GAMMA Investing LLC Invests $42,000 in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

GAMMA Investing LLC purchased a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,439 shares of the financial services provider’s stock, valued at approximately $42,000.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP purchased a new stake in Pacific Premier Bancorp in the third quarter valued at approximately $200,000. Vest Financial LLC acquired a new position in Pacific Premier Bancorp during the fourth quarter valued at approximately $237,000. SteelPeak Wealth LLC acquired a new position in Pacific Premier Bancorp during the fourth quarter valued at approximately $262,000. Fox Run Management L.L.C. acquired a new position in Pacific Premier Bancorp during the third quarter valued at approximately $292,000. Finally, Teza Capital Management LLC lifted its position in Pacific Premier Bancorp by 13.6% during the third quarter. Teza Capital Management LLC now owns 13,417 shares of the financial services provider’s stock valued at $292,000 after buying an additional 1,610 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PPBI shares. Stephens reaffirmed an “equal weight” rating and set a $28.00 price target on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. TheStreet cut shares of Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Raymond James reissued an “outperform” rating and set a $25.00 target price (down from $29.00) on shares of Pacific Premier Bancorp in a research report on Thursday, April 25th. DA Davidson reduced their target price on shares of Pacific Premier Bancorp from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. One investment 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. According to data from MarketBeat.com, Pacific Premier Bancorp has an average rating of “Hold” and a consensus target price of $26.33.

Pacific Premier Bancorp Trading Up 0.8 %

PPBI opened at $22.95 on Friday. The stock has a market capitalization of $2.21 billion, a PE ratio of 176.54 and a beta of 1.21. The firm’s fifty day moving average price is $22.73 and its 200 day moving average price is $24.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.93. Pacific Premier Bancorp, Inc. has a 12-month low of $17.53 and a 12-month high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $239.21 million for the quarter, compared to analysts’ expectations of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, research analysts expect that Pacific Premier Bancorp, Inc. will post 1.79 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 annualized dividend and a yield of 5.75%. Pacific Premier Bancorp’s payout ratio is 1,015.38%.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $23.92 per share, for a total transaction of $28,704.00. Following the completion of the purchase, the director now directly owns 14,507 shares in the company, valued at $347,007.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.21% of the stock is owned by insiders.

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.