Jefferies Financial Group Inc. Makes New $964,000 Investment 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) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,700 shares of the financial services provider's stock, valued at approximately $964,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Pacific Premier Bancorp by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,241,494 shares of the financial services provider's stock worth $280,138,000 after buying an additional 78,381 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Pacific Premier Bancorp by 2.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,842,985 shares of the financial services provider's stock worth $70,847,000 after buying an additional 74,644 shares during the period. Invesco Ltd. boosted its position in shares of Pacific Premier Bancorp by 12.1% during the fourth quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider's stock worth $55,990,000 after buying an additional 241,881 shares during the period. Alliancebernstein L.P. boosted its position in shares of Pacific Premier Bancorp by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,467,366 shares of the financial services provider's stock worth $36,567,000 after buying an additional 7,465 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Pacific Premier Bancorp by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,344,690 shares of the financial services provider's stock worth $33,510,000 after buying an additional 54,518 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. DA Davidson lowered Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen began coverage on Pacific Premier Bancorp in a research report on Thursday, May 22nd. They set a "sell" rating for the company. One investment 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $27.25.

Pacific Premier Bancorp Stock Down 1.5%

NASDAQ:PPBI traded down $0.31 during midday trading on Monday, reaching $20.89. The company had a trading volume of 994,612 shares, compared to its average volume of 655,213. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.74 and a beta of 1.18. The stock's fifty day simple moving average is $20.67 and its 200-day simple moving average is $23.51. Pacific Premier Bancorp, Inc. has a 12-month low of $18.06 and a 12-month high of $30.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. The firm had revenue of $144.83 million during the quarter, compared to analyst estimates of $143.25 million. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. During the same period last year, the business posted $0.49 earnings per share. On average, sell-side analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.32 dividend on an annualized basis and a yield of 6.32%. Pacific Premier Bancorp's dividend payout ratio (DPR) 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 dated Thursday, May 1st. The stock was 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 directly owns 140,283 shares of the company's stock, 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 at this link. 2.29% of the stock is currently owned by company insiders.

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.