Natixis Advisors L.P. lowered its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Free Report) by 17.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,805 shares of the financial services provider’s stock after selling 6,288 shares during the quarter. Natixis Advisors L.P.’s holdings in Pacific Premier Bancorp were worth $740,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PPBI. Lazard Asset Management LLC acquired a new stake in Pacific Premier Bancorp in the first quarter valued at $32,000. Advisors Asset Management Inc. lifted its holdings in Pacific Premier Bancorp by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 2,201 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 507 shares during the period. Quantbot Technologies LP acquired a new stake in Pacific Premier Bancorp in the second quarter valued at $152,000. Mackenzie Financial Corp lifted its holdings in Pacific Premier Bancorp by 13.7% in the first quarter. Mackenzie Financial Corp now owns 5,747 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 694 shares during the period. Finally, FMR LLC lifted its holdings in Pacific Premier Bancorp by 4.1% in the second quarter. FMR LLC now owns 7,449 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 296 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on PPBI. TheStreet downgraded Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. Piper Sandler lifted their price target on Pacific Premier Bancorp from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Stephens lifted their price target on Pacific Premier Bancorp from $23.00 to $26.00 in a research note on Monday, July 31st. Wedbush lifted their price target on Pacific Premier Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Finally, StockNews.com raised Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.40.
Pacific Premier Bancorp Trading Down 2.9 %
Pacific Premier Bancorp stock opened at $22.32 on Thursday. The stock has a market cap of $2.14 billion, a PE ratio of 7.97 and a beta of 1.25. The stock has a 50-day moving average price of $23.25 and a 200 day moving average price of $23.24. Pacific Premier Bancorp, Inc. has a 52 week low of $17.53 and a 52 week high of $37.50. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.40.
Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $245.93 million during the quarter, compared to analysts’ expectations of $180.58 million. Pacific Premier Bancorp had a return on equity of 9.53% and a net margin of 28.25%. During the same quarter last year, the business posted $0.73 EPS. Equities research analysts predict that Pacific Premier Bancorp, Inc. will post 2.35 earnings per share for the current fiscal year.
Pacific Premier Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Friday, August 4th. Pacific Premier Bancorp’s dividend payout ratio is presently 47.14%.
Pacific Premier Bancorp Profile
Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services to businesses, professionals, real estate investors, and non-profit organizations in the United States. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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