Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Stock Holdings Raised by KBC Group NV

KBC Group NV lifted its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 34.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,955 shares of the financial services provider’s stock after purchasing an additional 1,276 shares during the period. KBC Group NV’s holdings in Pacific Premier Bancorp were worth $123,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its holdings in Pacific Premier Bancorp by 14.2% during the 2nd quarter. Millennium Management LLC now owns 150,763 shares of the financial services provider’s stock worth $3,463,000 after buying an additional 18,779 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Pacific Premier Bancorp by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 53,831 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 2,908 shares during the last quarter. GAMMA Investing LLC lifted its stake in Pacific Premier Bancorp by 121.5% during the third quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 649 shares during the last quarter. Creative Planning acquired a new position in Pacific Premier Bancorp in the third quarter worth $427,000. Finally, Assenagon Asset Management S.A. increased its stake in Pacific Premier Bancorp by 61.6% during the third 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 during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PPBI shares. DA Davidson dropped their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wedbush dropped their target price on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Insider Transactions at Pacific Premier Bancorp

In other news, EVP Michael S. Karr sold 10,290 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 79,474 shares of the company’s stock, valued at approximately $2,135,466.38. The trade was a 11.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock opened at $25.81 on Friday. Pacific Premier Bancorp, Inc. has a 12-month low of $20.52 and a 12-month 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 $2.49 billion, a price-to-earnings ratio of 15.74 and a beta of 1.26. The business has a 50 day simple moving average of $25.55 and a 200 day simple moving average of $25.71.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping 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, equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.11%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 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.