Jefferies Financial Group Inc. Invests $964,000 in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Jefferies Financial Group Inc. purchased a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,700 shares of the financial services provider's stock, valued at approximately $964,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Pacific Premier Bancorp by 158.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,853 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Pacific Premier Bancorp by 729.4% in 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 period. KBC Group NV lifted its stake in shares of Pacific Premier Bancorp by 34.7% in the 4th quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock worth $123,000 after acquiring an additional 1,276 shares during the period. Golden State Wealth Management LLC acquired a new stake in Pacific Premier Bancorp during the fourth quarter valued at approximately $158,000. Finally, Point72 Asset Management L.P. lifted its stake 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 last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI traded down $0.08 during midday trading on Friday, reaching $21.32. The stock had a trading volume of 1,055,230 shares, compared to its average volume of 653,239. Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.28. The firm's fifty day simple moving average is $20.69 and its 200-day simple moving average is $23.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $2.07 billion, a P/E ratio of 13.00 and a beta of 1.18.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07. The company had revenue of $144.83 million for the quarter, compared to analyst estimates of $143.25 million. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. During the same period last year, the business posted $0.49 EPS. On average, equities research analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Monday, May 5th. Pacific Premier Bancorp's payout ratio is 86.84%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. DA Davidson lowered shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen began coverage on shares of Pacific Premier Bancorp in a research report on Thursday, May 22nd. They issued a "sell" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Pacific Premier Bancorp presently has a consensus rating of "Hold" and a consensus price target of $27.25.

Insider Activity at Pacific Premier Bancorp

In other news, COO Edward Earl Wilcox sold 14,500 shares of Pacific Premier Bancorp stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 140,283 shares in the company, valued at $2,844,939.24. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.29% of the stock is currently owned by insiders.

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.