SG Americas Securities LLC Has $740,000 Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

SG Americas Securities LLC boosted its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 487.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,714 shares of the financial services provider’s stock after buying an additional 24,660 shares during the period. SG Americas Securities LLC’s holdings in Pacific Premier Bancorp were worth $740,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PPBI. GAMMA Investing LLC boosted its holdings in Pacific Premier Bancorp by 121.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 649 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Pacific Premier Bancorp during the 3rd quarter worth approximately $60,000. KBC Group NV lifted its holdings in shares of Pacific Premier Bancorp by 30.0% during the 3rd quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 849 shares during the period. FMR LLC lifted its holdings in shares of 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 acquiring an additional 723 shares during the period. Finally, CWC Advisors LLC. bought a new stake in shares of Pacific Premier Bancorp during the 3rd quarter worth approximately $235,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Stock Performance

Shares of PPBI stock opened at $25.79 on Thursday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -171.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. Pacific Premier Bancorp, Inc. has a 52 week low of $20.52 and a 52 week high of $30.28. The firm’s 50-day simple moving average is $25.93 and its two-hundred day simple moving average is $25.76.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. As a group, equities analysts forecast that Pacific Premier Bancorp, Inc. will post 1.59 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 5.12%. Pacific Premier Bancorp’s dividend payout ratio is currently -879.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PPBI shares. Wedbush cut their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, October 25th. DA Davidson dropped their price objective on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.00.

Insiders Place Their Bets

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total transaction of $259,273.08. Following the completion of the sale, the executive vice president now owns 25,475 shares of the company’s stock, valued at $712,281. This represents a 26.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total transaction of $276,492.30. Following the sale, the executive vice president now directly owns 79,474 shares of the company’s stock, valued at $2,135,466.38. The trade was a 11.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.21% 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.