Free Trial

Victory Capital Management Inc. Has $31.22 Million Stock Position in Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Pacific Premier Bancorp logo with Finance background

Victory Capital Management Inc. increased its holdings in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,464,112 shares of the financial services provider's stock after purchasing an additional 37,267 shares during the period. Victory Capital Management Inc. owned approximately 1.51% of Pacific Premier Bancorp worth $31,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MQS Management LLC acquired a new stake in shares of Pacific Premier Bancorp in the 1st quarter valued at $501,000. CWM LLC boosted its position in Pacific Premier Bancorp by 749.7% in the first quarter. CWM LLC now owns 22,263 shares of the financial services provider's stock valued at $475,000 after buying an additional 19,643 shares in the last quarter. Cerity Partners LLC grew its stake in Pacific Premier Bancorp by 105.0% during the first quarter. Cerity Partners LLC now owns 19,994 shares of the financial services provider's stock worth $426,000 after buying an additional 10,243 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Pacific Premier Bancorp during the first quarter worth approximately $343,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Pacific Premier Bancorp by 2.2% during the first quarter. Hexagon Capital Partners LLC now owns 25,250 shares of the financial services provider's stock worth $538,000 after buying an additional 546 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

Pacific Premier Bancorp Trading Down 4.5%

PPBI stock traded down $0.99 during midday trading on Thursday, hitting $21.16. 1,240,318 shares of the company's stock were exchanged, compared to its average volume of 1,150,295. The company has a market cap of $2.05 billion, a PE ratio of 13.92 and a beta of 1.16. 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 stock's fifty day moving average price is $21.59 and its 200-day moving average price is $22.23. Pacific Premier Bancorp Inc has a one year low of $18.06 and a one year 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 business 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 period last year, the business posted $0.49 earnings per share. Research analysts predict that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current fiscal year.

Insider Activity at Pacific Premier Bancorp

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen started coverage on Pacific Premier Bancorp in a research report on Thursday, May 22nd. They issued a "sell" rating for the company. DA Davidson downgraded shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.25.

Read Our Latest Stock Analysis on Pacific Premier Bancorp

About Pacific Premier Bancorp

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

Should You Invest $1,000 in Pacific Premier Bancorp Right Now?

Before you consider Pacific Premier Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pacific Premier Bancorp wasn't on the list.

While Pacific Premier Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines