Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lifted its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 12.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,296 shares of the financial services provider’s stock after purchasing an additional 2,316 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Pacific Premier Bancorp were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PPBI. Point72 Asset Management L.P. purchased a new position in Pacific Premier Bancorp during the third quarter worth about $60,000. Smartleaf Asset Management LLC increased its stake in shares of Pacific Premier Bancorp by 158.4% during 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 last quarter. KBC Group NV lifted its holdings in shares of Pacific Premier Bancorp by 34.7% during the 4th quarter. KBC Group NV now owns 4,955 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,276 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $158,000. Finally, FMR LLC grew its holdings in Pacific Premier Bancorp by 11.9% in the third quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 723 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price target on shares of 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Pacific Premier Bancorp Trading Up 1.7 %

Shares of PPBI stock opened at $21.98 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $30.28. The firm’s 50 day moving average price is $24.05 and its two-hundred day moving average price is $25.27. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 13.40 and a beta of 1.25.

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

Pacific Premier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.01%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is currently 80.49%.

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.