Royal Bank of Canada raised its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get Rating) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 548,180 shares of the financial services provider’s stock after acquiring an additional 74,440 shares during the period. Royal Bank of Canada owned about 0.58% of Pacific Premier Bancorp worth $16,973,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ergoteles LLC acquired a new position in Pacific Premier Bancorp in the third quarter valued at about $261,000. MetLife Investment Management LLC boosted its position in shares of Pacific Premier Bancorp by 1.2% during the third quarter. MetLife Investment Management LLC now owns 49,107 shares of the financial services provider’s stock worth $1,520,000 after buying an additional 582 shares during the period. Credit Suisse AG boosted its position in shares of Pacific Premier Bancorp by 3.2% during the third quarter. Credit Suisse AG now owns 126,243 shares of the financial services provider’s stock worth $3,908,000 after buying an additional 3,970 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Pacific Premier Bancorp by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 5,590,507 shares of the financial services provider’s stock worth $173,084,000 after buying an additional 235,222 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Pacific Premier Bancorp by 17.2% during the third quarter. Tower Research Capital LLC TRC now owns 16,564 shares of the financial services provider’s stock worth $512,000 after buying an additional 2,434 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.
Pacific Premier Bancorp Stock Performance
Shares of NASDAQ PPBI opened at $31.36 on Tuesday. The stock has a 50 day moving average price of $32.20 and a 200 day moving average price of $33.32. Pacific Premier Bancorp, Inc. has a 52 week low of $27.92 and a 52 week high of $38.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $2.98 billion, a PE ratio of 10.56 and a beta of 1.25.
Pacific Premier Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Friday, February 3rd were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 2nd. This represents a $1.32 annualized dividend and a yield of 4.21%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 44.44%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on PPBI shares. StockNews.com raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Raymond James reduced their price objective on Pacific Premier Bancorp from $37.00 to $34.00 and set a “strong-buy” rating for the company in a research report on Friday, January 27th.
Insider Activity at Pacific Premier Bancorp
In other Pacific Premier Bancorp news, CEO Steven R. Gardner sold 102,638 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $31.56, for a total value of $3,239,255.28. Following the sale, the chief executive officer now owns 368,482 shares in the company, valued at $11,629,291.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Pacific Premier Bancorp news, CEO Steven R. Gardner sold 102,638 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $31.56, for a total value of $3,239,255.28. Following the sale, the chief executive officer now owns 368,482 shares in the company, valued at $11,629,291.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Edward Earl Wilcox sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $33.38, for a total value of $634,220.00. Following the completion of the sale, the chief operating officer now owns 153,782 shares in the company, valued at approximately $5,133,243.16. The disclosure for this sale can be found here. Insiders own 2.16% of the company’s stock.
Pacific Premier Bancorp Profile
Pacific Premier Bancorp, Inc is a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment.
Featured Articles
- Get a free copy of the StockNews.com research report on Pacific Premier Bancorp (PPBI)
- Go Where the Money Is. Here’s 3 Top Bank Dividend Stocks to Buy
- Another Catalyst For Mullen Automotive Stock
- Solar Tech-Services; Nextracker Should Be On Your Radar
- Is American Lithium a Safe Bet as Demand for Lithium Soars
- Highwoods Properties, High-quality Real Estate for a Discount
Want to see what other hedge funds are holding PPBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get Rating).
Receive News & Ratings for Pacific Premier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
