Deutsche Bank AG Acquires 26,888 Shares of Pacific Premier Bancorp Inc $PPBI

Deutsche Bank AG lifted its holdings in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 30.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,419 shares of the financial services provider’s stock after purchasing an additional 26,888 shares during the quarter. Deutsche Bank AG owned 0.12% of Pacific Premier Bancorp worth $2,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Pacific Premier Bancorp by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,362,284 shares of the financial services provider’s stock worth $29,044,000 after purchasing an additional 17,594 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Pacific Premier Bancorp during the first quarter worth $887,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Pacific Premier Bancorp by 21.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,239 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 5,767 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Pacific Premier Bancorp in the 1st quarter valued at $1,530,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in Pacific Premier Bancorp by 100.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 33,295 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 16,684 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Trading Up 0.0%

NASDAQ PPBI opened at $23.25 on Wednesday. Pacific Premier Bancorp Inc has a 12 month low of $18.06 and a 12 month high of $30.28. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $21.89 and a 200-day moving average of $21.89. The company has a market cap of $2.26 billion, a PE ratio of 16.37 and a beta of 1.19.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $145.64 million for the quarter, compared to analyst estimates of $147.67 million. Pacific Premier Bancorp had a net margin of 16.13% and a return on equity of 4.85%. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that Pacific Premier Bancorp Inc will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.7%. The ex-dividend date was Tuesday, August 5th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 92.96%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PPBI. Wall Street Zen began coverage on Pacific Premier Bancorp in a research note on Thursday, May 22nd. They issued a “sell” rating on the stock. DA Davidson downgraded Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

Insider Buying and Selling

In other Pacific Premier Bancorp news, General Counsel Steven R. Arnold sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $22.54, for a total transaction of $112,700.00. Following the transaction, the general counsel owned 51,042 shares of the company’s stock, valued at $1,150,486.68. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.29% of the company’s stock.

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.