CWM LLC boosted its stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) by 749.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,263 shares of the financial services provider's stock after acquiring an additional 19,643 shares during the period. CWM LLC's holdings in Pacific Premier Bancorp were worth $475,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its position in Pacific Premier Bancorp by 105.0% in the 1st quarter. Cerity Partners LLC now owns 19,994 shares of the financial services provider's stock valued at $426,000 after acquiring an additional 10,243 shares during the period. Alps Advisors Inc. purchased a new stake in Pacific Premier Bancorp in the 1st quarter valued at approximately $343,000. Hexagon Capital Partners LLC boosted its holdings in Pacific Premier Bancorp by 2.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 25,250 shares of the financial services provider's stock valued at $538,000 after purchasing an additional 546 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Pacific Premier Bancorp by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 480,207 shares of the financial services provider's stock valued at $10,238,000 after purchasing an additional 12,542 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Pacific Premier Bancorp in the 1st quarter valued at approximately $301,000. Institutional investors and hedge funds own 93.11% of the company's stock.
Insider Transactions at Pacific Premier Bancorp
In related news, COO Edward Earl Wilcox sold 14,500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total value of $294,060.00. Following the sale, the chief operating officer owned 140,283 shares of the company's stock, valued at approximately $2,844,939.24. This represents a 9.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.29% of the company's stock.
Pacific Premier Bancorp Price Performance
Shares of NASDAQ:PPBI traded down $0.23 during trading on Monday, hitting $22.34. 900,626 shares of the stock were exchanged, compared to its average volume of 1,145,423. The company has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $22.16. The company has a market cap of $2.17 billion, a PE ratio of 15.73 and a beta of 1.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. 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 announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Pacific Premier Bancorp had a return on equity of 4.85% and a net margin of 16.13%. The business had revenue of $145.64 million for the quarter, compared to analyst estimates of $147.67 million. During the same quarter in the previous year, the company earned $0.43 EPS. On average, analysts forecast that Pacific Premier Bancorp Inc will post 1.34 EPS for the current year.
Pacific Premier Bancorp Dividend Announcement
The business 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. This represents a $1.32 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Tuesday, August 5th. Pacific Premier Bancorp's payout ratio is currently 92.96%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Wall Street Zen assumed coverage on Pacific Premier Bancorp in a report on Thursday, May 22nd. They issued a "sell" rating on the stock. DA Davidson lowered Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.
View Our Latest Stock Report on PPBI
Pacific Premier Bancorp Company Profile
(
Free Report)
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.
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