PPBI Intrinsic Value – State of Alaska Department of Revenue Reduces Stake in Pacific Premier Bancorp,
July 6, 2023
🌥️Trending News
The State of Alaska Department of Revenue recently revealed its reduced stake in Pacific Premier Bancorp ($NASDAQ:PPBI), Inc (NASDAQ: PPBI). Pacific Premier Bancorp, Inc is one of the largest banks in California with operations across the United States and Mexico. The company offers a variety of banking services such as consumer banking, commercial banking, business banking, private banking, trust services, and more. The bank also provides lending services such as real estate construction loans, commercial and industrial loans, consumer loans, and more. The stock price surged by 4% as a result of the positive financial performance. It is unclear why the State of Alaska Department of Revenue chose to reduce its stake in Pacific Premier Bancorp, Inc.
However, given the bank’s strong financial performance and growth potential, investors should keep an eye on this stock in the future.
Earnings
According to their earnings report, Pacific Premier Bancorp earned 11.98 million US dollars in total revenue for FY2023 Q1, which was a 0.3% increase from the previous year. Over the last three years, the total revenue of Pacific Premier Bancorp has decreased from 11.98 million US dollars to 11.74 million US dollars. This can be attributed to the current economic climate, as well as the reduction in the State of Alaska Department of Revenue’s stake in the company. Despite this reduction, Pacific Premier Bancorp continues to remain profitable and shows strong potential for future growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PPBI. More…
| Total Revenues | Net Income | Net Margin |
| – | 276.68 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PPBI. More…
| Operations | Investing | Financing |
| 411.03 | -160.09 | 545.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PPBI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.36k | 18.53k | – |
Key Ratios Snapshot
Some of the financial key ratios for PPBI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.1% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Price History
As a result, the stock opened at $21.0 and closed at $20.9, a decrease of 1.1% from its previous closing price of $21.2. The reduction of the State of Alaska Department of Revenue’s stake in PPBI is likely to have an impact on the company’s stock price. In addition, investors may also be cautious regarding future prospects, given the news of the state’s divestment. It remains to be seen how this announcement will affect Pacific Premier Bancorp’s stock performance in the coming months. Live Quote…
Analysis – PPBI Intrinsic Value
At GoodWhale, we analyze PACIFIC PREMIER BANCORP’s fundamentals to provide investors with the most accurate information and advice. Our proprietary Valuation Line gives an intrinsic value of PACIFIC PREMIER BANCORP share at around $34.9. Currently, the stock is traded at $20.9, indicating that the stock is undervalued by 40.1%. This represents a great opportunity for investors who are looking to take advantage of the current market situation. More…
Peers
The competition between Pacific Premier Bancorp Inc and its competitors is fierce. Each company is vying for market share and trying to outdo the other in terms of products, services, and customer satisfaction. While there are many similarities between the companies, each has its own unique strengths and weaknesses. Primary Bk is known for its strong customer service, while Banco Espirito Santo SA has a reputation for being a reliable and efficient bank. InBankshares Corp is known for its innovative products and services.
– Primary Bk ($OTCPK:PRMY)
Banco Espirito Santo SA is a Portuguese bank headquartered in Lisbon. The bank was founded in 1869 and is the oldest bank in Portugal. The bank is the largest Portuguese bank by assets and has a strong presence in Portugal, Spain, Angola, Mozambique, Cape Verde, and São Tomé and PrÃncipe. The bank’s market cap as of 2022 is 56.25k. The bank offers a wide range of banking services including retail banking, corporate banking, investment banking, asset management, and insurance.
– Banco Espirito Santo SA ($OTCPK:BKESY)
As of 2022, TowneBank’s market cap is $103.87 million. The company is a community bank that operates primarily in Virginia and North Carolina. It offers a range of banking and financial services to retail and commercial customers, including deposit and loan products, treasury management, and wealth management.
Summary
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) is an attractive investment opportunity for investors looking to capitalize on the bank’s growth prospects and favorable industry trends. The company’s financials are robust, with strong asset quality, a healthy loan-to-deposit ratio, and a solid net interest margin.
In addition, the company’s capital position is excellent, allowing the bank to maintain an efficient balance sheet and capitalize on rising interest rates. The company’s cost of deposits is also favorable, allowing for greater profitability. Prospects for the company are positive, with earnings expected to increase in coming years as it continues to benefit from strong economic growth.
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