Stock on Focus: Pacific Premier Bancorp, Inc. (PPBI)

Company Profile:

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. Its deposit products include checking, money market, and savings accounts. The companys loan portfolio comprises commercial business loans, lines of credit, U.S. small business administration loans, warehouse credit facilities, commercial real estate loans, residential home loans, construction loans, and consumer loans, as well as banking products for homeowners associations and franchise lending. It also offers cash management, electronic banking, and online bill payment services. As of September 09, 2017, the company operated approximately 25 depository branches located in the counties of Orange, Los Angeles, Riverside, San Bernardino, San Diego, San Luis Obispo, and Santa Barbara, California. Pacific Premier Bancorp, Inc. was founded in 1983 and is headquartered in Irvine, California.

Recent News:

It reported net income for the third quarter of 2017 of $20.2 million, or $0.50 per diluted share, compared with net income of $14.2 million, or $0.35 per diluted share, for the second quarter of 2017 and net income of $9.2 million, or $0.33 per diluted share, for the third quarter of 2016.

It has completed the acquisition, effective as of November 1, 2017, of Plaza Bancorp , the holding company of Plaza Bank, a California-chartered banking corporation headquartered in Irvine, California.

PPBI’s strengths can be seen in its strong growth and better profitability compared with its peers. Its net income has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI (14) stands at 53.33 with positive bias. We rate Pacific Premier Bancorp, Inc. (PPBI) a STRONG BUY.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

PPBI’s strengths can be seen in its strong growth and better profitability compared with its peers. Its net income has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI (14) stands at 53.33 with positive bias, while the MACD is trying to cross up. We rate Pacific Premier Bancorp, Inc. (PPBI) a STRONG BUY.

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