SG Americas Securities LLC Acquires 24,660 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

SG Americas Securities LLC lifted its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 487.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,714 shares of the financial services provider's stock after acquiring an additional 24,660 shares during the period. SG Americas Securities LLC's holdings in Pacific Premier Bancorp were worth $740,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Pacific Premier Bancorp by 121.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider's stock worth $30,000 after purchasing an additional 649 shares during the period. Point72 Asset Management L.P. bought a new stake in Pacific Premier Bancorp in the 3rd quarter valued at approximately $60,000. KBC Group NV boosted its position in Pacific Premier Bancorp by 30.0% during the 3rd 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 during the last quarter. FMR LLC raised its holdings in shares of Pacific Premier Bancorp by 11.9% in the third quarter. FMR LLC now owns 6,782 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 723 shares during the last quarter. Finally, CWC Advisors LLC. acquired a new stake in shares of Pacific Premier Bancorp in the third quarter valued at approximately $235,000. Institutional investors own 93.11% of the company's stock.

Insider Activity

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

Pacific Premier Bancorp Trading Up 1.0 %

Shares of PPBI stock opened at $26.05 on Thursday. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -173.99 and a beta of 1.26. The stock has a 50-day moving average of $25.93 and a 200-day moving average of $25.76.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. On average, equities research analysts forecast that Pacific Premier Bancorp, Inc. will post 1.59 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Monday, February 3rd. Pacific Premier Bancorp's dividend payout ratio (DPR) is currently -879.94%.

Wall Street Analysts Forecast Growth

PPBI has been the subject of a number of research analyst reports. DA Davidson reduced their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a report on Friday, January 24th. Wedbush decreased their target price on 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 assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Pacific Premier Bancorp currently has a consensus rating of "Hold" and a consensus price target of $27.00.

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.