Bfsg LLC Purchases New Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Bfsg LLC purchased a new stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,211 shares of the financial services provider’s stock, valued at approximately $93,000.

A number of other large investors also recently bought and sold shares of the business. WBI Investments Inc. lifted its position in Pacific Premier Bancorp by 4.8% during the 3rd quarter. WBI Investments Inc. now owns 15,328 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 708 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Pacific Premier Bancorp by 7.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 1,052 shares in the last quarter. GAMMA Investing LLC bought a new stake in Pacific Premier Bancorp during the 4th quarter valued at about $42,000. Teza Capital Management LLC increased its stake in Pacific Premier Bancorp by 13.6% during the 3rd quarter. Teza Capital Management LLC now owns 13,417 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Moody National Bank Trust Division increased its stake in Pacific Premier Bancorp by 11.5% during the 4th quarter. Moody National Bank Trust Division now owns 18,347 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 1,892 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Pacific Premier Bancorp

In other news, Director Barbara Polsky purchased 1,200 shares of the stock in a transaction on Thursday, March 21st. The shares were acquired at an average price of $23.92 per share, with a total value of $28,704.00. Following the completion of the acquisition, the director now directly owns 14,507 shares of the company’s stock, valued at $347,007.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.21% of the stock is currently owned by company insiders.

Pacific Premier Bancorp Stock Performance

NASDAQ PPBI traded down $0.55 during trading hours on Thursday, hitting $22.19. 138,683 shares of the company’s stock traded hands, compared to its average volume of 525,911. The business’s fifty day moving average price is $23.04 and its two-hundred day moving average price is $24.11. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.13 billion, a P/E ratio of 73.97 and a beta of 1.21. Pacific Premier Bancorp, Inc. has a 52 week low of $17.53 and a 52 week high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $239.21 million during the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 7.50%. During the same period in the previous year, the business posted $0.66 earnings per share. Equities research analysts predict that Pacific Premier Bancorp, Inc. will post 1.96 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.32 annualized dividend and a yield of 5.95%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 440.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on PPBI shares. Raymond James restated an “outperform” rating and set a $29.00 price objective (up from $26.00) on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. TheStreet lowered shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. StockNews.com upgraded shares of Pacific Premier Bancorp to a “sell” rating in a research note on Tuesday. Stephens restated an “equal weight” rating and set a $28.00 price objective on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Finally, Wedbush reiterated a “neutral” rating and issued a $25.00 price target on shares of Pacific Premier Bancorp in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.