Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Short Interest Update

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,340,000 shares, a decline of 29.5% from the January 15th total of 1,900,000 shares. Based on an average daily volume of 538,900 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

PPBI has been the subject of a number of recent research reports. DA Davidson reduced their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wedbush reduced their price target on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. 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. Based on data from MarketBeat.com, Pacific Premier Bancorp has an average rating of “Hold” and a consensus target price of $27.00.

Pacific Premier Bancorp Stock Down 0.1 %

Shares of Pacific Premier Bancorp stock traded down $0.02 on Friday, reaching $25.16. 401,921 shares of the company were exchanged, compared to its average volume of 561,813. Pacific Premier Bancorp has a one year low of $20.52 and a one year high of $30.28. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 15.34 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $25.31 and a 200 day moving average of $25.64.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Pacific Premier Bancorp will post 1.34 earnings per share 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 80.49%.

Insider Activity 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 transaction of $276,492.30. Following the completion of the transaction, the executive vice president now owns 79,474 shares of the company’s stock, 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 SEC, which is available through this link. 2.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Pacific Premier Bancorp

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Pacific Premier Bancorp by 121.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 649 shares during the period. Point72 Asset Management L.P. bought a new stake in Pacific Premier Bancorp in the 3rd quarter valued at $60,000. Smartleaf Asset Management LLC raised its stake in Pacific Premier Bancorp by 158.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,853 shares during the period. Sterling Capital Management LLC raised its stake in Pacific Premier Bancorp by 729.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 2,655 shares during the period. Finally, KBC Group NV raised its stake 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 acquiring an additional 849 shares during the period. Institutional investors own 93.11% 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.