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Pacific Premier Bancorp: Earnings Likely To Return To Pre-Pandemic Level

Apr. 08, 2021 3:59 PM ETPacific Premier Bancorp, Inc. (PPBI)
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Sheen Bay Research


  • The allowance level appears quite high relative to expected impairments. Therefore, the provisioning will likely decline this year.
  • Vaccine-driven economic recovery and a decline in payoffs will drive loan growth in 2021.
  • The year-end target price suggests a limited upside from the current market price. Additionally, the company is offering a modest dividend yield.

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Photo by JGalione/iStock via Getty Images

Earnings of Pacific Premier Bancorp, Inc. (NASDAQ: NASDAQ:PPBI) will return to the pre-pandemic level this year mostly because of a plunge in provision expense. The company's provisions surged last year because of the pandemic. As

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Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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