Pacific Premier Bancorp
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
1 Year Returns
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.
PPBI Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Pacific Premier Bancorp.
| 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.
| 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.
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Pacific Premier Bancorp's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Pacific Premier Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Pacific Premier Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Pacific Premier Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Pacific Premier Bancorp Company Filings, last reported 3 months ago.
| 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.
- 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%).
Financial health checks
We assess Pacific Premier Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Pacific Premier Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.94 | 5.00 |
| 2019-12-31 | 0.79 | 5.00 |
| 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.
Income/ dividend checks
We assess Pacific Premier Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
Chairman
$5M
58
18.9 yrs
Ron Nicolas
Senior EVP & CFO
$2M
60
3.2 yrs
Lori Wright
Executive VP & Chief Accounting Officer
39
0.8 yrs
Steve Arnold
Senior EVP
49
Mark Whalen
Chief Lending Officer & Senior VP
6.3 yrs
John Mangold
First Vice President and Treasurer
43
3.8 yrs
Jorge Díaz-Irizarry
Vice President of Seal Beach Branch and Branch Manager of Seal Beach Branch
64
15.3 yrs
Katherine Hage
Vice President and Branch Manager of San Bernardino Banking Branch
15.2 yrs
Diana Treadway
Vice President of Newport Beach Branch and Branch Manager of Newport Beach Branch
12.3 yrs
Dori Kagan
Vice President and Relationship Manager
6.3 yrs
Board of Directors Tenure
Average tenure and age of the Pacific Premier Bancorp board of directors in years:
- The tenure for the Pacific Premier Bancorp board of directors is about average.
Board of Directors
Steve Gardner
Chairman
$5M
58
3.2 yrs
Jeff Jones
Lead Independent Director
$136K
64
3.2 yrs
Joe Garrett
Director
$132K
70
7.3 yrs
Zareh Sarrafian
Director
$149K
55
3.5 yrs
Michael Morris
Director
$129K
73
2.3 yrs
John Carona
Director
$119K
63
6.3 yrs
Cora Tellez
Independent Director
$123K
69
3.8 yrs
Ayad Fargo
Director
$129K
58
3.5 yrs
Chris Mitchell
Director
$31K
64
1 yrs
Jaynie Studenmund
Director
65
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Pacific Premier Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWhat 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 - – Full articleAt 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 - – Full articleIf 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 - – Full articleShould 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 - – Full articleIf 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 - – Full articleDoes 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 - – Full articleShould 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 - – Full articleWhat 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 - – Full articleThree 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 - – Full articlePPBI 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
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.
