15,371 Shares in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 15,371 shares of the financial services provider’s stock, valued at approximately $383,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PPBI. GAMMA Investing LLC raised its holdings in shares of Pacific Premier Bancorp by 121.5% in the third quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 649 shares during the last quarter. Creative Planning acquired a new position in Pacific Premier Bancorp in the 3rd quarter valued at about $427,000. Assenagon Asset Management S.A. lifted its holdings in Pacific Premier Bancorp by 61.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider’s stock valued at $16,214,000 after purchasing an additional 245,771 shares in the last quarter. CWC Advisors LLC. acquired a new stake in shares of Pacific Premier Bancorp during the 3rd quarter worth about $235,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Pacific Premier Bancorp by 336.0% during the third quarter. Nisa Investment Advisors LLC now owns 19,294 shares of the financial services provider’s stock worth $485,000 after buying an additional 14,869 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wedbush reduced their price objective on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. DA Davidson reduced their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pacific Premier Bancorp has an average rating of “Hold” and an average price target of $27.00.

Pacific Premier Bancorp Stock Down 4.3 %

Shares of NASDAQ PPBI opened at $24.95 on Thursday. Pacific Premier Bancorp, Inc. has a 52-week low of $20.52 and a 52-week high of $30.28. The stock has a market capitalization of $2.41 billion, a PE ratio of 15.21 and a beta of 1.26. 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 firm has a fifty day moving average of $25.41 and a 200-day moving average of $25.66.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. On average, analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.33 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 5.29%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 80.49%.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Michael S. Karr sold 10,290 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the completion of the transaction, the executive vice president now owns 79,474 shares in the company, valued at $2,135,466.38. This represents a 11.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.21% of the company’s stock.

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.