasdaqGS:PPBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $31.97
NasdaqGS:PPBI Share Price * NasdaqGS (2019-07-22) in USD $30.09
United States of America Banks Industry PB Ratio Median Figure of 595 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.79x
NasdaqGS:PPBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PPBI Share Price ÷ Book Value per Share (both in USD)

= 30.09 ÷ 31.97

0.94x

* Primary Listing of Pacific Premier Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Premier Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Pacific Premier Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Pacific Premier Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PPBI Future Performance

 How is Pacific Premier Bancorp expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pacific Premier Bancorp expected to grow at an attractive rate?
  • Pacific Premier Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pacific Premier Bancorp's earnings growth is positive but not above the United States of America market average.
  • Pacific Premier Bancorp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PPBI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PPBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 9.5%
NasdaqGS:PPBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PPBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PPBI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 508 169 5
2019-12-31 485 159 5
NasdaqGS:PPBI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 446 316 134
2018-12-31 415 299 123
2018-09-30 377 195 100
2018-06-30 330 146 92
2018-03-31 313 111 79
2017-12-31 270 84 60
2017-09-30 229 64 56
2017-06-30 200 81 45
2017-03-31 170 62 41
2016-12-31 163 63 40
2016-09-30 151 49 36
2016-06-30 140 42 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pacific Premier Bancorp's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • Pacific Premier Bancorp's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PPBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Pacific Premier Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PPBI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.72 2.80 2.64 6.00
2019-12-31 2.56 2.60 2.50 6.00
NasdaqGS:PPBI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.31
2018-12-31 2.29
2018-09-30 2.02
2018-06-30 2.09
2018-03-31 1.86
2017-12-31 1.59
2017-09-30 1.66
2017-06-30 1.47
2017-03-31 1.50
2016-12-31 1.49
2016-09-30 1.42
2016-06-30 1.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pacific Premier Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pacific Premier Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pacific Premier Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PPBI Past Performance

  How has Pacific Premier Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pacific Premier Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pacific Premier Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Pacific Premier Bancorp's 1-year earnings growth exceeds its 5-year average (70.2% vs 45.4%)
  • Pacific Premier Bancorp's earnings growth has exceeded the US Banks industry average in the past year (70.2% vs 37.8%).
Earnings and Revenue History
Pacific Premier Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pacific Premier Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PPBI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 445.88 133.71 198.10
2018-12-31 415.01 123.34 189.35
2018-09-30 377.50 99.87 174.92
2018-06-30 330.08 91.71 151.36
2018-03-31 312.93 78.58 140.91
2017-12-31 270.12 60.10 120.74
2017-09-30 229.32 55.88 103.36
2017-06-30 199.84 44.88 92.44
2017-03-31 169.86 41.07 79.79
2016-12-31 163.38 40.10 76.06
2016-09-30 150.68 36.22 70.32
2016-06-30 139.71 34.83 62.57
2016-03-31 128.93 32.28 57.79
2015-12-31 114.26 25.52 54.56
2015-09-30 106.21 21.34 51.39
2015-06-30 98.41 18.95 49.29
2015-03-31 87.90 15.77 45.84
2014-12-31 82.33 16.62 41.64
2014-09-30 77.77 16.93 41.77
2014-06-30 72.25 14.55 40.23
2014-03-31 68.81 9.65 38.82
2013-12-31 65.40 8.99 36.16
2013-09-30 61.92 8.60 33.21
2013-06-30 58.85 9.00 30.42
2013-03-31 55.63 15.06 28.60
2012-12-31 52.28 15.78 26.54
2012-09-30 47.76 14.52 24.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pacific Premier Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pacific Premier Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Pacific Premier Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Pacific Premier Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pacific Premier Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PPBI Health

