Two Sigma Advisers LP Acquires 15,600 Shares of 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% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,000 shares of the financial services provider's stock after purchasing an additional 15,600 shares during the quarter. Two Sigma Advisers LP owned about 0.15% of Pacific Premier Bancorp worth $3,613,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of Pacific Premier Bancorp by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,128,723 shares of the financial services provider's stock valued at $28,128,000 after buying an additional 14,310 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $1,009,000. Renaissance Technologies LLC grew its holdings in shares of Pacific Premier Bancorp by 33.1% during the fourth quarter. Renaissance Technologies LLC now owns 175,538 shares of the financial services provider's stock valued at $4,374,000 after buying an additional 43,610 shares during the last quarter. Barclays PLC grew its holdings in shares of Pacific Premier Bancorp by 71.4% during the third quarter. Barclays PLC now owns 203,652 shares of the financial services provider's stock valued at $5,123,000 after buying an additional 84,859 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Pacific Premier Bancorp by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 467,665 shares of the financial services provider's stock valued at $11,654,000 after buying an additional 13,168 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Stock Down 0.4%

Pacific Premier Bancorp stock traded down $0.08 during midday trading on Friday, hitting $21.32. 1,055,230 shares of the stock were exchanged, compared to its average volume of 653,845. Pacific Premier Bancorp, Inc. has a 52-week low of $18.06 and a 52-week high of $30.28. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.00 and a beta of 1.18. The business's 50-day moving average price is $20.69 and its 200-day moving average price is $23.58. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

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

Pacific Premier Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen assumed coverage on shares of Pacific Premier Bancorp in a report on Thursday, May 22nd. They set a "sell" rating for the company. DA Davidson cut shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.25.

Insider Activity

In related 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 value of $294,060.00. Following the sale, the chief operating officer now owns 140,283 shares of the company's stock, valued at approximately $2,844,939.24. The trade was a 9.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.29% of the company's stock.

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.