Proficio Capital Partners LLC Invests $1.01 Million in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Proficio Capital Partners LLC purchased a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,495 shares of the financial services provider's stock, valued at approximately $1,009,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Pacific Premier Bancorp in the 3rd quarter worth approximately $417,000. KBC Group NV raised its position in Pacific Premier Bancorp by 30.0% in the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 849 shares during the period. Natixis Advisors LLC lifted its stake in Pacific Premier Bancorp by 1.0% during the third 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. LMR Partners LLP acquired a new stake in shares of Pacific Premier Bancorp in the third quarter valued at $313,000. Finally, Phocas Financial Corp. raised its holdings in shares of Pacific Premier Bancorp by 65.8% in the 3rd quarter. Phocas Financial Corp. now owns 279,443 shares of the financial services provider's stock valued at $7,031,000 after buying an additional 110,885 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Pacific Premier Bancorp Stock Performance

NASDAQ PPBI traded down $0.30 during trading hours on Tuesday, hitting $21.05. The company had a trading volume of 840,628 shares, compared to its average volume of 514,964. The business has a 50 day moving average of $24.54 and a 200-day moving average of $25.53. The company has a market cap of $2.03 billion, a PE ratio of 12.84 and a beta of 1.25. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85.

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Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. As a group, equities research analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.27%. Pacific Premier Bancorp's payout ratio is 80.49%.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 of the company's stock, valued at approximately $2,135,466.38. This trade represents a 11.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.21% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson dropped their target price on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Pacific Premier Bancorp has a consensus rating of "Hold" and an average price target of $27.00.

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.