 How is Pacific Premier Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Pacific Premier Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pacific Premier Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:PPBI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,007.06 721.04 185.35
2018-12-31 1,969.70 779.68 211.23
2018-09-30 1,916.38 976.07 273.46
2018-06-30 1,288.53 487.63 141.37
2018-03-31 1,261.91 591.43 135.41
2017-12-31 1,242.00 642.55 204.93
2017-09-30 981.66 462.63 126.38
2017-06-30 959.73 478.24 234.40
2017-03-31 471.03 380.78 104.46
2016-12-31 459.74 397.35 160.80
2016-09-30 449.97 205.57 107.85
2016-06-30 440.63 190.56 189.24
2016-03-31 428.89 195.27 197.46
2015-12-31 298.98 265.39 80.39
2015-09-30 290.77 261.79 102.76
2015-06-30 281.59 237.70 83.08
2015-03-31 273.25 413.74 178.37
2014-12-31 199.59 186.95 110.93
2014-09-30 197.86 265.87 103.63
2014-06-30 192.18 265.60 120.29
2014-03-31 188.86 105.82 124.42
2013-12-31 175.23 214.40 126.81
2013-09-30 171.15 96.78 61.42
2013-06-30 168.81 58.39 103.97
2013-03-31 157.59 54.50 99.46
2012-12-31 134.52 125.81 59.35
2012-09-30 99.89 85.81 58.24
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Pacific Premier Bancorp has an acceptable proportion of non-loan assets held.
  • Pacific Premier Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Pacific Premier Bancorp are broadly funded by customer deposits.
  • Pacific Premier Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Pacific Premier Bancorp has a sufficient allowance for bad loans.
  • Pacific Premier Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Pacific Premier Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pacific Premier Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PPBI Dividends

 What is Pacific Premier Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.92%
Current annual income from Pacific Premier Bancorp dividends. Estimated to be 2.88% next year.
If you bought $2,000 of Pacific Premier Bancorp shares you are expected to receive $58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pacific Premier Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Pacific Premier Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PPBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PPBI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.94 5.00
2019-12-31 0.79 5.00
NasdaqGS:PPBI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.880 2.935
2019-04-23 0.880 2.984
2019-03-01 0.880 3.132
2019-01-29 0.880 2.917

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Pacific Premier Bancorp has stable dividend payments.
  • Pacific Premier Bancorp only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Pacific Premier Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pacific Premier Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pacific Premier Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pacific Premier Bancorp has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PPBI Management

 What is the CEO of Pacific Premier Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Gardner
COMPENSATION $4,655,512
AGE 58
TENURE AS CEO 18.9 years
CEO Bio

Mr. Steven R. Gardner, also known as Steve, serves as Chairman, President and Chief Executive Officer of Pacific Premier Bancorp, Inc. and Chairman and Chief Executive Officer of its primary operating subsidiary Pacific Premier Bank. Since assuming the role of President and CEO in 2000, Mr. Gardner has transitioned Pacific Premier Bank from a troubled savings and loan association to a full-service commercial bank. Mr. Gardner has more than 30 years of experience as a commercial banking executive. He has extensive knowledge of all facets of financial institution management. Having completed 11 acquisitions of whole banks, specialty finance lines of business and FDIC failed banks; Mr. Gardner is an expert in all areas of mergers and acquisitions as well as capital market transactions. Prior to joining the Company, he was an executive officer of Hawthorne Financial Corporation since 1997, responsible for all credit administration and portfolio management. He has served in senior management positions at both commercial banks and thrift institutions. Mr. Gardner has served in various high-level roles in trade associations and organizations that serve the banking industry. Mr. Gardner has served on the Board of Directors of the Federal Reserve Bank of San Francisco since January 2013. Mr. Gardner formerly served on the Board of Directors of the Federal Home Loan Bank of San Francisco, and was the Chairman of the Finance Committee of the Federal Home Loan Bank of San Francisco. Mr. Gardner previously served as the Vice Chairman of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council, as a director and a member of the Executive Committee of the Independent Community Bankers of America (“ICBA”), and as a director of ICBA Holding Company and ICBA Securities, a registered broker-dealer. Mr. Gardner holds a B.A. from California State University, Fullerton and attended graduate school at California State University, Long Beach.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Pacific Premier Bancorp management team in years:

