14,628 Shares in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,628 shares of the financial services provider’s stock, valued at approximately $365,000.

A number of other institutional investors also recently modified their holdings of the stock. Barclays PLC increased its holdings in shares of Pacific Premier Bancorp by 71.4% in the third quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock valued at $5,123,000 after purchasing an additional 84,859 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Pacific Premier Bancorp in the 3rd quarter valued at $784,000. JPMorgan Chase & Co. raised its position in shares of Pacific Premier Bancorp by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 150,535 shares of the financial services provider’s stock worth $3,787,000 after acquiring an additional 8,145 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Pacific Premier Bancorp by 16.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider’s stock valued at $18,740,000 after acquiring an additional 107,544 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Pacific Premier Bancorp by 487.9% in the fourth quarter. SG Americas Securities LLC now owns 29,714 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 24,660 shares during the period. 93.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PPBI. StockNews.com began coverage on shares of Pacific Premier Bancorp in a research note on Tuesday, May 6th. They issued a “sell” rating on the stock. DA Davidson cut shares of Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

Pacific Premier Bancorp Stock Up 0.0 %

Pacific Premier Bancorp stock opened at $21.34 on Friday. Pacific Premier Bancorp, Inc. has a fifty-two week low of $18.06 and a fifty-two week high of $30.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.01 and a beta of 1.18. The company’s 50 day simple moving average is $20.73 and its 200 day simple moving average is $24.08.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. The company had revenue of $144.83 million during the quarter, compared to analyst estimates of $143.25 million. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.19%. The ex-dividend date is Monday, May 5th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 86.84%.

Insider Activity at Pacific Premier Bancorp

In other news, COO Edward Earl Wilcox sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $20.28, for a total value of $294,060.00. Following the completion of the transaction, the chief operating officer now owns 140,283 shares in the company, valued at $2,844,939.24. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.29% of the stock is owned by insiders.

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.