Proficio Capital Partners LLC Makes New $1.01 Million Investment in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Proficio Capital Partners LLC acquired a new position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,495 shares of the financial services provider’s stock, valued at approximately $1,009,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in Pacific Premier Bancorp in the third quarter worth about $60,000. Smartleaf Asset Management LLC lifted its stake in Pacific Premier Bancorp by 158.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,853 shares during the last quarter. KBC Group NV lifted its stake in Pacific Premier Bancorp by 30.0% in the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 849 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Pacific Premier Bancorp in the fourth quarter worth about $158,000. Finally, FMR LLC lifted its stake 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 worth $171,000 after purchasing an additional 723 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pacific Premier Bancorp Stock Performance

Pacific Premier Bancorp stock opened at $21.62 on Friday. The company has a 50 day moving average price of $24.08 and a 200-day moving average price of $25.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. Pacific Premier Bancorp, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $30.28. The company has a market capitalization of $2.08 billion, a PE ratio of 13.18 and a beta of 1.25.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. As a group, equities analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The firm 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 6.11%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 80.49%.

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.