Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,313,437 shares of the financial services provider’s stock after buying an additional 30,647 shares during the quarter. William Blair Investment Management LLC’s holdings in Pacific Premier Bancorp were worth $32,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PPBI. Point72 Asset Management L.P. acquired a new stake in Pacific Premier Bancorp during the third quarter valued at approximately $60,000. Smartleaf Asset Management LLC raised its stake 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 valued at $75,000 after buying an additional 1,853 shares in the last quarter. KBC Group NV raised its stake 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 valued at $93,000 after buying an additional 849 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Pacific Premier Bancorp during the 4th quarter worth approximately $158,000. Finally, FMR LLC raised its position in shares of 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. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson dropped their price target on 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 given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.00.

Pacific Premier Bancorp Stock Down 0.9 %

Shares of Pacific Premier Bancorp stock opened at $22.14 on Wednesday. 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 50 day simple moving average is $24.19 and its 200-day simple moving average is $25.36. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.50 and a beta of 1.25. Pacific Premier Bancorp, Inc. has a twelve month low of $20.52 and a twelve month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) 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%. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 80.49%.

About Pacific Premier Bancorp

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.