Healthcare of Ontario Pension Plan Trust Fund Invests $1.33 Million in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 53,000 shares of the financial services provider's stock, valued at approximately $1,333,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.05% of Pacific Premier Bancorp at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Pacific Premier Bancorp by 11.9% in the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider's stock valued at $171,000 after buying an additional 723 shares during the period. Quantbot Technologies LP increased its position in Pacific Premier Bancorp by 118.9% in the third quarter. Quantbot Technologies LP now owns 79,588 shares of the financial services provider's stock worth $2,002,000 after purchasing an additional 43,224 shares during the period. Advantage Alpha Capital Partners LP raised its holdings in Pacific Premier Bancorp by 53.5% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,980 shares of the financial services provider's stock worth $478,000 after purchasing an additional 6,618 shares during the last quarter. Algert Global LLC lifted its position in Pacific Premier Bancorp by 22.0% during the 3rd quarter. Algert Global LLC now owns 234,616 shares of the financial services provider's stock valued at $5,903,000 after purchasing an additional 42,357 shares during the period. Finally, Citigroup Inc. grew its position in shares of Pacific Premier Bancorp by 3.4% during the 3rd quarter. Citigroup Inc. now owns 180,708 shares of the financial services provider's stock worth $4,547,000 after buying an additional 5,914 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Jeff C. Jones sold 11,251 shares of Pacific Premier Bancorp stock in a transaction on Monday, September 9th. The stock was 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 of the company's stock, valued at $2,924,014.28. The trade was a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margaret S. Ohlhaver sold 9,273 shares of the firm's 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 transaction, the executive vice president now directly owns 25,475 shares in the company, valued at approximately $712,281. This represents a 26.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,023 shares of company stock worth $1,245,713. 2.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wedbush cut their price target on Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.50.

Pacific Premier Bancorp Stock Down 1.0 %

NASDAQ PPBI traded down $0.29 during trading on Monday, hitting $28.11. The stock had a trading volume of 744,867 shares, compared to its average volume of 546,174. The company has a market capitalization of $2.71 billion, a PE ratio of -189.32 and a beta of 1.21. Pacific Premier Bancorp, Inc. has a 12 month low of $20.52 and a 12 month high of $30.28. The company's 50-day moving average price is $26.41 and its two-hundred day moving average price is $24.76. 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 announced its earnings results on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $224.49 million for the quarter, compared to analyst estimates of $153.23 million. During the same period last year, the firm earned $0.48 EPS. As a group, sell-side analysts forecast that Pacific Premier Bancorp, Inc. will post 1.6 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp's dividend payout ratio is -879.94%.

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.