Aquatic Capital Management LLC Purchases 21,339 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Aquatic Capital Management LLC increased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 333.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,739 shares of the financial services provider's stock after purchasing an additional 21,339 shares during the period. Aquatic Capital Management LLC's holdings in Pacific Premier Bancorp were worth $691,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Pacific Premier Bancorp in the 4th quarter worth approximately $8,720,000. Invesco Ltd. grew its stake in shares of Pacific Premier Bancorp by 12.1% in the fourth quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider's stock worth $55,990,000 after acquiring an additional 241,881 shares during the last quarter. JPMorgan Chase & Co. increased its position in Pacific Premier Bancorp by 142.2% during the fourth quarter. JPMorgan Chase & Co. now owns 364,604 shares of the financial services provider's stock worth $9,086,000 after acquiring an additional 214,069 shares during the period. Fisher Asset Management LLC raised its stake in Pacific Premier Bancorp by 58.9% during the 4th quarter. Fisher Asset Management LLC now owns 537,000 shares of the financial services provider's stock valued at $13,382,000 after purchasing an additional 199,000 shares during the last quarter. Finally, ExodusPoint Capital Management LP raised its stake in Pacific Premier Bancorp by 105.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 365,261 shares of the financial services provider's stock valued at $9,102,000 after purchasing an additional 187,228 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ PPBI opened at $20.79 on Friday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 12.68 and a beta of 1.16. Pacific Premier Bancorp, Inc. has a one year low of $18.06 and a one year high of $30.28. The business has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $24.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. The company had revenue of $144.83 million during the quarter, compared to analysts' expectations of $143.25 million. During the same quarter in the prior year, the company posted $0.49 EPS. Sell-side analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend is Monday, May 5th. Pacific Premier Bancorp's payout ratio is 86.84%.

Wall Street Analysts Forecast Growth

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.