Brevan Howard Capital Management LP Acquires New Shares in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Brevan Howard Capital Management LP bought a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,628 shares of the financial services provider's stock, valued at approximately $365,000.

A number of other large investors also recently bought and sold shares of the company. Azora Capital LP lifted its holdings in Pacific Premier Bancorp by 54.4% during the 4th quarter. Azora Capital LP now owns 747,779 shares of the financial services provider's stock worth $18,635,000 after buying an additional 263,383 shares during the last quarter. Algert Global LLC lifted its holdings in Pacific Premier Bancorp by 22.5% during the 4th quarter. Algert Global LLC now owns 287,351 shares of the financial services provider's stock worth $7,161,000 after buying an additional 52,735 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Pacific Premier Bancorp during the 4th quarter worth approximately $551,000. Beacon Pointe Advisors LLC bought a new position in Pacific Premier Bancorp during the 4th quarter worth approximately $7,798,000. Finally, Aquatic Capital Management LLC lifted its holdings in Pacific Premier Bancorp by 333.4% during the 4th quarter. Aquatic Capital Management LLC now owns 27,739 shares of the financial services provider's stock worth $691,000 after buying an additional 21,339 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Insider Activity

In other news, COO Edward Earl Wilcox sold 14,500 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total transaction of $294,060.00. Following the completion of the sale, the chief operating officer now directly owns 140,283 shares of the company's stock, valued at $2,844,939.24. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PPBI shares. DA Davidson downgraded Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. StockNews.com began coverage on Pacific Premier Bancorp in a report on Wednesday. They issued a "sell" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Pacific Premier Bancorp has an average rating of "Hold" and an average target price of $27.25.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ PPBI traded down $0.15 during mid-day trading on Friday, hitting $22.31. The company had a trading volume of 207,808 shares, compared to its average volume of 639,483. The firm's 50 day simple moving average is $20.77 and its two-hundred day simple moving average is $24.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 13.61 and a beta of 1.18. Pacific Premier Bancorp, Inc. has a 12 month low of $18.06 and a 12 month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. The company had revenue of $144.83 million for the quarter, compared to analysts' expectations of $143.25 million. During the same period last year, the firm earned $0.49 EPS. As a group, equities research analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 86.84%.

Pacific Premier Bancorp 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.