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

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

Other large investors have also recently made changes to their positions in the company. Natixis Advisors LLC increased its position in shares of 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. CIBC Asset Management Inc grew its stake in Pacific Premier Bancorp by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock worth $241,000 after buying an additional 487 shares during the last quarter. FMR LLC increased its position in Pacific Premier Bancorp by 11.9% during 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 in the last quarter. HighTower Advisors LLC raised its stake in Pacific Premier Bancorp by 4.4% in the third quarter. HighTower Advisors LLC now owns 18,599 shares of the financial services provider's stock valued at $468,000 after buying an additional 789 shares during the last quarter. Finally, KBC Group NV boosted its holdings 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 worth $93,000 after acquiring an additional 849 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Separately, DA Davidson cut their price objective on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, January 24th. One investment 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.00.

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock traded down $0.10 during mid-day trading on Tuesday, reaching $21.88. The stock had a trading volume of 776,410 shares, compared to its average volume of 512,748. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 13.34 and a beta of 1.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The business's fifty day moving average is $24.05 and its 200-day moving average is $25.27.

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

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp's dividend payout ratio is currently 80.49%.

Pacific Premier Bancorp 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.