BNP Paribas Financial Markets Has $1.39 Million Stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

BNP Paribas Financial Markets reduced its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,316 shares of the financial services provider’s stock after selling 24,844 shares during the period. BNP Paribas Financial Markets’ holdings in Pacific Premier Bancorp were worth $1,392,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PPBI. GAMMA Investing LLC boosted its position in Pacific Premier Bancorp by 121.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 649 shares during the last quarter. nVerses Capital LLC boosted its holdings in Pacific Premier Bancorp by 93.8% during the second quarter. nVerses Capital LLC now owns 3,100 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,500 shares during the last quarter. KBC Group NV grew its position in Pacific Premier Bancorp by 30.0% in the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 849 shares in the last quarter. Innealta Capital LLC acquired a new stake in Pacific Premier Bancorp in the 2nd quarter valued at $95,000. Finally, FMR LLC lifted its position in Pacific Premier Bancorp by 11.9% during the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock worth $171,000 after buying an additional 723 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush decreased their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, October 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 company. According to data from MarketBeat.com, Pacific Premier Bancorp currently has an average rating of “Hold” and an average price target of $26.50.

Insider Transactions at Pacific Premier Bancorp

In other news, EVP Margaret S. Ohlhaver sold 9,273 shares of Pacific Premier Bancorp stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total value of $259,273.08. Following the completion of the sale, the executive vice president now directly owns 25,475 shares in the company, valued at approximately $712,281. The trade was a 26.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Stock Performance

PPBI opened at $27.77 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp, Inc. has a 12-month low of $20.52 and a 12-month high of $30.28. The business has a 50 day moving average of $26.69 and a 200-day moving average of $24.91. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -185.13 and a beta of 1.24.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $224.49 million for the quarter, compared to the consensus estimate of $153.23 million. During the same period in the previous year, the company posted $0.48 EPS. On average, equities research analysts expect that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Monday, November 4th. Pacific Premier Bancorp’s payout ratio is -880.00%.

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.