Jane Street Group LLC Increases Stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Jane Street Group LLC boosted its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 85.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,020 shares of the financial services provider's stock after acquiring an additional 69,546 shares during the quarter. Jane Street Group LLC owned 0.16% of Pacific Premier Bancorp worth $3,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PPBI. GAMMA Investing LLC grew its holdings in shares of Pacific Premier Bancorp by 121.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 649 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Pacific Premier Bancorp in the third quarter worth about $60,000. nVerses Capital LLC increased its holdings in shares of Pacific Premier Bancorp by 93.8% in the second quarter. nVerses Capital LLC now owns 3,100 shares of the financial services provider's stock worth $71,000 after buying an additional 1,500 shares during the period. KBC Group NV lifted its stake in shares of Pacific Premier Bancorp by 30.0% in the 3rd quarter. KBC Group NV now owns 3,679 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 849 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Pacific Premier Bancorp during the 2nd quarter valued at about $95,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Pacific Premier Bancorp Trading Down 1.3 %

PPBI traded down $0.33 during midday trading on Thursday, reaching $24.59. 570,655 shares of the company's stock traded hands, compared to its average volume of 541,587. Pacific Premier Bancorp, Inc. has a 52 week low of $20.52 and a 52 week high of $30.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average of $27.10 and a two-hundred day moving average of $25.17. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -163.92 and a beta of 1.24.

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 the consensus estimate of $0.38 by ($0.01). The firm had revenue of $224.49 million during the quarter, compared to analysts' expectations of $153.23 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.33 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.32 annualized dividend and a dividend yield of 5.37%. Pacific Premier Bancorp's dividend payout ratio is -880.00%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP Michael S. Karr sold 10,290 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the sale, the executive vice president now directly owns 79,474 shares of the company's stock, valued at $2,135,466.38. This represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Margaret S. Ohlhaver sold 9,273 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total value of $259,273.08. Following the transaction, the executive vice president now directly owns 25,475 shares of the company's stock, valued at $712,281. This represents a 26.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company's stock.

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.