Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 252.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,435 shares of the financial services provider's stock after purchasing an additional 22,509 shares during the period. Squarepoint Ops LLC's holdings in Pacific Premier Bancorp were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PPBI. Smartleaf Asset Management LLC lifted its position in shares of Pacific Premier Bancorp by 158.4% during 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 raised its stake 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 valued at $75,000 after buying an additional 2,655 shares in the last quarter. KBC Group NV lifted its holdings in Pacific Premier Bancorp by 34.7% during the 4th quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock worth $123,000 after buying an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Pacific Premier Bancorp during the 4th quarter worth about $158,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Pacific Premier Bancorp by 171.7% during the 4th 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. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp 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 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. This represents a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.29% of the company's stock.

Pacific Premier Bancorp Stock Performance

NASDAQ PPBI traded up $0.91 during trading hours on Friday, hitting $21.59. The company had a trading volume of 856,573 shares, compared to its average volume of 662,509. The business has a 50 day moving average of $20.64 and a 200-day moving average of $23.38. The company has a market cap of $2.10 billion, a PE ratio of 13.16 and a beta of 1.18. Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.07. The business had revenue of $144.83 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.49 EPS. As a group, equities research analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's payout ratio is currently 86.84%.

Wall Street Analysts Forecast Growth

PPBI has been the topic of several research analyst reports. Wall Street Zen started coverage on Pacific Premier Bancorp in a research report on Thursday, May 22nd. They set a "sell" rating 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Pacific Premier Bancorp presently has an average rating of "Hold" and a consensus price target of $27.25.

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.