Head to Head Contrast: Pacific Premier Bancorp (NASDAQ:PPBI) vs. SouthState (NASDAQ:SSB)


Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) and SouthState (NASDAQ:SSB – Get Rating) are both mid-cap financial companies, but which is the better stock? We’ll compare the two companies based on valuation strength, analyst recommendations, risk, earnings, institutional ownership, profitability and dividends.

Benefits and evaluation

This table compares the revenue, earnings per share and valuation of Pacific Premier Bancorp and SouthState.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
First Pacific Bancorp $804.59 million 3.78 $339.89 million $3.55 9.04
southern state $1.44 billion 4.21 $475.54 million $6.04 13.28

SouthState has higher revenues and profits than Pacific Premier Bancorp. Pacific Premier Bancorp trades at a lower price-to-earnings ratio than SouthState, indicating that it is currently the more affordable of the two stocks.

Volatility and risk

Pacific Premier Bancorp has a beta of 1.21, meaning its stock price is 21% more volatile than the S&P 500. In comparison, SouthState has a beta of 0.81, meaning its stock price is 19% less volatile than the S&P 500.

Profitability

This table compares the net margins, return on equity and return on assets of Pacific Premier Bancorp and SouthState.

Net margins Return on equity return on assets
First Pacific Bancorp 42.15% 11.95% 1.61%
southern state 30.19% 10.33% 1.19%

Analyst Notes

This is a breakdown of the current recommendations for Pacific Premier Bancorp and SouthState, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
First Pacific Bancorp 0 1 1 0 2.50
southern state 0 1 3 0 2.75

Pacific Premier Bancorp currently has a consensus target price of $46.00, indicating a potential upside of 43.39%. SouthState has a consensus target price of $87.94, indicating a potential upside of 9.64%. Given the likely higher upside of Pacific Premier Bancorp, research analysts clearly believe that Pacific Premier Bancorp is more favorable than SouthState.

Insider and Institutional Ownership

91.9% of shares in Pacific Premier Bancorp are held by institutional investors. By comparison, 86.2% of SouthState’s shares are held by institutional investors. 2.2% of the shares of Pacific Premier Bancorp are held by insiders. By comparison, 1.9% of SouthState shares are held by insiders. Strong institutional ownership indicates that large fund managers, endowments, and hedge funds believe a company will outperform the market over the long term.

Dividends

Pacific Premier Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 4.1%. SouthState pays an annual dividend of $1.96 per share and has a dividend yield of 2.4%. Pacific Premier Bancorp pays 37.2% of its profits as a dividend. SouthState pays 32.5% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Pacific Premier Bancorp has increased its dividend for 2 consecutive years and SouthState has increased its dividend for 10 consecutive years.

Summary

SouthState beats Pacific Premier Bancorp on 9 out of 17 factors compared between the two stocks.

About Pacific Premier Bancorp (Get an evaluation)

Pacific Premier Bancorp, Inc. operates as a bank holding company for Pacific Premier Bank which provides banking services to businesses, professionals, real estate investors and non-profit organizations. The company accepts deposit products, such as checking accounts, money market accounts and savings accounts. and certificates of deposit. Its loan portfolio includes commercial and non-owner-occupied real estate, multi-family, construction and land loans, secured real estate franchises, small business administration (SBA) and SBA paycheck protection programs; revolving lines of credit, term loans, seasonal loans and loans secured by liquid collateral; one to four family loans and home equity lines of credit; and savings account secured loans and car loans. The company also offers cash management, electronic banking, cash management and online bill payment services. It operates 61 full-service depository branches located in Arizona, California, Nevada, Oregon and Washington. Pacific Premier Bancorp, Inc. was founded in 1983 and is headquartered in Irvine, California.

About Southern State (Get an evaluation)

SouthState Corporation operates as a bank holding company for SouthState Bank, a National Association which provides a range of personal and business banking services and products. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposit, money market accounts, and other term deposits. The company also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans, including auto, boat and personal installment loans. In addition, it provides debit cards, mobile and money transfer products, as well as cash management services including merchant, automated clearing house, safe deposit box, remote deposit capture and cash management services. other treasury services. In addition, the Company offers safe deposit boxes, money orders, electronic transfers, brokerage services and alternative investment products, including annuities, mutual funds and trust and investment management services. assets ; and credit cards, letters of credit and home equity lines of credit. As of December 31, 2021, it served customers at 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina and Virginia. SouthState Corporation also serves its customers through online, mobile and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.



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