Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 68.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,003 shares of the financial services provider's stock after acquiring an additional 57,228 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.15% of Pacific Premier Bancorp worth $3,514,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PPBI shares. DA Davidson lowered shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. StockNews.com started coverage on shares of Pacific Premier Bancorp in a report on Wednesday. They set a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $27.25.

Insider Transactions at Pacific Premier Bancorp

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

Pacific Premier Bancorp Stock Performance

Shares of Pacific Premier Bancorp stock traded down $0.01 during midday trading on Thursday, hitting $22.47. The company had a trading volume of 170,262 shares, compared to its average volume of 638,563. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 13.69 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $20.75 and a 200 day simple moving average of $24.04. 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 posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $144.83 million during the quarter, compared to the consensus estimate of $143.25 million. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.32 annualized dividend and a dividend yield of 5.87%. Pacific Premier Bancorp's payout ratio is currently 86.84%.

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.