Vanguard Group Inc. Purchases 78,381 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Vanguard Group Inc. boosted its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,241,494 shares of the financial services provider’s stock after purchasing an additional 78,381 shares during the period. Vanguard Group Inc. owned about 11.66% of Pacific Premier Bancorp worth $280,138,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in shares of Pacific Premier Bancorp during the 3rd quarter worth $60,000. Smartleaf Asset Management LLC raised its stake in Pacific Premier Bancorp by 158.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,853 shares in the last quarter. KBC Group NV raised its stake in Pacific Premier Bancorp by 34.7% during the fourth quarter. KBC Group NV now owns 4,955 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Pacific Premier Bancorp in the fourth quarter worth about $158,000. Finally, FMR LLC boosted its stake in shares of Pacific Premier Bancorp by 11.9% in the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 723 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Stock Down 2.5 %

NASDAQ:PPBI opened at $19.26 on Friday. Pacific Premier Bancorp, Inc. has a one year low of $18.41 and a one year 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 company has a market cap of $1.86 billion, a PE ratio of 11.74 and a beta of 1.25. The firm’s 50 day simple moving average is $23.45 and its 200 day simple moving average is $25.09.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. On average, research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.85%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 80.49%.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped 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 analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.00.

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.