Pacific Premier Bancorp (NASDAQ:PPBI) Shares Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Pacific Premier Bancorp, Inc. NASDAQ: PPBI. In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Pacific Premier Bancorp stock on October 17th.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI traded up $0.21 on Friday, reaching $27.94. 798,649 shares of the company's stock were exchanged, compared to its average volume of 548,301. The stock has a fifty day simple moving average of $25.25 and a 200-day simple moving average of $24.11. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -186.27 and a beta of 1.21. Pacific Premier Bancorp, Inc. has a 52 week low of $19.32 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick 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 for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the business earned $0.48 earnings per share. As a group, sell-side analysts predict that Pacific Premier Bancorp, Inc. will post 1.59 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Monday, November 4th. Pacific Premier Bancorp's dividend payout ratio is currently -880.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PPBI. Raymond James boosted their price objective on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Stephens increased their price objective on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Thursday, July 25th. Finally, Wedbush dropped their target price on shares of 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 research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.50.

Institutional Investors Weigh In On Pacific Premier Bancorp

Several institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in shares of Pacific Premier Bancorp by 1.0% in 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 in the last quarter. Arizona State Retirement System boosted its holdings in Pacific Premier Bancorp by 1.8% in the second quarter. Arizona State Retirement System now owns 26,838 shares of the financial services provider's stock worth $616,000 after acquiring an additional 482 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in 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 worth $1,742,000 after acquiring an additional 631 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Pacific Premier Bancorp by 121.5% during 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, KBC Group NV increased its holdings in shares of 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 acquiring an additional 849 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 30,499 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.63, for a total transaction of $720,691.37. Following the transaction, the chief operating officer now owns 230,592 shares in the company, valued at approximately $5,448,888.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Pacific Premier Bancorp news, Director Jeff C. Jones sold 11,251 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $23.62, for a total transaction of $265,748.62. Following the sale, the director now directly owns 123,794 shares of the company's stock, valued at approximately $2,924,014.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Edward Earl Wilcox sold 30,499 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $23.63, for a total value of $720,691.37. Following the completion of the transaction, the chief operating officer now directly owns 230,592 shares of the company's stock, valued at approximately $5,448,888.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,023 shares of company stock valued at $1,245,713 in the last three months. 2.21% of the stock is owned by insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.