Strs Ohio Invests $804,000 in Pacific Premier Bancorp Inc $PPBI

Strs Ohio purchased a new position in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,700 shares of the financial services provider’s stock, valued at approximately $804,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPBI. HighTower Advisors LLC raised its stake in Pacific Premier Bancorp by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 19,848 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 477 shares during the last quarter. KBC Group NV raised its position in shares of Pacific Premier Bancorp by 11.0% in the first quarter. KBC Group NV now owns 5,501 shares of the financial services provider’s stock valued at $117,000 after buying an additional 546 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Pacific Premier Bancorp by 2.2% in the first quarter. Hexagon Capital Partners LLC now owns 25,250 shares of the financial services provider’s stock worth $538,000 after buying an additional 546 shares in the last quarter. GAMMA Investing LLC boosted its position in Pacific Premier Bancorp by 47.9% during the first quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 741 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its position in Pacific Premier Bancorp by 9.1% during the first quarter. Cresset Asset Management LLC now owns 10,251 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 853 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, General Counsel Steven R. Arnold sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.54, for a total transaction of $112,700.00. Following the sale, the general counsel directly owned 51,042 shares in the company, valued at $1,150,486.68. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.29% of the stock is owned by company insiders.

Pacific Premier Bancorp Stock Performance

PPBI opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day simple moving average is $23.16 and its two-hundred day simple moving average is $21.84. Pacific Premier Bancorp Inc has a 1-year low of $18.06 and a 1-year high of $30.28. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.25 and a beta of 1.20.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $145.64 million for the quarter, compared to analysts’ expectations of $147.67 million. Pacific Premier Bancorp had a return on equity of 4.85% and a net margin of 16.13%.During the same period in the prior year, the firm posted $0.43 earnings per share. Analysts expect 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. Shareholders of record on Tuesday, August 5th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, August 5th. Pacific Premier Bancorp’s payout ratio is currently 92.96%.

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.