BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 64,429 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 11.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 641,256 shares of the financial services provider's stock after purchasing an additional 64,429 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.66% of Pacific Premier Bancorp worth $16,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPBI. CANADA LIFE ASSURANCE Co boosted its position in shares of Pacific Premier Bancorp by 4.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 112,161 shares of the financial services provider's stock worth $2,689,000 after buying an additional 4,627 shares during the period. Kennedy Capital Management LLC acquired a new stake in Pacific Premier Bancorp during the 1st quarter worth about $7,812,000. Linden Thomas Advisory Services LLC grew its stake in Pacific Premier Bancorp by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 53,171 shares of the financial services provider's stock valued at $1,221,000 after acquiring an additional 858 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Pacific Premier Bancorp by 215.7% in the 2nd quarter. SG Americas Securities LLC now owns 36,436 shares of the financial services provider's stock valued at $837,000 after purchasing an additional 24,893 shares during the period. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Pacific Premier Bancorp in the second quarter worth approximately $317,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Premier Bancorp Stock Up 2.9 %

Shares of Pacific Premier Bancorp stock traded up $0.82 during trading on Friday, hitting $28.73. 393,790 shares of the stock traded hands, compared to its average volume of 561,009. The stock has a market cap of $2.77 billion, a P/E ratio of -191.52 and a beta of 1.21. The company has a fifty day moving average price of $26.04 and a two-hundred day moving average price of $24.56. Pacific Premier Bancorp, Inc. has a twelve month low of $20.52 and a twelve month high of $30.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The business had revenue of $224.49 million for the quarter, compared to analysts' expectations of $153.23 million. During the same period in the previous year, the business earned $0.48 EPS. Equities research analysts predict that Pacific Premier Bancorp, Inc. will post 1.6 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp's dividend payout ratio is presently -879.94%.

Analyst Ratings Changes

Separately, Wedbush lowered their price objective on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $26.50.

Insiders Place Their Bets

In other news, EVP Margaret S. Ohlhaver sold 9,273 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $27.96, for a total transaction of $259,273.08. Following the transaction, the executive vice president now owns 25,475 shares of the company's stock, valued at approximately $712,281. This represents a 26.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeff C. Jones sold 11,251 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.62, for a total value of $265,748.62. Following the completion of the transaction, the director now directly owns 123,794 shares in the company, valued at $2,924,014.28. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,023 shares of company stock valued at $1,245,713 over the last three months. 2.21% of the stock is currently owned by insiders.

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.