Dimensional Fund Advisors LP Has $147.53 Million Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Dimensional Fund Advisors LP raised its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,067,760 shares of the financial services provider's stock after acquiring an additional 131,448 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.28% of Pacific Premier Bancorp worth $147,527,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PPBI. GAMMA Investing LLC purchased a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $42,000. Bfsg LLC acquired a new position in shares of Pacific Premier Bancorp during the 4th quarter worth $93,000. Versor Investments LP purchased a new stake in shares of Pacific Premier Bancorp in the 3rd quarter worth about $200,000. Bailard Inc. acquired a new stake in Pacific Premier Bancorp in the 4th quarter valued at about $207,000. Finally, Vest Financial LLC acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at approximately $237,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on PPBI shares. Wedbush reiterated a "neutral" rating and set a $25.00 target price on shares of Pacific Premier Bancorp in a report on Thursday, April 25th. Piper Sandler reduced their price objective on shares of Pacific Premier Bancorp from $31.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, April 29th. Raymond James reaffirmed an "outperform" rating and issued a $25.00 target price (down from $29.00) on shares of Pacific Premier Bancorp in a research note on Thursday, April 25th. Keefe, Bruyette & Woods decreased their price objective on Pacific Premier Bancorp from $29.00 to $27.00 and set a "market perform" rating on the stock in a report on Thursday, April 25th. Finally, Stephens reiterated an "equal weight" rating and issued a $28.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $26.33.

Insider Transactions at Pacific Premier Bancorp

In related news, CFO Lori R. Wright sold 4,668 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $23.59, for a total value of $110,118.12. Following the sale, the chief financial officer now directly owns 31,259 shares in the company, valued at approximately $737,399.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Barbara Polsky purchased 1,200 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price of $23.92 per share, with a total value of $28,704.00. Following the purchase, the director now owns 14,507 shares of the company's stock, valued at approximately $347,007.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lori R. Wright sold 4,668 shares of the company's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $23.59, for a total transaction of $110,118.12. Following the sale, the chief financial officer now directly owns 31,259 shares of the company's stock, valued at $737,399.81. The disclosure for this sale can be found here. Company insiders own 2.21% of the company's stock.

Pacific Premier Bancorp Stock Performance

Shares of PPBI traded up $0.35 during trading hours on Friday, reaching $23.82. 417,180 shares of the company's stock traded hands, compared to its average volume of 581,543. Pacific Premier Bancorp, Inc. has a twelve month low of $17.86 and a twelve month high of $30.13. The business's fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $24.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 183.23 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $239.21 million for the quarter, compared to analysts' expectations of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same quarter last year, the company earned $0.66 EPS. Analysts predict that Pacific Premier Bancorp, Inc. will post 1.78 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Friday, May 3rd. Pacific Premier Bancorp's payout ratio is currently 1,015.38%.

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.