Bailard Inc. Invests $207,000 in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Bailard Inc. acquired a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,100 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other large investors also recently modified their holdings of PPBI. Brown Advisory Inc. boosted its position in Pacific Premier Bancorp by 4.0% during the third quarter. Brown Advisory Inc. now owns 1,709,458 shares of the financial services provider’s stock valued at $37,198,000 after acquiring an additional 66,113 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. boosted its position in shares of Pacific Premier Bancorp by 19.1% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 59,657 shares of the financial services provider’s stock valued at $1,298,000 after purchasing an additional 9,566 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Pacific Premier Bancorp by 7.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 1,052 shares during the period. Ieq Capital LLC acquired a new stake in Pacific Premier Bancorp during the third quarter worth approximately $6,091,000. Finally, Assenagon Asset Management S.A. increased its holdings in Pacific Premier Bancorp by 70.4% in the third quarter. Assenagon Asset Management S.A. now owns 265,597 shares of the financial services provider’s stock worth $5,779,000 after purchasing an additional 109,743 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Barbara Polsky acquired 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the acquisition, the director now owns 14,507 shares of the company’s stock, valued at approximately $347,007.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PPBI shares. Keefe, Bruyette & Woods cut their price target on Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. StockNews.com raised shares of Pacific Premier Bancorp to a “sell” rating in a research report on Tuesday, April 23rd. Raymond James reaffirmed an “outperform” rating and issued a $25.00 target price (down from $29.00) on shares of Pacific Premier Bancorp in a research report on Thursday, April 25th. Stephens reiterated an “equal weight” rating and issued a $28.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, January 30th. Finally, Piper Sandler reduced their price objective on Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and an average price target of $26.33.

Pacific Premier Bancorp Trading Up 0.0 %

PPBI opened at $21.99 on Tuesday. Pacific Premier Bancorp, Inc. has a fifty-two week low of $17.53 and a fifty-two week high of $30.13. The firm has a market capitalization of $2.11 billion, a PE ratio of 169.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.93. The company’s 50-day moving average is $22.84 and its 200 day moving average is $24.12.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Pacific Premier Bancorp had a return on equity of 6.92% and a net margin of 24.75%. The firm had revenue of $239.21 million during the quarter, compared to analyst estimates of $166.98 million. During the same period in the previous year, the company posted $0.66 EPS. As a group, research analysts predict that Pacific Premier Bancorp, Inc. will post 1.84 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 annualized dividend and a yield of 6.00%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 1,015.46%.

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.