Deutsche Bank AG Has $2.48 Million Stake in Pacific Premier Bancorp Inc $PPBI

Key Points

• Deutsche Bank AG increased its holdings in Pacific Premier Bancorp Inc by 30.0%, purchasing an additional 26,888 shares, bringing its total ownership to 116,419 shares worth approximately $2.48 million.
• Pacific Premier Bancorp recently announced a quarterly dividend of $0.33, resulting in an annualized yield of 5.7%, with a high dividend payout ratio of 92.96%.
• The company's latest earnings report exceeded expectations with $0.39 EPS, and despite revenue falling slightly short of estimates, analysts predict a future EPS of 1.34 for the current fiscal year.

Deutsche Bank AG lifted its stake in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) by 30.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,419 shares of the financial services provider's stock after buying an additional 26,888 shares during the quarter. Deutsche Bank AG owned approximately 0.12% of Pacific Premier Bancorp worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Pacific Premier Bancorp by 47.9% in the first quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock worth $49,000 after purchasing an additional 741 shares during the period. Sterling Capital Management LLC raised its stake in shares of 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 in the last quarter. KBC Group NV raised its position in Pacific Premier Bancorp by 11.0% in the first 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 in the last quarter. Point72 Asset Management L.P. raised its position in Pacific Premier Bancorp by 171.7% in the fourth quarter. Point72 Asset Management L.P. now owns 6,520 shares of the financial services provider's stock worth $162,000 after acquiring an additional 4,120 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Pacific Premier Bancorp in the fourth quarter worth about $200,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Pacific Premier Bancorp in a research report on Thursday, May 22nd. They issued a "sell" rating on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.50.

Insider Buying and Selling at Pacific Premier Bancorp

In other news, General Counsel Steven R. Arnold sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $22.54, for a total value of $112,700.00. Following the transaction, the general counsel owned 51,042 shares in the company, valued at $1,150,486.68. This represents a 8.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.29% of the stock is owned by corporate insiders.

Pacific Premier Bancorp Trading Down 0.0%

NASDAQ PPBI traded down $0.01 on Monday, hitting $24.30. 978,016 shares of the company were exchanged, compared to its average volume of 862,434. The company's 50 day moving average price is $22.10 and its 200-day moving average price is $21.80. 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 firm has a market capitalization of $2.36 billion, a P/E ratio of 17.11 and a beta of 1.19. Pacific Premier Bancorp Inc has a twelve month low of $18.06 and a twelve month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $145.64 million for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.43 EPS. Analysts predict that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.4%. Pacific Premier Bancorp's dividend payout ratio is currently 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.