6.3
Average Tenure
53.5
Average Age
  • The average tenure for the Pacific Premier Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Gardner

TITLE
Chairman
COMPENSATION
$5M
AGE
58
TENURE
18.9 yrs

Ron Nicolas

TITLE
Senior EVP & CFO
COMPENSATION
$2M
AGE
60
TENURE
3.2 yrs

Lori Wright

TITLE
Executive VP & Chief Accounting Officer
AGE
39
TENURE
0.8 yrs

Steve Arnold

TITLE
Senior EVP
AGE
49

Mark Whalen

TITLE
Chief Lending Officer & Senior VP
TENURE
6.3 yrs

John Mangold

TITLE
First Vice President and Treasurer
AGE
43
TENURE
3.8 yrs

Jorge Díaz-Irizarry

TITLE
Vice President of Seal Beach Branch and Branch Manager of Seal Beach Branch
AGE
64
TENURE
15.3 yrs

Katherine Hage

TITLE
Vice President and Branch Manager of San Bernardino Banking Branch
TENURE
15.2 yrs

Diana Treadway

TITLE
Vice President of Newport Beach Branch and Branch Manager of Newport Beach Branch
TENURE
12.3 yrs

Dori Kagan

TITLE
Vice President and Relationship Manager
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Pacific Premier Bancorp board of directors in years:

3.3
Average Tenure
64
Average Age
  • The tenure for the Pacific Premier Bancorp board of directors is about average.
Board of Directors

Steve Gardner

TITLE
Chairman
COMPENSATION
$5M
AGE
58
TENURE
3.2 yrs

Jeff Jones

TITLE
Lead Independent Director
COMPENSATION
$136K
AGE
64
TENURE
3.2 yrs

Joe Garrett

TITLE
Director
COMPENSATION
$132K
AGE
70
TENURE
7.3 yrs

Zareh Sarrafian

TITLE
Director
COMPENSATION
$149K
AGE
55
TENURE
3.5 yrs

Michael Morris

TITLE
Director
COMPENSATION
$129K
AGE
73
TENURE
2.3 yrs

John Carona

TITLE
Director
COMPENSATION
$119K
AGE
63
TENURE
6.3 yrs

Cora Tellez

TITLE
Independent Director
COMPENSATION
$123K
AGE
69
TENURE
3.8 yrs

Ayad Fargo

TITLE
Director
COMPENSATION
$129K
AGE
58
TENURE
3.5 yrs

Chris Mitchell

TITLE
Director
COMPENSATION
$31K
AGE
64
TENURE
1 yrs

Jaynie Studenmund

TITLE
Director
AGE
65
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Mar 19 Sell Steven Gardner Individual 28. Feb 19 28. Feb 19 -43,535 $29.92 $-1,302,567
13. Dec 18 Buy Ronald Nicolas Individual 13. Dec 18 13. Dec 18 1,000 $26.72 $26,720
06. Dec 18 Buy Ronald Nicolas Individual 04. Dec 18 04. Dec 18 1,000 $28.73 $28,730
16. Nov 18 Buy Ronald Nicolas Individual 14. Nov 18 14. Nov 18 1,000 $29.39 $29,388
13. Sep 18 Sell Don Griffith Individual 10. Sep 18 10. Sep 18 -19,245 $40.02 $-770,185
31. Aug 18 Sell Simone Lagomarsino Individual 29. Aug 18 29. Aug 18 -7,828 $38.58 $-302,004
X
Management checks
We assess Pacific Premier Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pacific Premier Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PPBI News

Simply Wall St News

Should You Be Worried About Insider Transactions At Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)?

So we'll take a look at whether insiders have been buying or selling shares in Pacific Premier Bancorp, Inc. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Pacific Premier Bancorp The Last 12 Months Of Insider Transactions At Pacific Premier Bancorp Over the last year, we can see that the biggest insider sale was by the Chairman, Steven Gardner, for US$1.3m worth of shares, at about US$29.92 per share. … Over the last year we saw more insider selling of Pacific Premier Bancorp shares, than buying.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)?

