Pacific Premier Bancorp
Market Cap
US$4.3b
Last Updated
2021/05/13 22:20 UTC
Data Sources
Company Financials +
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 and slightly overvalued.
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 not significantly more volatile than the rest 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.
Market Performance
7 Day Return
-2.5%
PPBI
-0.3%
US Banks
-2.8%
US Market
1 Year Return
166.5%
PPBI
93.4%
US Banks
49.0%
US Market
Return vs Industry: PPBI exceeded the US Banks industry which returned 94.7% over the past year.
Return vs Market: PPBI exceeded the US Market which returned 49.4% over the past year.
Shareholder returns
| PPBI | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -0.3% | -2.8% |
| 30 Day | 7.9% | 6.2% | -2.6% |
| 90 Day | 19.0% | 19.1% | -1.5% |
| 1 Year | 176.9%166.5% | 99.2%93.4% | 51.5%49.0% |
| 3 Year | 18.5%8.5% | 28.3%17.3% | 58.2%48.3% |
| 5 Year | 114.5%96.4% | 113.1%86.2% | 123.8%98.9% |
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
3 days ago | Simply Wall St
Shareholders May Not Be So Generous With Pacific Premier Bancorp, Inc.'s (NASDAQ:PPBI) CEO Compensation And Here's Why1 month ago | Simply Wall St
If You Had Bought Pacific Premier Bancorp (NASDAQ:PPBI) Stock A Year Ago, You Could Pocket A 116% Gain Today2 months ago | Simply Wall St
Have Insiders Sold Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Recently?Valuation
Is Pacific Premier Bancorp undervalued compared to its fair value and its price relative to the market?
27.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PPBI ($45.41) is trading below our estimate of fair value ($62.78)
Significantly Below Fair Value: PPBI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPBI is poor value based on its PE Ratio (39.1x) compared to the US Banks industry average (11.9x).
PE vs Market: PPBI is poor value based on its PE Ratio (39.1x) compared to the US market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: PPBI is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: PPBI is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.1x).
Future Growth
How is Pacific Premier Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
14.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPBI's forecast earnings growth (14.9% per year) is above the savings rate (2%).
Earnings vs Market: PPBI's earnings (14.9% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: PPBI's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPBI's revenue (8.9% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: PPBI's revenue (8.9% 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%).
Past Performance
How has Pacific Premier Bancorp performed over the past 5 years?
17.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPBI has a large one-off loss of $47.4M impacting its March 31 2021 financial results.
Growing Profit Margin: PPBI's current net profit margins (18.9%) are lower than last year (31.7%).
Past Earnings Growth Analysis
Earnings Trend: PPBI's earnings have grown by 17.3% 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 (-29.7%) over the past year, making it difficult to compare to the Banks industry average (17.9%).
Return on Equity
High ROE: PPBI's Return on Equity (3.8%) is considered low.
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 (7.5x) is low.
Allowance for Bad Loans: PPBI has a sufficient allowance for bad loans (686%).
Low Risk Liabilities: 96% 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 (64%).
Low Risk Deposits: PPBI's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: PPBI has an appropriate level of bad loans (0.3%).
Dividend
What is Pacific Premier Bancorp current dividend yield, its reliability and sustainability?
2.91%
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 (1.28%).
High Dividend: PPBI's dividend (2.91%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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 (99.8%), PPBI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.2yrs
Average management tenure
CEO
Steve Gardner (59 yo)
20.75yrs
Tenure
US$5,127,540
Compensation
Mr. Steven R. Gardner, also known as Steve, serves as Chairman since May 2016, President, Chief Executive Officer and Director since 2000 of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI). He serves as Chair...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD5.13M) is about average for companies of similar size in the US market ($USD5.40M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PPBI's management team is seasoned and experienced (8.2 years average tenure).
Board Members
Experienced Board: PPBI's board of directors are considered experienced (5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PPBI insiders have sold more shares than they have bought 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 57.8%.
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$4.298b
- Shares outstanding: 94.65m
- 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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 22:20 |
| End of Day Share Price | 2021/05/13 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.