Two Sigma Advisers LP Grows Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Two Sigma Advisers LP boosted its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,000 shares of the financial services provider's stock after buying an additional 15,600 shares during the period. Two Sigma Advisers LP owned approximately 0.15% of Pacific Premier Bancorp worth $3,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jacobs Asset Management LLC raised its holdings in Pacific Premier Bancorp by 0.5% in the 4th quarter. Jacobs Asset Management LLC now owns 84,154 shares of the financial services provider's stock valued at $2,097,000 after buying an additional 400 shares during the period. CIBC Asset Management Inc increased its stake in Pacific Premier Bancorp by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock worth $241,000 after purchasing an additional 487 shares during the period. Rockefeller Capital Management L.P. increased its stake in Pacific Premier Bancorp by 4.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,196 shares of the financial services provider's stock worth $379,000 after purchasing an additional 591 shares during the period. Summit Investment Advisors Inc. increased its stake in Pacific Premier Bancorp by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,025 shares of the financial services provider's stock worth $250,000 after purchasing an additional 643 shares during the period. Finally, HighTower Advisors LLC increased its stake in Pacific Premier Bancorp by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 19,371 shares of the financial services provider's stock worth $483,000 after purchasing an additional 772 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen assumed coverage on shares of Pacific Premier Bancorp in a research note 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.25.

Insider Activity at Pacific Premier Bancorp

In other news, COO Edward Earl Wilcox sold 14,500 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total value 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 approximately $2,844,939.24. This 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 can be accessed through this hyperlink. 2.29% of the stock is currently owned by corporate insiders.

Pacific Premier Bancorp Stock Up 1.1%

Shares of Pacific Premier Bancorp stock traded up $0.23 on Thursday, reaching $21.40. 641,971 shares of the company were exchanged, compared to its average volume of 650,516. Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.28. The company has a market cap of $2.08 billion, a P/E ratio of 13.05 and a beta of 1.18. 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's 50 day moving average price is $20.72 and its 200-day moving average price is $23.71.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its quarterly 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 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 prior year, the company posted $0.49 earnings per share. As a group, equities analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is 86.84%.

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.