EntryPoint Capital LLC Invests $640,000 in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

EntryPoint Capital LLC bought a new position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,690 shares of the financial services provider's stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in shares of Pacific Premier Bancorp by 1.0% in the third quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider's stock worth $1,124,000 after purchasing an additional 449 shares during the last quarter. Intech Investment Management LLC increased its holdings in Pacific Premier Bancorp by 77.7% in the 3rd quarter. Intech Investment Management LLC now owns 32,466 shares of the financial services provider's stock worth $817,000 after buying an additional 14,196 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Pacific Premier Bancorp by 13.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider's stock worth $69,651,000 after buying an additional 321,716 shares during the period. Charles Schwab Investment Management Inc. raised its position in Pacific Premier Bancorp by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,290,172 shares of the financial services provider's stock worth $32,461,000 after buying an additional 52,962 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Pacific Premier Bancorp by 3.4% during the 3rd quarter. Citigroup Inc. now owns 180,708 shares of the financial services provider's stock valued at $4,547,000 after acquiring an additional 5,914 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

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Analyst Ratings Changes

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

Pacific Premier Bancorp Price Performance

Shares of PPBI stock traded down $0.57 during mid-day trading on Friday, hitting $21.25. 600,771 shares of the stock were exchanged, compared to its average volume of 561,666. The company has a market cap of $2.05 billion, a PE ratio of 12.96 and a beta of 1.25. The firm has a fifty day moving average of $23.85 and a 200 day moving average of $25.20. Pacific Premier Bancorp, Inc. has a 52-week low of $20.52 and a 52-week high of $30.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its earnings results 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 net margin of 17.54% and a return on equity of 5.43%. Research 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 announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 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.