Pacific Premier Bancorp (PPBI)

Pacific Premier Bancorp, Inc. is the parent company of Pacific Premier Bank, a California-based commercial bank focused on serving small, middle-market, and corporate businesses throughout the western United States in major metropolitan markets in California, Washington, Oregon, Arizona, and Nevada.

Company profile

Ticker

PPBI

Exchange

NASDAQ

Website

www.ppbi.net

CEO

Steven Gardner

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

Former names

LIFE FINANCIAL CORP

SEC CIK

0001028918

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

330743196

PPBI stock data

1M 1Y 5Y

News

From Benzinga Pro

Stocks That Hit 52-Week Lows On Tuesday

14 Jun 22

On Tuesday, 951 companies hit new 52-week lows.

Stocks That Hit 52-Week Lows On Monday

13 Jun 22

During Monday's trading, 1214 companies set new 52-week lows.

Stocks That Hit 52-Week Lows On Wednesday

27 Apr 22

Wednesday's session saw 784 companies set new 52-week lows.

Raymond James Maintains Outperform on Pacific Premier Bancorp, Lowers Price Target to $41

27 Apr 22

Pacific Premier Bancorp: Q1 Earnings Insights

26 Apr 22

Press releases

From Benzinga Pro

Pacific Premier Bancorp, Inc. Announces First Quarter 2022 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share

26 Apr 22

First Quarter 2022 Summary Net income of $66.9 million, or $0.70 per diluted share Return on average assets of 1.28%, return on average equity of 9.34%, and return on average tangible common equity of

Pacific Premier Bancorp, Inc. to Announce First Quarter 2022 Financial Results on April 26, 2022

31 Mar 22

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its first quarter 2022 financial results before the market opens

Pacific Premier Bancorp, Inc. Announces Addition to Board of Directors and Issues 2021 Corporate Social Responsibility Report

30 Mar 22

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank," and together with Pacific Premier, the "Company"), announced today the appointment of

Analyst ratings and price targets

Last 3 months

Calendar

6 May 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart PPBI financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	809.26M	809.26M	809.26M	809.26M	809.26M	809.26M
Cash burn (monthly)	(no burn)	62.12M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	178.51M	n/a	n/a	n/a	n/a
Cash remaining	n/a	630.75M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	10.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

PPBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jun 22	Garrett Joseph L	PPBI Common Stock	Gift	Dispose G	No	No	0	660	0	82,415
10 May 22	Garrett Joseph L	PPBI Common Stock	Sell	Dispose S	No	No	31.21	2,500	78.03K	83,075
10 May 22	Garrett Joseph L	PPBI Common Stock	Option exercise	Acquire M	No	No	7.87	2,500	19.68K	85,575
10 May 22	Garrett Joseph L	Options on PPBI Common Stock PPBI Common Stock	Option exercise	Dispose M	No	No	7.87	2,500	19.68K	0
31 Mar 22	Michael S Karr	PPBI Common Stock	Payment of exercise	Dispose F	No	No	35.35	1,580	55.85K	91,970
31 Mar 22	Steven R Gardner	PPBI Common Stock	Payment of exercise	Dispose F	No	No	35.35	13,754	486.2K	471,120
31 Mar 22	Edward Earl Wilcox	PPBI Common Stock	Payment of exercise	Dispose F	No	No	35.35	5,823	205.84K	172,782

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

PPBI institutional ownership history Ownership history

91.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	222	234	-5.1%
Opened positions	20	27	-25.9%
Closed positions	32	21	+52.4%
Increased positions	78	73	+6.8%
Reduced positions	88	88	–

13F shares	Current	Prev Q	Change
Total value	6.73B	7.63B	-11.8%
Total shares	86.86M	87.12M	-0.3%
Total puts	100	0	NEW
Total calls	28K	0	NEW
Total put/call ratio	0.0	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	13.91M	$491.62M	+1.3%
Vanguard	10.99M	$388.61M	+3.5%
TROW T. Rowe Price	5.67M	$200.36M	+0.4%
Dimensional Fund Advisors	5.1M	$180.29M	+1.2%
STT State Street	4.74M	$167.73M	+10.5%
American Century Companies	2.79M	$98.79M	+11.9%
Cardinal Capital Management	2.37M	$83.84M	-5.0%
IVZ Invesco	1.92M	$68.01M	+8.4%
MCQEF Macquarie	1.85M	$65.51M	-8.7%
Geode Capital Management	1.73M	$61.04M	+2.7%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-864.33K	EXIT
STT State Street	4.74M	+452.22K	+10.5%
Vanguard	10.99M	+366.91K	+3.5%
Millennium Management	0	-310.19K	EXIT
American Century Companies	2.79M	+296.91K	+11.9%
First Trust Advisors	372.6K	+226.23K	+154.6%
State Of Wisconsin Investment Board	195.1K	+195.1K	NEW
Brown Advisory	1.55M	+183.32K	+13.4%
MCQEF Macquarie	1.85M	-176.58K	-8.7%
BLK Blackrock	13.91M	+174.65K	+1.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Luther Burbank

Risks

Our ability to attract and retain qualified employees is critical to our success.
Failure to keep pace with technological change could adversely affect our business.
We are subject to liquidity risk, which could adversely affect our financial condition and results of operations.

Management Discussion

(1) Dividend payout ratio is defined as common equity dividends declared per share divided by basic earnings per share.
(2) Ratio is annualized.
(3) Reconciliations of the non-GAAP measures are set forth in the Non-GAAP Measures section of the Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

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From filing 10-Q 2022 Q1

Financial reports

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