Marshall Wace LLP Makes New $2.06 Million Investment in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Marshall Wace LLP acquired a new position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 82,499 shares of the financial services provider's stock, valued at approximately $2,056,000. Marshall Wace LLP owned approximately 0.09% of Pacific Premier Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PPBI. Sterling Capital Management LLC grew its position in Pacific Premier Bancorp by 729.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock valued at $75,000 after buying an additional 2,655 shares during the period. Smartleaf Asset Management LLC grew its stake in Pacific Premier Bancorp by 158.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 1,853 shares during the period. KBC Group NV increased its holdings in Pacific Premier Bancorp by 34.7% in the 4th quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock worth $123,000 after acquiring an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Pacific Premier Bancorp during the fourth quarter worth $158,000. Finally, Kestra Investment Management LLC purchased a new position in Pacific Premier Bancorp during the fourth quarter valued at $220,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Pacific Premier Bancorp Price Performance

Shares of Pacific Premier Bancorp stock traded up $0.54 during trading hours on Thursday, reaching $20.88. 608,217 shares of the company's stock were exchanged, compared to its average volume of 625,085. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.72 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp, Inc. has a 1 year low of $18.06 and a 1 year high of $30.28. The business has a fifty day moving average of $21.08 and a two-hundred day moving average of $24.36.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $144.83 million for the quarter, compared to the consensus estimate of $143.25 million. During the same quarter last year, the business posted $0.49 earnings per share. As a group, research analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Monday, May 5th. Pacific Premier Bancorp's payout ratio is 86.84%.

Analyst Upgrades and Downgrades

Separately, DA Davidson downgraded shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.25.

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.