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

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Pacific Premier Bancorp by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock worth $49,000 after buying an additional 741 shares during the period. Sterling Capital Management LLC lifted its position 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 during the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 546 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings 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 acquiring an additional 4,120 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Pacific Premier Bancorp Stock Performance

Shares of NASDAQ:PPBI traded down $0.01 on Friday, hitting $22.10. 1,132,057 shares of the company were exchanged, compared to its average volume of 716,605. The company's 50 day moving average price is $21.62 and its two-hundred day moving average price is $22.31. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.54 and a beta of 1.16. 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 Inc has a one year low of $18.06 and a one year high of $30.28.

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

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio is presently 86.84%.

Insider Activity at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 14,500 shares of Pacific Premier Bancorp 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 sale, the chief operating officer owned 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on PPBI. DA Davidson lowered Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen initiated coverage on Pacific Premier Bancorp in a report on Thursday, May 22nd. They issued a "sell" rating on the stock. 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. According to MarketBeat.com, Pacific Premier Bancorp presently has a consensus rating of "Hold" and a consensus price target of $27.25.

About Pacific Premier Bancorp

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.