Diligent Investors LLC Acquires 481 Shares of Pacific Premier Bancorp Inc $PPBI

Diligent Investors LLC boosted its holdings in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,211 shares of the financial services provider’s stock after acquiring an additional 481 shares during the quarter. Diligent Investors LLC’s holdings in Pacific Premier Bancorp were worth $321,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Hennessy Advisors Inc. lifted its holdings in Pacific Premier Bancorp by 36.4% during the 2nd quarter. Hennessy Advisors Inc. now owns 150,000 shares of the financial services provider’s stock valued at $3,164,000 after buying an additional 40,000 shares in the last quarter. Tempus Wealth Planning LLC bought a new stake in shares of Pacific Premier Bancorp during the second quarter valued at approximately $422,000. State of Alaska Department of Revenue boosted its holdings in shares of Pacific Premier Bancorp by 8.1% in the second quarter. State of Alaska Department of Revenue now owns 57,767 shares of the financial services provider’s stock valued at $1,217,000 after purchasing an additional 4,329 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Pacific Premier Bancorp by 32.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,796 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 5,306 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Pacific Premier Bancorp in the second quarter worth approximately $218,000. Institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Stock Performance

PPBI stock opened at $24.49 on Friday. Pacific Premier Bancorp Inc has a 1-year low of $18.06 and a 1-year high of $30.28. The business has a 50-day moving average price of $23.66 and a 200 day moving average price of $22.01. The company has a market capitalization of $2.38 billion, a P/E ratio of 17.25 and a beta of 1.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $145.64 million for the quarter, compared to the consensus estimate of $147.67 million. Pacific Premier Bancorp had a net margin of 16.13% and a return on equity of 4.85%. During the same period last year, the firm earned $0.43 earnings per share. As a group, equities research analysts forecast that Pacific Premier Bancorp Inc will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, August 5th. Pacific Premier Bancorp’s payout ratio is presently 92.96%.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, General Counsel Steven R. Arnold sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.54, for a total value of $112,700.00. Following the completion of the transaction, the general counsel directly owned 51,042 shares in the company, valued at approximately $1,150,486.68. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.29% of the stock is owned by company insiders.

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.