Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Stock Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 118.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,588 shares of the financial services provider’s stock after acquiring an additional 43,224 shares during the period. Quantbot Technologies LP owned 0.08% of Pacific Premier Bancorp worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in Pacific Premier Bancorp by 121.5% in the third 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. nVerses Capital LLC lifted its holdings in shares of 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 buying an additional 1,500 shares during the period. KBC Group NV boosted 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. Innealta Capital LLC acquired a new position in Pacific Premier Bancorp during the second quarter worth about $95,000. Finally, Point72 DIFC Ltd raised its position in Pacific Premier Bancorp by 202.9% in the second quarter. Point72 DIFC Ltd now owns 7,966 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 5,336 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wedbush reduced their price objective on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. One equities 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, the company presently has an average rating of “Hold” and an average target price of $26.50.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 30,499 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.63, for a total value of $720,691.37. Following the completion of the sale, the chief operating officer now owns 230,592 shares in the company, valued at $5,448,888.96. This represents a 11.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff C. Jones sold 11,251 shares of Pacific Premier Bancorp stock in a transaction on Monday, September 9th. The shares were sold at an average price of $23.62, for a total transaction of $265,748.62. Following the sale, the director now directly owns 123,794 shares of the company’s stock, valued at $2,924,014.28. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,023 shares of company stock valued at $1,245,713 over the last quarter. Company insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Trading Down 0.5 %

Shares of PPBI opened at $28.73 on Friday. The business’s 50-day moving average price is $26.29 and its 200 day moving average price is $24.67. 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 capitalization of $2.77 billion, a P/E ratio of -191.52 and a beta of 1.21. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $224.49 million for the quarter, compared to analyst estimates of $153.23 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. 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. Stockholders of record on Monday, November 4th were issued a $0.33 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.59%. Pacific Premier Bancorp’s payout ratio is currently -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.