NasdaqGS:PPBI

Stock Analysis Report

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


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


Market Performance


7 Day Return

1.4%

NasdaqGS:PPBI

0.3%

US Banks

0.9%

US Market


1 Year Return

-25.3%

NasdaqGS:PPBI

-13.6%

US Banks

0.3%

US Market

PPBI underperformed the Banks industry which returned -13.6% over the past year.

PPBI underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

PPBIIndustryMarket
7 Day1.4%0.3%0.9%
30 Day-3.4%-5.1%-1.9%
90 Day2.0%-3.5%1.6%
1 Year-23.6%-25.3%-11.2%-13.6%2.6%0.3%
3 Year13.1%10.7%43.6%33.7%41.0%31.8%
5 Year103.9%99.5%53.7%37.0%55.2%38.0%

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 based on future cash flows and its price relative to the stock market?

10%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Pacific Premier Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Pacific Premier Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Pacific Premier Bancorp expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Pacific Premier Bancorp's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).

Pacific Premier Bancorp's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Pacific Premier Bancorp's revenue growth is positive but not above the United States of America market average.

Pacific Premier Bancorp's earnings growth is positive but not above the United States of America market average.

Pacific Premier Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pacific Premier Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

45.2%

Historical annual earnings growth


Earnings and Revenue History


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 (57.6% vs 45.2%)

Pacific Premier Bancorp's earnings growth has exceeded the US Banks industry average in the past year (57.6% vs 33.2%).


Return on Equity

Pacific Premier Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pacific Premier Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Pacific Premier Bancorp has an acceptable proportion of non-loan assets held.

Pacific Premier Bancorp has a sufficient allowance for bad loans.

Pacific Premier Bancorp's liabilities are made up of primarily low risk sources of funding.

Pacific Premier Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Pacific Premier Bancorp are broadly funded by customer deposits.

Pacific Premier Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.00%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Pacific Premier Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Pacific Premier Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

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

Dividends paid are well covered by earnings (3.5x 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.


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Steve Gardner (58yo)

19.0yrs

Tenure

US$4,655,512

Compensation

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 subs ...


CEO Compensation Analysis

Steve's remuneration is about average for companies of similar size in United States of America.

Steve's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.4yrs

Average Tenure

53.5yo

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.


Board Age and Tenure

3.4yrs

Average Tenure

64yo

Average Age

The tenure for the Pacific Premier Bancorp board of directors is about average.


Insider Trading

More shares have been bought than sold by Pacific Premier Bancorp individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$28,78008 Aug 19
Joseph Garrett
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$28.78
SellUS$1,302,56702 Mar 19
Steven Gardner
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares43,535
Max PriceUS$29.92
BuyUS$26,72013 Dec 18
Ronald Nicolas
EntityIndividual
Role
Chief Financial Officer
Senior EVP & CFO
Shares1,000
Max PriceUS$26.72
BuyUS$28,73006 Dec 18
Ronald Nicolas
EntityIndividual
Role
Chief Financial Officer
Senior EVP & CFO
Shares1,000
Max PriceUS$28.73
BuyUS$29,38816 Nov 18
Ronald Nicolas
EntityIndividual
Role
Chief Financial Officer
Senior EVP & CFO
Shares1,000
Max PriceUS$29.39
SellUS$770,18513 Sep 18
Don Griffith
EntityIndividual
Shares19,245
Max PriceUS$40.02
SellUS$302,00431 Aug 18
Simone Lagomarsino
EntityIndividual
Shares7,828
Max PriceUS$38.58

Ownership Breakdown


Management Team

  • Steve Gardner (58yo)

    Chairman

    • Tenure: 19.0yrs
    • Compensation: US$4.66m
  • Jorge Díaz-Irizarry (64yo)

    Vice President of Seal Beach Branch and Branch Manager of Seal Beach Branch

    • Tenure: 15.4yrs
  • Katherine Hage

    Vice President and Branch Manager of San Bernardino Banking Branch

    • Tenure: 15.3yrs
  • Ron Nicolas (60yo)

    Senior EVP & CFO

    • Tenure: 3.3yrs
    • Compensation: US$1.53m
  • Diana Treadway

    Vice President of Newport Beach Branch and Branch Manager of Newport Beach Branch

    • Tenure: 12.4yrs
  • Mark Whalen

    Chief Lending Officer & Senior VP

    • Tenure: 6.4yrs
  • Dori Kagan

    Vice President and Relationship Manager

    • Tenure: 6.4yrs
  • Steve Arnold (49yo)

    Senior EVP

    • Tenure: 0.0yrs
  • John Mangold (43yo)

    First Vice President and Treasurer

    • Tenure: 3.9yrs
  • Lori Wright (39yo)

    Executive VP & Chief Accounting Officer

    • Tenure: 0.9yrs

Board Members

  • Cora Tellez (69yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$123.26k
  • Steve Gardner (58yo)

    Chairman

    • Tenure: 19.0yrs
    • Compensation: US$4.66m
  • Jaynie Studenmund (65yo)

    Director

    • Tenure: 0.3yrs
  • Michael Morris (73yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$129.01k
  • Chris Mitchell (64yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: US$30.67k
  • Joe Garrett (70yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$131.51k
  • Jeff Jones (64yo)

    Lead Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$135.57k
  • Zareh Sarrafian (55yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: US$148.93k
  • Ayad Fargo (58yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: US$128.93k
  • John Carona (63yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$119.01k

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$1.793b
  • Shares outstanding: 60.36m
  • 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 Analysis2019/08/20 23:42
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.