The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility. … With a market capitalisation of US$1.9b, Pacific Premier Bancorp is a small cap stock. … What this means for you: Beta only tells us that the Pacific Premier Bancorp share price is sensitive to broader market movements.

Simply Wall St -

At US$28.41, Is It Time To Put Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) On Your Watch List?

Let’s take a look at Pacific Premier Bancorp’s outlook and value based on the most recent financial data to see if the opportunity still exists. … It’s trading around 18% below my intrinsic value, which means if you buy Pacific Premier Bancorp today, you’d be paying a fair price for it. … This is because Pacific Premier Bancorp’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

If You Had Bought Pacific Premier Bancorp (NASDAQ:PPBI) Stock Five Years Ago, You Could Pocket A 112% Gain Today

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Pacific Premier Bancorp achieved compound earnings per share (EPS) growth of 32% per year. … NasdaqGS:PPBI Past and Future Earnings, May 21st 2019 We know that Pacific Premier Bancorp has improved its bottom line lately, but is it going to grow revenue?

Simply Wall St -

Should You Be Pleased About The CEO Pay At Pacific Premier Bancorp, Inc.'s (NASDAQ:PPBI)

Steve Gardner became the CEO of Pacific Premier Bancorp, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steve Gardner's Compensation Compare With Similar Sized Companies?

Simply Wall St -

If You Like EPS Growth Then Check Out Pacific Premier Bancorp (NASDAQ:PPBI) Before It's Too Late

In contrast to all that, I prefer to spend time on companies like Pacific Premier Bancorp (NASDAQ:PPBI), which has not only revenues, but also profits. … Impressively, Pacific Premier Bancorp has grown EPS by 24% per year, compound, in the last three years. … Pacific Premier Bancorp maintained stable EBIT margins over the last year, all while growing revenue 54% to US$415m.

Simply Wall St -

Does Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Have A Good P/E Ratio?

To keep it practical, we'll show how Pacific Premier Bancorp, Inc.'s (NASDAQ:PPBI) P/E ratio could help you assess the value on offer. … Looking at earnings over the last twelve months, Pacific Premier Bancorp has a P/E ratio of 12.62. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Worried About Insider Transactions At Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)?

So we'll take a look at whether insiders have been buying or selling shares in Pacific Premier Bancorp, Inc. … Pacific Premier Bancorp Insider Transactions Over The Last Year. … In total, Pacific Premier Bancorp insiders sold more than they bought over the last year

Simply Wall St -

What You Must Know About Pacific Premier Bancorp, Inc.'s (NASDAQ:PPBI) Beta Value

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Three Understated Metrics For Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) You Should Know

As a small-cap bank stock with a market capitalisation of US$1.9b, Pacific Premier Bancorp, Inc.’s (NASDAQ:PPBI) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Pacific Premier Bancorp to vulnerabilities. … Today we will be measuring Pacific Premier Bancorp’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

PPBI Company Info

Description

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. Its loan products include commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; and credit facilities to Homeowners’ Associations (HOA) and HOA management companies. The company also offers cash management, electronic banking, and online bill payment services. It operates 44 full-service depository branches in the counties of Orange, Los Angeles, Riverside, San Bernardino, San Diego, San Luis Obispo, and Santa Barbara, California; Pima and Maricopa Counties, Arizona; Clark County, Nevada; and Clark County, Washington. Pacific Premier Bancorp, Inc. was founded in 1983 and is headquartered in Irvine, California.

Details
Name: Pacific Premier Bancorp, Inc.
PPBI
Exchange: NasdaqGS
Founded: 1983
$1,886,341,377
62,689,976
Website: http://www.ppbi.com
Address: Pacific Premier Bancorp, Inc.
17901 Von Karman Avenue,
Suite 1200,
Irvine,
California, 92614,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PPBI Common Stock Nasdaq Global Select US USD 25. Jun 1997
Number of employees
Current staff
Staff numbers
1,023
Pacific Premier Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 23:38
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.