SG Americas Securities LLC Has $2.24 Million Stock Holdings in Pacific Premier Bancorp Inc (NASDAQ:PPBI)

SG Americas Securities LLC boosted its position in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) by 253.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,933 shares of the financial services provider's stock after acquiring an additional 75,219 shares during the period. SG Americas Securities LLC owned approximately 0.11% of Pacific Premier Bancorp worth $2,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew 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 purchasing an additional 741 shares in the last quarter. Sterling Capital Management LLC lifted its position in Pacific Premier Bancorp by 729.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock worth $75,000 after purchasing an additional 2,655 shares during the period. Smartleaf Asset Management LLC boosted its stake in Pacific Premier Bancorp by 158.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after buying an additional 1,853 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Pacific Premier Bancorp by 171.7% in the 4th quarter. Point72 Asset Management L.P. now owns 6,520 shares of the financial services provider's stock valued at $162,000 after buying an additional 4,120 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Pacific Premier Bancorp in the 4th quarter valued at $200,000. 93.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PPBI has been the topic of several recent research reports. Wall Street Zen initiated coverage on shares of Pacific Premier Bancorp in a research report on Thursday, May 22nd. They set a "sell" rating on the stock. DA Davidson cut shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Pacific Premier Bancorp currently has a consensus rating of "Hold" and a consensus price target of $27.25.

Pacific Premier Bancorp Price Performance

Pacific Premier Bancorp stock traded up $0.29 on Wednesday, reaching $20.41. The company's stock had a trading volume of 301,137 shares, compared to its average volume of 671,009. The business's fifty day moving average price is $20.83 and its 200 day moving average price is $22.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 13.42 and a beta of 1.18. 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 issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The firm 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 16.89% and a return on equity of 5.01%. During the same quarter in the prior year, the firm earned $0.49 EPS. Equities analysts expect 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 declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, May 5th. This represents a $1.32 annualized dividend and a dividend yield of 6.47%. Pacific Premier Bancorp's dividend payout ratio (DPR) is currently 86.84%.

Insider Activity at Pacific Premier Bancorp

In related news, COO Edward Earl Wilcox sold 14,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $20.28, for a total value of $294,060.00. Following the transaction, the chief operating officer now owns 140,283 shares in the company, valued at $2,844,939.24. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.29% of the stock is currently owned by company 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.