Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 1/6 |
Past Performance | 5/6 |
Financial Health | 6/6 |
Dividends | 3/6 |
PPBI Stock Overview
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.
Pacific Premier Bancorp Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$29.33 |
52 Week High | US$45.25 |
52 Week Low | US$27.92 |
Beta | 1.19 |
1 Month Change | -10.53% |
3 Month Change | -19.53% |
1 Year Change | -31.79% |
3 Year Change | -5.02% |
5 Year Change | -20.52% |
Change since IPO | -56.55% |
Recent News & Updates
Pacific Premier Bancorp's (NASDAQ:PPBI) Dividend Will Be US$0.33
The board of Pacific Premier Bancorp, Inc. ( NASDAQ:PPBI ) has announced that it will pay a dividend of US$0.33 per...
Shareholder Returns
PPBI | US Banks | US Market | |
---|---|---|---|
7D | 3.2% | 3.7% | 6.6% |
1Y | -31.8% | -17.7% | -18.4% |
Return vs Industry: PPBI underperformed the US Banks industry which returned -17.7% over the past year.
Return vs Market: PPBI underperformed the US Market which returned -18.4% over the past year.
Price Volatility
PPBI volatility | |
---|---|
PPBI Average Weekly Movement | 4.9% |
Banks Industry Average Movement | 3.8% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.6% |
10% least volatile stocks in US Market | 3.2% |
Stable Share Price: PPBI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PPBI's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1983 | 1,520 | Steve Gardner | https://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. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, small business administration (SBA), and SBA paycheck protection program loans; revolving lines or credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and savings account secured loans and auto loans.
Pacific Premier Bancorp Fundamentals Summary
PPBI fundamental statistics | |
---|---|
Market Cap | US$2.79b |
Earnings (TTM) | US$334.59m |
Revenue (TTM) | US$844.64m |
8.3x
P/E Ratio1.0x
P/B RatioIs PPBI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
PPBI income statement (TTM) | |
---|---|
Revenue | US$844.64m |
Cost of Revenue | US$0 |
Gross Profit | US$844.64m |
Other Expenses | US$510.06m |
Earnings | US$334.59m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 3.52 |
Gross Margin | 100.00% |
Net Profit Margin | 39.61% |
Debt/Equity Ratio | 33.6% |
How did PPBI perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield37%
Payout RatioValuation
Is PPBI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PPBI?
Other financial metrics that can be useful for relative valuation.
What is PPBI's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$2.79b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does PPBI's PE Ratio compare to its peers?
PPBI PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 12.8x | ||
ABCB Ameris Bancorp | 8.6x | 5.4% | US$2.9b |
FBP First BanCorp | 8.8x | 1.8% | US$2.6b |
SI Silvergate Capital | 22.9x | 41.9% | US$2.0b |
CBCY.B Central Bancompany | 10.9x | n/a | US$2.7b |
PPBI Pacific Premier Bancorp | 8.3x | 4.2% | US$2.8b |
Price-To-Earnings vs Peers: PPBI is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (12.8x).
Price to Earnings Ratio vs Industry
How does PPBI's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: PPBI is good value based on its Price-To-Earnings Ratio (8.3x) compared to the US Banks industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is PPBI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 8.3x |
Fair PE Ratio | 12.6x |
Price-To-Earnings vs Fair Ratio: PPBI is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).
Share Price vs Fair Value
What is the Fair Price of PPBI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PPBI ($29.33) is trading below our estimate of fair value ($72.26)
Significantly Below Fair Value: PPBI is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: PPBI is poor value based on its PEG Ratio (2x)
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Future Growth
How is Pacific Premier Bancorp forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
4.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPBI's forecast earnings growth (4.2% per year) is above the savings rate (1.9%).
Earnings vs Market: PPBI's earnings (4.2% per year) are forecast to grow slower than the US market (13.9% per year).
High Growth Earnings: PPBI's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPBI's revenue (6.2% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: PPBI's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PPBI's Return on Equity is forecast to be low in 3 years time (10.3%).
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Past Performance
How has Pacific Premier Bancorp performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
33.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPBI has high quality earnings.
Growing Profit Margin: PPBI's current net profit margins (39.6%) are higher than last year (18.9%).
Past Earnings Growth Analysis
Earnings Trend: PPBI's earnings have grown significantly by 33.7% per year over the past 5 years.
Accelerating Growth: PPBI's earnings growth over the past year (227.9%) exceeds its 5-year average (33.7% per year).
Earnings vs Industry: PPBI earnings growth over the past year (227.9%) exceeded the Banks industry 20.7%.
Return on Equity
High ROE: PPBI's Return on Equity (12.1%) is considered low.
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Financial Health
How is Pacific Premier Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: PPBI's Assets to Equity ratio (7.8x) is low.
Allowance for Bad Loans: PPBI has a sufficient allowance for bad loans (357%).
Low Risk Liabilities: 94% of PPBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: PPBI has an appropriate level of Loans to Assets ratio (67%).
Low Risk Deposits: PPBI's Loans to Deposits ratio (82%) is appropriate.
Level of Bad Loans: PPBI has an appropriate level of bad loans (0.4%).
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Dividend
What is Pacific Premier Bancorp current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PPBI's dividend (4.5%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: PPBI's dividend (4.5%) is in the top 25% of dividend payers in the US market (4.24%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PPBI has been paying a dividend for less than 10 years.
Growing Dividend: PPBI's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.9%), PPBI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Steve Gardner (60 yo)
21.83yrs
Tenure
US$7,054,109
Compensation
Mr. Steven R. Gardner, also known as Steve, serves as Chairman since May 2016, President, Chief Executive Officer and Director since 2000 of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI). He serves as Chair...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD7.05M) is about average for companies of similar size in the US market ($USD6.88M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: PPBI's management team is seasoned and experienced (9.3 years average tenure).
Board Members
Experienced Board: PPBI's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Pacific Premier Bancorp, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Pacific Premier Bancorp, Inc.
- Ticker: PPBI
- Exchange: NasdaqGS
- Founded: 1983
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$2.786b
- Shares outstanding: 94.98m
- Website: https://www.ppbi.com
Number of Employees
Location
- Pacific Premier Bancorp, Inc.
- 17901 Von Karman Avenue
- Suite 1200
- Irvine
- California
- 92614
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/26 00:00 |
End of Day Share Price | 2022/06/24 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.