Alps Advisors Inc. Invests $343,000 in Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Alps Advisors Inc. acquired a new stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 16,090 shares of the financial services provider's stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC grew its position in shares of Pacific Premier Bancorp by 2.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 25,250 shares of the financial services provider's stock worth $538,000 after buying an additional 546 shares during the period. Principal Financial Group Inc. grew its position in shares of Pacific Premier Bancorp by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 480,207 shares of the financial services provider's stock worth $10,238,000 after buying an additional 12,542 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Pacific Premier Bancorp during the 1st quarter worth approximately $301,000. KBC Group NV grew its position in shares of Pacific Premier Bancorp by 11.0% during the 1st quarter. KBC Group NV now owns 5,501 shares of the financial services provider's stock worth $117,000 after buying an additional 546 shares during the period. Finally, CWC Advisors LLC. grew its position in shares of Pacific Premier Bancorp by 31.7% during the 1st quarter. CWC Advisors LLC. now owns 12,058 shares of the financial services provider's stock worth $257,000 after buying an additional 2,905 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

PPBI has been the subject of a number of analyst reports. Wall Street Zen initiated coverage on shares of Pacific Premier Bancorp in a report on Thursday, May 22nd. They set a "sell" rating for the company. DA Davidson cut shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Pacific Premier Bancorp currently has a consensus rating of "Hold" and an average target price of $27.25.

Pacific Premier Bancorp Stock Down 0.0%

PPBI traded down $0.01 during trading on Friday, reaching $22.10. 1,132,057 shares of the stock were exchanged, compared to its average volume of 716,995. The stock has a market cap of $2.14 billion, a P/E ratio of 14.54 and a beta of 1.16. Pacific Premier Bancorp Inc has a twelve month low of $18.06 and a twelve month high of $30.28. The stock's 50 day moving average price is $21.63 and its two-hundred day moving average price is $22.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. Pacific Premier Bancorp had a net margin of 16.89% and a return on equity of 5.01%. The firm had revenue of $144.83 million for the quarter, compared to the consensus estimate of $143.25 million. During the same period in the previous year, the company earned $0.49 earnings per share. Equities analysts expect that Pacific Premier Bancorp Inc will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a $0.33 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.32 annualized dividend and a dividend yield of 5.97%. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 86.84%.

Insider Activity at Pacific Premier Bancorp

In related news, COO Edward Earl Wilcox sold 14,500 shares of the company's stock in a transaction dated 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 sale, the chief operating officer owned 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.29% of the company's stock.

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.