Wealth Enhancement Advisory Services LLC Grows Holdings in Pacific Premier Bancorp Inc $PPBI

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 32.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,796 shares of the financial services provider’s stock after acquiring an additional 5,306 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Pacific Premier Bancorp were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Quarry LP increased its stake in shares of Pacific Premier Bancorp by 488.3% during the first quarter. Quarry LP now owns 1,459 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,211 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Pacific Premier Bancorp by 8,794.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,601 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,583 shares during the last quarter. GAMMA Investing LLC increased its position in Pacific Premier Bancorp by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider’s stock valued at $49,000 after buying an additional 741 shares in the last quarter. KBC Group NV raised its stake in Pacific Premier Bancorp by 11.0% during 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. Finally, State of Wyoming boosted its holdings in Pacific Premier Bancorp by 56.2% in the first quarter. State of Wyoming now owns 7,222 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 2,597 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Insiders Place Their Bets

In related 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 shares were sold at an average price of $22.54, for a total value of $112,700.00. Following the completion of the transaction, the general counsel directly owned 51,042 shares in the company, valued at $1,150,486.68. The trade was a 8.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.29% of the stock is currently owned by insiders.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ:PPBI opened at $24.49 on Monday. The business has a fifty day moving average price of $23.66 and a 200-day moving average price of $22.01. 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 has a market capitalization of $2.38 billion, a PE ratio of 17.25 and a beta of 1.20. Pacific Premier Bancorp Inc has a 1-year low of $18.06 and a 1-year high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $145.64 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.43 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.32 annualized dividend and a dividend yield of 5.4%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 92.96%.

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.