Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 44,685 shares of the financial services provider’s stock after buying an additional 449 shares during the quarter. Natixis Advisors LLC’s holdings in Pacific Premier Bancorp were worth $1,124,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PPBI. KBC Group NV increased its holdings in Pacific Premier Bancorp by 30.0% in the 3rd quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 849 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Pacific Premier Bancorp in the third quarter worth about $417,000. Rosenthal Henry Capital Advisors Inc. boosted its position in shares of Pacific Premier Bancorp by 2.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 55,741 shares of the financial services provider’s stock worth $1,402,000 after buying an additional 1,150 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Pacific Premier Bancorp by 336.0% in the third quarter. Nisa Investment Advisors LLC now owns 19,294 shares of the financial services provider’s stock valued at $485,000 after buying an additional 14,869 shares in the last quarter. Finally, CWC Advisors LLC. purchased a new stake in shares of Pacific Premier Bancorp during the 3rd quarter valued at about $235,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush decreased their price target on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Pacific Premier Bancorp presently has an average rating of “Hold” and an average target price of $26.50.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI opened at $28.86 on Wednesday. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28. The stock has a market cap of $2.78 billion, a P/E ratio of -192.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50-day moving average of $26.14 and a two-hundred day moving average of $24.60.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $153.23 million. During the same period in the previous year, the business posted $0.48 EPS. On average, research analysts expect that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp’s payout ratio is currently -880.00%.

Insider Buying and Selling

In other news, EVP Margaret S. Ohlhaver sold 9,273 shares of Pacific Premier Bancorp stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total value of $259,273.08. Following the completion of the transaction, the executive vice president now owns 25,475 shares in the company, valued at approximately $712,281. This trade represents a 26.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edward Earl Wilcox sold 30,499 shares of Pacific Premier Bancorp stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.63, for a total value of $720,691.37. Following the completion of the transaction, the chief operating officer now owns 230,592 shares of the company’s stock, valued at approximately $5,448,888.96. The trade was a 11.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,023 shares of company stock worth $1,245,713. Insiders own 2.21% of the company’s stock.

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.