Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Bought by Amundi

Amundi boosted its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 184.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,317 shares of the financial services provider's stock after acquiring an additional 31,342 shares during the period. Amundi owned 0.05% of Pacific Premier Bancorp worth $1,162,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its holdings in 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 valued at $1,124,000 after acquiring an additional 449 shares in the last quarter. CIBC Asset Management Inc increased its stake in Pacific Premier Bancorp by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 487 shares during the last quarter. FMR LLC increased its stake in Pacific Premier Bancorp by 11.9% during the third 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 during the last quarter. HighTower Advisors LLC increased its stake in Pacific Premier Bancorp by 4.4% during the third quarter. HighTower Advisors LLC now owns 18,599 shares of the financial services provider's stock valued at $468,000 after purchasing an additional 789 shares during the last quarter. Finally, KBC Group NV increased its stake in Pacific Premier Bancorp by 30.0% during the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 849 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price target on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $27.00.

Pacific Premier Bancorp Stock Performance

Shares of Pacific Premier Bancorp stock traded down $0.13 during trading on Friday, hitting $21.62. 2,214,668 shares of the stock were exchanged, compared to its average volume of 511,245. The stock's fifty day moving average is $24.08 and its 200 day moving average is $25.29. The stock has a market cap of $2.08 billion, a PE ratio of 13.18 and a beta of 1.25. 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 12 month low of $20.52 and a 12 month high of $30.28.

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, beating 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%. As a group, sell-side analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.33 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 6.11%. Pacific Premier Bancorp's dividend payout ratio is presently 80.49%.

About Pacific Premier Bancorp

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.