Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Holdings Increased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 158.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,023 shares of the financial services provider’s stock after acquiring an additional 1,853 shares during the period. Smartleaf Asset Management LLC’s holdings in Pacific Premier Bancorp were worth $75,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Azora Capital LP acquired a new stake in Pacific Premier Bancorp in the third quarter worth approximately $12,187,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pacific Premier Bancorp by 13.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider’s stock valued at $69,651,000 after buying an additional 321,716 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Pacific Premier Bancorp by 58.9% in the fourth quarter. Fisher Asset Management LLC now owns 537,000 shares of the financial services provider’s stock valued at $13,382,000 after buying an additional 199,000 shares during the period. Phocas Financial Corp. boosted its stake in Pacific Premier Bancorp by 65.8% during the third quarter. Phocas Financial Corp. now owns 279,443 shares of the financial services provider’s stock valued at $7,031,000 after buying an additional 110,885 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Pacific Premier Bancorp by 16.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider’s stock worth $18,740,000 after acquiring an additional 107,544 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael S. Karr sold 10,290 shares of the firm’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 completion of the sale, the executive vice president now owns 79,474 shares of the company’s stock, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.00.

Pacific Premier Bancorp Stock Down 0.7 %

Shares of Pacific Premier Bancorp stock opened at $22.27 on Monday. Pacific Premier Bancorp, Inc. has a 12-month low of $20.52 and a 12-month high of $30.28. The firm has a market capitalization of $2.15 billion, a PE ratio of 13.58 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $24.61 and its 200-day moving average is $25.55.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data 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%. Equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed 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 5.93%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio 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.