State of Alaska Department of Revenue Buys 4,329 Shares of Pacific Premier Bancorp Inc $PPBI

State of Alaska Department of Revenue lifted its stake in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,767 shares of the financial services provider’s stock after purchasing an additional 4,329 shares during the period. State of Alaska Department of Revenue owned 0.06% of Pacific Premier Bancorp worth $1,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Pacific Premier Bancorp by 3,053.2% in the 1st quarter. GAMMA Investing LLC now owns 48,780 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 47,233 shares during the period. SG Americas Securities LLC raised its stake in Pacific Premier Bancorp by 253.1% in the 1st quarter. SG Americas Securities LLC now owns 104,933 shares of the financial services provider’s stock valued at $2,237,000 after acquiring an additional 75,219 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Pacific Premier Bancorp in the 1st quarter valued at $352,000. Golden State Wealth Management LLC raised its stake in Pacific Premier Bancorp by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 12,644 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 6,322 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in Pacific Premier Bancorp by 3.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 53,830 shares of the financial services provider’s stock valued at $1,148,000 after acquiring an additional 1,614 shares during the period. Institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Price Performance

PPBI opened at $24.49 on Friday. Pacific Premier Bancorp Inc has a 1-year low of $18.06 and a 1-year high of $30.28. The stock’s fifty day simple moving average is $23.66 and its 200 day simple moving average is $22.01. 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 market cap of $2.38 billion, a PE ratio of 17.25 and a beta of 1.20.

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 for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Pacific Premier Bancorp had a return on equity of 4.85% and a net margin of 16.13%.The business had revenue of $145.64 million for the quarter, compared to analysts’ expectations of $147.67 million. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, research analysts expect that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, August 5th. Pacific Premier Bancorp’s dividend payout ratio is currently 92.96%.

Insider Buying and Selling

In other Pacific Premier Bancorp news, General Counsel Steven R. Arnold sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $22.54, for a total value of $112,700.00. Following the transaction, the general counsel directly owned 51,042 shares of the company’s stock, valued at $1,150,486.68. This represents a 8.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.29% of the stock is currently owned by corporate insiders.

About Pacific Premier Bancorp

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.