Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 71.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,652 shares of the financial services provider's stock after purchasing an additional 84,859 shares during the period. Barclays PLC owned about 0.21% of Pacific Premier Bancorp worth $5,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PPBI. Natixis Advisors LLC raised its position in shares of Pacific Premier Bancorp by 1.0% during the 3rd 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. Arizona State Retirement System raised its holdings in shares of Pacific Premier Bancorp by 1.8% during the second quarter. Arizona State Retirement System now owns 26,838 shares of the financial services provider's stock valued at $616,000 after acquiring an additional 482 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Pacific Premier Bancorp by 0.8% in the second quarter. Cubist Systematic Strategies LLC now owns 75,842 shares of the financial services provider's stock valued at $1,742,000 after acquiring an additional 631 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Pacific Premier Bancorp by 121.5% in the third quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider's stock worth $30,000 after acquiring an additional 649 shares during the last quarter. Finally, FMR LLC increased its position in shares of Pacific Premier Bancorp by 11.9% during the third quarter. FMR LLC now owns 6,782 shares of the financial services provider's stock worth $171,000 after purchasing an additional 723 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of Pacific Premier Bancorp stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $27.96, for a total transaction of $259,273.08. Following the completion of the sale, the executive vice president now directly owns 25,475 shares in the company, valued at $712,281. This trade represents a 26.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael S. Karr sold 10,290 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total transaction of $276,492.30. Following the completion of the sale, the executive vice president now directly owns 79,474 shares in the company, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company's stock.

Pacific Premier Bancorp Trading Up 2.0 %

NASDAQ PPBI traded up $0.48 on Friday, reaching $25.07. 1,916,166 shares of the company were exchanged, compared to its average volume of 547,248. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The business's fifty day moving average price is $27.08 and its 200 day moving average price is $25.19. The stock has a market capitalization of $2.42 billion, a P/E ratio of -167.12 and a beta of 1.24. Pacific Premier Bancorp, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $224.49 million for the quarter, compared to analysts' expectations of $153.23 million. During the same quarter last year, the firm posted $0.48 earnings per share. Analysts forecast that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, November 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.27%. Pacific Premier Bancorp's dividend payout ratio is currently -880.00%.

Analysts Set New Price Targets

Separately, Wedbush decreased their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.50.

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.