SG Americas Securities LLC Buys 24,660 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

SG Americas Securities LLC lifted its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 487.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,714 shares of the financial services provider’s stock after purchasing 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 Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Pacific Premier Bancorp by 121.5% in the third 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 period. Point72 Asset Management L.P. bought a new stake in shares of Pacific Premier Bancorp in the third quarter worth approximately $60,000. KBC Group NV boosted its holdings in shares of 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 worth $93,000 after buying an additional 849 shares during the last quarter. 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 last quarter. Finally, CWC Advisors LLC. purchased a new position in shares of Pacific Premier Bancorp in the third quarter worth approximately $235,000. 93.11% of the stock is currently owned by institutional investors.

Pacific Premier Bancorp Stock Down 0.0 %

Shares of PPBI opened at $25.79 on Thursday. The firm has a market capitalization of $2.49 billion, a P/E ratio of -171.92 and a beta of 1.26. Pacific Premier Bancorp, Inc. has a 12-month low of $20.52 and a 12-month high of $30.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $25.93 and a 200-day moving average price of $25.76.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Equities research analysts expect that Pacific Premier Bancorp, Inc. will post 1.59 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on PPBI shares. Wedbush dropped their price objective 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. DA Davidson dropped their price objective on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling at Pacific Premier Bancorp

In other news, EVP Margaret S. Ohlhaver sold 9,273 shares of the firm’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 transaction of $259,273.08. Following the sale, the executive vice president now owns 25,475 shares of the company’s stock, valued at $712,281. This trade represents a 26.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 in the company, 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. 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.