NasdaqGS:PPBI

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Pacific Premier Bancorp

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Pacific Premier Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

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 has decreased from 10% to 5% over the past year.


Market Performance


7 Day Return

2.3%

PPBI

0.2%

US Banks

-2.4%

US Market


1 Year Return

64.2%

PPBI

27.7%

US Banks

31.2%

US Market

Return vs Industry: PPBI exceeded the US Banks industry which returned 22% over the past year.

Return vs Market: PPBI exceeded the US Market which returned 29.4% over the past year.


Shareholder returns

PPBIIndustryMarket
7 Day2.3%0.2%-2.4%
30 Day17.5%15.1%-3.0%
90 Day37.0%23.6%3.2%
1 Year71.7%64.2%32.3%27.7%34.1%31.2%
3 Year-0.3%-8.0%13.7%3.9%48.1%38.6%
5 Year110.8%94.4%102.6%76.8%116.5%92.3%

Long-Term Price Volatility Vs. Market

How volatile is Pacific Premier Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pacific Premier Bancorp undervalued compared to its fair value and its price relative to the market?

18.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PPBI ($41.28) is trading below our estimate of fair value ($50.74)

Significantly Below Fair Value: PPBI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PPBI is poor value based on its PE Ratio (54.9x) compared to the US Banks industry average (12.8x).

PE vs Market: PPBI is poor value based on its PE Ratio (54.9x) compared to the US market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: PPBI is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: PPBI is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).


Next Steps

Future Growth

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

51.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPBI's forecast earnings growth (51.1% per year) is above the savings rate (2%).

Earnings vs Market: PPBI's earnings (51.1% per year) are forecast to grow faster than the US market (19.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PPBI's revenue (22.9% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: PPBI's revenue (22.9% per year) is forecast to grow faster 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 (9.1%).


Next Steps

Past Performance

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

20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPBI has a large one-off loss of $49.1M impacting its December 31 2020 financial results.

Growing Profit Margin: PPBI's current net profit margins (13.1%) are lower than last year (33.1%).


Past Earnings Growth Analysis

Earnings Trend: PPBI's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: PPBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PPBI had negative earnings growth (-62.3%) over the past year, making it difficult to compare to the Banks industry average (0.5%).


Return on Equity

High ROE: PPBI's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PPBI's Assets to Equity ratio (7.2x) is low.

Allowance for Bad Loans: PPBI has a sufficient allowance for bad loans (918%).

Low Risk Liabilities: 95% 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 (66%).

Low Risk Deposits: PPBI's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: PPBI has an appropriate level of bad loans (0.2%).


Next Steps

Dividend

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

2.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PPBI's dividend (2.91%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: PPBI's dividend (2.91%) is low compared to the top 25% of dividend payers in the US market (3.69%).


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 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (143.6%), PPBI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PPBI's dividends in 3 years are forecast to be well covered by earnings (47.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.0yrs

Average management tenure


CEO

Steve Gardner (59 yo)

20.58yrs

Tenure

US$5,279,253

Compensation

Mr. Steven R. Gardner, also known as Steve, serves as Chairman, President and Chief Executive Officer of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) and Chairman and Chief Executive Officer of its primary...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD5.28M) is about average for companies of similar size in the US market ($USD4.96M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Gardner
Chairman20.58yrsUS$5.28m0.41%
$ 15.9m
Ronald Nicolas
Senior EVP & CFO4.83yrsUS$1.83m0.076%
$ 2.9m
Mark Whalen
Chief Lending Officer & Senior VP8yrsno datano data
Lori Wright
Executive VP & Deputy CFOno datano data0.019%
$ 722.4k
Brett Villaume
Senior VP & Director of Investor Relationsno datano datano data
John Mangold
First Vice President and Treasurer5.5yrsno datano data
Steven Arnold
Corporate Secretaryno datano data0.018%
$ 700.3k
Jorge Díaz-Irizarry
Vice President of Seal Beach Branch and Branch Manager of Seal Beach Branch17yrsno datano data
Katherine Hage
Vice President and Branch Manager of San Bernardino Banking Branch16.83yrsno datano data
Diana Treadway
Vice President of Newport Beach Branch and Branch Manager of Newport Beach Branch14yrsno datano data
Dori Kagan
Vice President and Relationship Manager8yrsno datano data

11.0yrs

Average Tenure

54yo

Average Age

Experienced Management: PPBI's management team is seasoned and experienced (11 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Gardner
Chairman20.58yrsUS$5.28m0.41%
$ 15.9m
Barbara Polsky
Independent Director1.83yrsUS$21.86k0.0037%
$ 144.4k
Cora Tellez
Independent Director5.42yrsUS$106.40k0.023%
$ 906.2k
Jaynie Studenmund
Independent Director1.83yrsUS$21.95k0.0037%
$ 144.4k
M. Mitchell
Independent Director2.67yrsUS$122.21k0.023%
$ 889.8k
Joseph Garrett
Independent Director9yrsUS$112.14k0.087%
$ 3.4m
Jeffrey Jones
Lead Independent Director4.83yrsUS$135.75k0.14%
$ 5.4m
Zareh Sarrafian
Independent Director5.17yrsUS$151.37k0.030%
$ 1.2m
Ayad Fargo
Independent Director5.17yrsUS$129.10k0.32%
$ 12.5m
Richard Thomas
Director0.75yrno data0.0098%
$ 382.2k

4.8yrs

Average Tenure

65yo

Average Age

Experienced Board: PPBI's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PPBI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 58.3%.


Top Shareholders

Company Information

Pacific Premier Bancorp, Inc.'s company bio, 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
  • Market Cap: US$3.892b
  • Shares outstanding: 94.29m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PPBINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1997

Biography

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....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 23:46
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.