XTX Topco Ltd Makes New Investment in Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Key Points

• XTX Topco Ltd acquired a stake in Pacific Premier Bancorp Inc worth approximately $887,000, purchasing 41,602 shares in the first quarter.
• Pacific Premier Bancorp recently announced a quarterly dividend of $0.33 per share, which represents an annualized yield of 6.2%.
• The stock is currently trading at approximately $21.18 per share, with a market capitalization of $2.06 billion and analysts predicting an EPS of 1.34 for the current fiscal year.

XTX Topco Ltd bought a new stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,602 shares of the financial services provider's stock, valued at approximately $887,000.

Several other large investors have also recently added to or reduced their stakes in PPBI. Beacon Pointe Advisors LLC acquired a new stake in Pacific Premier Bancorp in the 4th quarter valued at approximately $7,798,000. Azora Capital LP raised its holdings in Pacific Premier Bancorp by 54.4% during the fourth quarter. Azora Capital LP now owns 747,779 shares of the financial services provider's stock worth $18,635,000 after purchasing an additional 263,383 shares in the last quarter. Invesco Ltd. raised its holdings in Pacific Premier Bancorp by 12.1% during the fourth quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider's stock worth $55,990,000 after purchasing an additional 241,881 shares in the last quarter. Millennium Management LLC raised its holdings in Pacific Premier Bancorp by 50.2% during the fourth quarter. Millennium Management LLC now owns 687,180 shares of the financial services provider's stock worth $17,125,000 after purchasing an additional 229,821 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Pacific Premier Bancorp by 142.2% during the fourth quarter. JPMorgan Chase & Co. now owns 364,604 shares of the financial services provider's stock worth $9,086,000 after purchasing an additional 214,069 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Price Performance

Pacific Premier Bancorp stock traded up $0.39 during mid-day trading on Friday, hitting $21.71. The company's stock had a trading volume of 398,231 shares, compared to its average volume of 880,385. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.11 billion, a P/E ratio of 15.29 and a beta of 1.19. Pacific Premier Bancorp Inc has a twelve month low of $18.06 and a twelve month high of $30.28. The stock's fifty day moving average price is $21.62 and its two-hundred day moving average price is $22.05.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $145.64 million for the quarter, compared to analyst estimates of $147.67 million. Pacific Premier Bancorp had a net margin of 16.13% and a return on equity of 4.85%. During the same quarter in the previous year, the business posted $0.43 earnings per share. Research analysts forecast that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be given a $0.33 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $1.32 annualized dividend and a yield of 6.1%. Pacific Premier Bancorp's payout ratio is 92.96%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen assumed coverage on Pacific Premier Bancorp in a report on Thursday, May 22nd. They set a "sell" rating on the stock. DA Davidson cut Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.

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.