Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 85.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,020 shares of the financial services provider’s stock after buying an additional 69,546 shares during the quarter. Jane Street Group LLC’s holdings in Pacific Premier Bancorp were worth $3,800,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of Pacific Premier Bancorp by 1.0% during the 3rd quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 449 shares in the last quarter. Arizona State Retirement System increased its stake in Pacific Premier Bancorp by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 26,838 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 482 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Pacific Premier Bancorp by 0.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 75,842 shares of the financial services provider’s stock worth $1,742,000 after buying an additional 631 shares during the period. GAMMA Investing LLC lifted its stake in Pacific Premier Bancorp by 121.5% during the third quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock valued at $30,000 after buying an additional 649 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Pacific Premier Bancorp by 11.9% in the third quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock worth $171,000 after buying an additional 723 shares during the period. Institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush cut their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One research 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’s stock. According to data from MarketBeat.com, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $26.50.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of the business’s 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 of the company’s stock, valued at $712,281. The trade was a 26.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Price Performance

NASDAQ PPBI opened at $24.92 on Thursday. The company has a 50 day simple moving average of $27.11 and a 200-day simple moving average of $25.17. Pacific Premier Bancorp, Inc. has a 52-week low of $20.52 and a 52-week high of $30.28. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -166.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued 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 business had revenue of $224.49 million for the quarter, compared to the consensus estimate of $153.23 million. During the same period in the prior year, the business earned $0.48 earnings per share. Equities research analysts predict that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.30%. The ex-dividend date was Monday, November 4th. Pacific Premier Bancorp’s payout ratio is currently -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.