Mercer Global Advisors Inc. ADV Makes New $551,000 Investment in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Mercer Global Advisors Inc. ADV bought a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 22,126 shares of the financial services provider's stock, valued at approximately $551,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPBI. CIBC Asset Management Inc increased its position in Pacific Premier Bancorp by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock valued at $241,000 after buying an additional 487 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Pacific Premier Bancorp by 4.0% during the 4th 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 in the last quarter. Summit Investment Advisors Inc. increased its holdings in Pacific Premier Bancorp by 6.9% during the 4th 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 in the last quarter. HighTower Advisors LLC increased its holdings in Pacific Premier Bancorp by 4.2% during the 4th 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 in the last quarter. Finally, LPL Financial LLC increased its holdings in Pacific Premier Bancorp by 5.5% during the 4th quarter. LPL Financial LLC now owns 22,850 shares of the financial services provider's stock worth $569,000 after purchasing an additional 1,194 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 14,500 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PPBI has been the subject of a number of recent research reports. DA Davidson lowered Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. StockNews.com initiated coverage on Pacific Premier Bancorp in a report on Wednesday. They set a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Pacific Premier Bancorp currently has an average rating of "Hold" and an average target price of $27.25.

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock traded down $0.02 during trading on Thursday, hitting $22.46. The company's stock had a trading volume of 528,175 shares, compared to its average volume of 641,141. The company has a market cap of $2.18 billion, a PE ratio of 13.70 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $20.77 and a 200-day moving average of $24.01. Pacific Premier Bancorp, Inc. has a 52 week low of $18.06 and a 52 week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. The company had revenue of $144.83 million during the quarter, compared to analyst estimates of $143.25 million. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.88%. The ex-dividend date was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is 86.84%.

Pacific Premier Bancorp 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.