William Blair Investment Management LLC Purchases 30,647 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

William Blair Investment Management LLC increased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,313,437 shares of the financial services provider's stock after buying an additional 30,647 shares during the period. William Blair Investment Management LLC owned about 1.36% of Pacific Premier Bancorp worth $32,731,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PPBI. GSA Capital Partners LLP acquired a new stake in Pacific Premier Bancorp during the 3rd quarter worth approximately $417,000. KBC Group NV lifted its position in shares of Pacific Premier Bancorp by 30.0% in the 3rd quarter. KBC Group NV now owns 3,679 shares of the financial services provider's stock worth $93,000 after purchasing an additional 849 shares during the period. Natixis Advisors LLC lifted its position in shares of Pacific Premier Bancorp by 1.0% in the 3rd 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 during the period. LMR Partners LLP acquired a new position in shares of Pacific Premier Bancorp in the 3rd quarter worth approximately $313,000. Finally, Phocas Financial Corp. lifted its position 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 worth $7,031,000 after purchasing an additional 110,885 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock 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 assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.00.

Pacific Premier Bancorp Trading Down 0.6 %

Shares of NASDAQ:PPBI traded down $0.13 during mid-day trading on Friday, hitting $21.62. The company had a trading volume of 2,214,668 shares, compared to its average volume of 511,245. The firm has a fifty day moving average price of $24.08 and a 200 day moving average price of $25.29. The company has a market capitalization of $2.08 billion, a PE ratio of 13.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. Pacific Premier Bancorp, Inc. has a one year low of $20.52 and a one year high of $30.28.

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

Pacific Premier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.33 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 6.11%. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 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.