Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get Rating) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,373 shares of the financial services provider's stock after purchasing an additional 10,059 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.09% of Pacific Premier Bancorp worth $2,877,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Spinnaker Investment Group LLC purchased a new stake in Pacific Premier Bancorp in the 4th quarter valued at approximately $343,000. Centiva Capital LP acquired a new position in Pacific Premier Bancorp during the fourth quarter worth $246,000. Strs Ohio grew its holdings in Pacific Premier Bancorp by 3.4% during the first quarter. Strs Ohio now owns 18,300 shares of the financial services provider's stock worth $646,000 after acquiring an additional 600 shares during the period. Emerald Advisers LLC grew its holdings in Pacific Premier Bancorp by 13.0% during the first quarter. Emerald Advisers LLC now owns 1,089,625 shares of the financial services provider's stock worth $38,518,000 after acquiring an additional 125,435 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in Pacific Premier Bancorp by 0.4% during the first quarter. Geneva Capital Management LLC now owns 1,163,462 shares of the financial services provider's stock worth $41,128,000 after acquiring an additional 4,796 shares during the period. Hedge funds and other institutional investors own 92.81% of the company's stock.
Get Pacific Premier Bancorp alerts:Analysts Set New Price Targets
PPBI has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective on Pacific Premier Bancorp to $41.00 in a report on Monday, July 4th. StockNews.com raised Pacific Premier Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, May 31st. Finally, Raymond James raised Pacific Premier Bancorp from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from $41.00 to $35.00 in a report on Thursday, July 7th.
Pacific Premier Bancorp Stock Up 1.3 %
PPBI opened at $31.54 on Thursday. The business's fifty day moving average is $32.54 and its two-hundred day moving average is $33.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 9.65 and a beta of 1.23. Pacific Premier Bancorp, Inc. has a one year low of $27.92 and a one year high of $45.24.Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $193.39 million. Pacific Premier Bancorp had a return on equity of 11.07% and a net margin of 38.46%. Pacific Premier Bancorp's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Analysts anticipate that Pacific Premier Bancorp, Inc. will post 2.98 EPS for the current fiscal year.
Pacific Premier Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.32 dividend on an annualized basis and a yield of 4.19%. Pacific Premier Bancorp's dividend payout ratio (DPR) is 40.37%.
Pacific Premier Bancorp Profile
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Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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