Quest Partners LLC Has $1.15 Million Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Quest Partners LLC trimmed its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 52.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 45,864 shares of the financial services provider's stock after selling 50,526 shares during the period. Quest Partners LLC's holdings in Pacific Premier Bancorp were worth $1,154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PPBI. GAMMA Investing LLC raised its position 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 acquiring an additional 649 shares during the last quarter. nVerses Capital LLC increased its holdings in 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 valued at $71,000 after purchasing an additional 1,500 shares during the last quarter. KBC Group NV boosted its holdings in 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 worth $93,000 after buying an additional 849 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Pacific Premier Bancorp during the 2nd quarter worth about $95,000. Finally, Point72 DIFC Ltd grew its position in shares of Pacific Premier Bancorp by 202.9% during the 2nd quarter. Point72 DIFC Ltd now owns 7,966 shares of the financial services provider's stock worth $183,000 after buying an additional 5,336 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pacific Premier Bancorp

In related news, EVP Margaret S. Ohlhaver sold 9,273 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total transaction of $259,273.08. Following the transaction, the executive vice president now directly owns 25,475 shares in the company, valued at approximately $712,281. The trade was a 26.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff C. Jones sold 11,251 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $23.62, for a total transaction of $265,748.62. Following the completion of the sale, the director now owns 123,794 shares of the company's stock, valued at $2,924,014.28. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,023 shares of company stock valued at $1,245,713. Corporate insiders own 2.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PPBI shares. Stephens boosted 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 report on Thursday, July 25th. Wedbush decreased their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Finally, Raymond James raised their price objective on Pacific Premier Bancorp from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.50.

Pacific Premier Bancorp Stock Up 1.5 %

PPBI stock traded up $0.41 during trading hours on Thursday, reaching $28.02. 195,957 shares of the stock were exchanged, compared to its average volume of 546,468. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -186.79 and a beta of 1.21. The firm's 50-day moving average is $25.95 and its 200-day moving average is $24.50. Pacific Premier Bancorp, Inc. has a 12 month low of $20.52 and a 12 month 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 announced its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $224.49 million during the quarter, compared to analyst estimates of $153.23 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, equities research analysts expect that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors 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 4.71%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp's payout ratio is -879.94%.

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.