Trexquant Investment LP Acquires New Stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Trexquant Investment LP acquired 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 acquired 25,737 shares of the financial services provider's stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Pacific Premier Bancorp in the 3rd quarter worth $60,000. Smartleaf Asset Management LLC raised its holdings in Pacific Premier Bancorp by 158.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,853 shares in the last quarter. KBC Group NV lifted its position in Pacific Premier Bancorp by 34.7% in the fourth quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 1,276 shares during the period. Golden State Wealth Management LLC purchased a new stake in Pacific Premier Bancorp in the 4th quarter valued at approximately $158,000. Finally, 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 worth $171,000 after purchasing an additional 723 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Premier Bancorp Price Performance

PPBI traded down $0.09 on Thursday, hitting $18.93. 150,104 shares of the company were exchanged, compared to its average volume of 593,955. The business's fifty day moving average is $22.09 and its 200 day moving average is $24.67. Pacific Premier Bancorp, Inc. has a fifty-two week low of $18.06 and a fifty-two week 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. The firm has a market capitalization of $1.84 billion, a P/E ratio of 11.57 and a beta of 1.16.

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 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp's dividend payout ratio is currently 80.49%.

Wall Street Analyst Weigh In

Separately, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pacific Premier Bancorp presently has an average rating of "Hold" and a consensus target price 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.