Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI). In a filing disclosed on July 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Pacific Premier Bancorp stock on June 16th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/1/2025.
• Purchased $1,001 - $15,000 in shares of AppLovin NASDAQ: APP on 7/1/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 6/30/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 6/27/2025.
• Purchased $1,001 - $15,000 in shares of Xiaomi OTCMKTS: XIACF on 6/27/2025.
• Sold $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 6/27/2025.
• Sold $1,001 - $15,000 in shares of Willis Towers Watson Public NASDAQ: WTW on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Boston Scientific NYSE: BSX on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK on 6/26/2025.

Pacific Premier Bancorp Stock Down 0.0%

Shares of NASDAQ PPBI traded down $0.01 during mid-day trading on Friday, reaching $22.10. 1,132,057 shares of the company were exchanged, compared to its average volume of 716,995. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 14.54 and a beta of 1.16. Pacific Premier Bancorp Inc has a 1 year low of $18.06 and a 1 year high of $30.28. The firm has a 50-day moving average of $21.63 and a 200 day moving average of $22.27.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced 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. The company had revenue of $144.83 million for the quarter, compared to analyst estimates of $143.25 million. Pacific Premier Bancorp had a return on equity of 5.01% and a net margin of 16.89%. During the same period in the prior year, the company posted $0.49 EPS. On average, research analysts expect that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is currently 86.84%.

Institutional Investors Weigh In On Pacific Premier Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobs Asset Management LLC boosted its position in shares of Pacific Premier Bancorp by 0.5% during the fourth quarter. Jacobs Asset Management LLC now owns 84,154 shares of the financial services provider's stock worth $2,097,000 after buying an additional 400 shares during the period. HighTower Advisors LLC increased its position in shares of Pacific Premier Bancorp by 2.5% during the first quarter. HighTower Advisors LLC now owns 19,848 shares of the financial services provider's stock worth $423,000 after purchasing an additional 477 shares in the last quarter. Hexagon Capital Partners LLC increased its position 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 purchasing an additional 546 shares in the last quarter. KBC Group NV increased its position in shares of Pacific Premier Bancorp by 11.0% during the first quarter. KBC Group NV now owns 5,501 shares of the financial services provider's stock worth $117,000 after purchasing an additional 546 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Pacific Premier Bancorp by 4.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,196 shares of the financial services provider's stock worth $379,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Analysts Set New Price Targets

PPBI has been the topic of a number of recent research reports. Wall Street Zen initiated coverage on Pacific Premier Bancorp in a research note on Thursday, May 22nd. They issued 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.25.

Insider Activity

In related news, COO Edward Earl Wilcox sold 14,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $20.28, for a total transaction of $294,060.00. Following the transaction, the chief operating officer owned 140,283 shares of the company's stock, valued at $2,844,939.24. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.29% of the stock is currently owned by corporate insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.