Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 71,764 Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 71,764 shares of Pacific Premier Bancorp Inc, valued at approximately $1,530,000, marking a new position for the investment firm.
• Pacific Premier Bancorp recently announced a quarterly dividend of $0.33, which translates to an annualized dividend yield of 6.1%.
• Shares of Pacific Premier Bancorp currently show a market cap of $2.10 billion with a price-to-earnings ratio of 15.26, reflecting recent trading at around $21.67.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 71,764 shares of the financial services provider's stock, valued at approximately $1,530,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Pacific Premier Bancorp as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Pacific Premier Bancorp by 47.9% during the first quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 741 shares during the period. Sterling Capital Management LLC raised 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 purchasing an additional 2,655 shares during the period. KBC Group NV raised its position in Pacific Premier Bancorp by 11.0% during the first quarter. KBC Group NV now owns 5,501 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 546 shares during the period. Point72 Asset Management L.P. raised its position in Pacific Premier Bancorp by 171.7% during the fourth quarter. Point72 Asset Management L.P. now owns 6,520 shares of the financial services provider's stock valued at $162,000 after purchasing an additional 4,120 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $200,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen initiated coverage on Pacific Premier Bancorp in a report on Thursday, May 22nd. They issued a "sell" rating on the stock. DA Davidson cut Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Pacific Premier Bancorp Stock Up 0.5%

NASDAQ PPBI traded up $0.10 during midday trading on Tuesday, hitting $21.50. 512,403 shares of the company traded hands, compared to its average volume of 876,844. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $2.09 billion, a PE ratio of 15.14 and a beta of 1.19. The company's 50-day simple moving average is $21.61 and its 200-day simple moving average is $22.08. Pacific Premier Bancorp Inc has a 52 week low of $18.06 and a 52 week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The business had revenue of $145.64 million for the quarter, compared to analysts' expectations of $147.67 million. Pacific Premier Bancorp had a return on equity of 4.85% and a net margin of 16.13%. During the same quarter last year, the firm earned $0.43 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 announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $1.32 dividend on an annualized basis and a yield of 6.1%. Pacific Premier Bancorp's dividend payout ratio (DPR) is 92.96%.

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.