Market Mover Alert: Pacific Premier Bancorp, Inc. (NASDAQ: PPBI)

On Wednesday, Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) negotiated 177,260 shares against it an average volume of 437,035 shares. The stock concluded the recent trade at $37.70 with downbeat trend move of -1.44 percent. The firm has total market value of 1.754 billion. The company has got a 52-week exceptional price of $46.05 and reached a 52-week lowest of the share price at $32.05. The daily trading range was observed between a day’s low price of $37.70 to a day’s high price of $38.70.

Pacific Premier Bancorp, Inc. (PPBI) stated net income for the 1st quarter of 2018 of $28.0M, or $0.60 per diluted share, contrast with net income of $16.2M, or $0.36 per diluted share, for the 4th quarter of 2017 and net income of $9.5M, or $0.34 per diluted share, for the 1st quarter of 2017. Financial results for the 1st quarter of 2018 include $936,000 of merger-related expense.

For the 3 months ended March 31, 2018, the Company’s return on average assets (“ROAA”) was 1.39 percent and return on average tangible ordinary equity (“ROATCE”) was 16.51 percent. For the 3-months ended December 31, 2017, the Company’s ROAA was 0.87 percent and the ROATCE was 10.48 percent. For the 3-months ended March 31, 2017, the Company’s ROAA was 0.94 percent and its ROATCE was 11.03 percent. Total assets as of March 31, 2018 were $8.1B contrast with $8.0B at December 31, 2017 and $4.2B at March 31, 2017.

Net interest income totaled $81.3M in the 1st quarter of 2018, an raise of $3.1M, or 4.0 percent, from the 4th quarter of 2017. The rise in net interest income was primarily Because of the full quarter inclusion of Plaza Bancorp (“Plaza”), which was purchased on November 1, 2017, as well as higher average asset balances and yields on our loans and investments. These raises were partially offset by lower accretion income and prepayment fees, as well as higher deposit and borrowing costs, and two less days of interest in the first quarter of 2018 contrast with the fourth quarter of 2017.

Net interest margin for the first quarter was 4.50 percent, contrast with 4.56 percent in the previous quarter. The decrease was principally driven by lower accretion income of $3.7M, contrast to $4.7M of accretion income in the 4th quarter of 2017, as well as lower prepayment and other loan related fees of about $500,000. Not Including the impact of accretion, our core net interest margin was unchanged at 4.26 percent, contrast to the previous quarter. Higher earning asset yields of 12 basis points were partially offset by higher deposit interest costs of 7 basis points and the impact of lower total fees of 5 basis points.

The stock price is moving down from its 20 days moving average with -7.42 percent and isolated negatively from 50 days moving average with -7.68 percent. A look on the firm performance, its monthly performance is -10.34 percent and a quarterly performance of -6.57 percent.


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