Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,363 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,924 shares of the financial services provider’s stock after buying an additional 1,363 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pacific Premier Bancorp were worth $527,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of Pacific Premier Bancorp in the 1st quarter valued at approximately $27,000. Capstone Investment Advisors LLC bought a new stake in shares of Pacific Premier Bancorp in the 1st quarter valued at approximately $217,000. FineMark National Bank & Trust bought a new stake in shares of Pacific Premier Bancorp in the 4th quarter valued at approximately $234,000. MQS Management LLC bought a new stake in shares of Pacific Premier Bancorp in the 1st quarter valued at approximately $235,000. Finally, SG Americas Securities LLC grew its stake in shares of Pacific Premier Bancorp by 15.9% in the 1st quarter. SG Americas Securities LLC now owns 11,543 shares of the financial services provider’s stock valued at $277,000 after buying an additional 1,580 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

PPBI has been the subject of several analyst reports. StockNews.com upgraded Pacific Premier Bancorp to a “sell” rating in a report on Friday, May 17th. Stephens boosted their target price on Pacific Premier Bancorp from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Raymond James boosted their target price on Pacific Premier Bancorp from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Wedbush boosted their target price on Pacific Premier Bancorp from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.50.

Pacific Premier Bancorp Stock Down 1.4 %

Shares of PPBI stock opened at $24.59 on Friday. Pacific Premier Bancorp, Inc. has a 12 month low of $17.86 and a 12 month high of $30.13. The firm has a market cap of $2.37 billion, a PE ratio of 189.15 and a beta of 1.24. The stock has a 50 day moving average of $25.03 and a 200-day moving average of $23.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.18.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $154.62 million for the quarter, compared to analyst estimates of $162.23 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts predict that Pacific Premier Bancorp, Inc. will post 1.65 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, August 5th. Pacific Premier Bancorp’s dividend payout ratio is presently 1,015.38%.

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.