2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in Pacific Premier Bancorp, Inc. ( NASDAQ:PPBI – Free Report ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,740 shares of the financial services provider’s stock, valued at approximately $517,000.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Pacific Premier Bancorp by 5.
7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,535 shares of the financial services provider’s stock worth $3,787,000 after purchasing an additional 8,145 shares during the period.
Bank of New York Mellon Corp grew its position in shares of Pacific Premier Bancorp by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,128,723 shares of the financial services provider’s stock valued at $28,128,000 after purchasing an additional 14,310 shares in the last quarter.
Franklin Resources Inc. bought a new stake in shares of Pacific Premier Bancorp in the third quarter worth about $784,000. Proficio Capital Partners LLC purchased a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth about $1,009,000.
Finally, Barclays PLC boosted its stake in Pacific Premier Bancorp by 71.4% during the third quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock valued at $5,123,000 after buying an additional 84,859 shares during the last quarter.
Hedge funds and other institutional investors own 93.11% of the company’s stock. Analyst Ratings Changes Separately, DA Davidson decreased their price objective on 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company.
Based on data from MarketBeat.com, Pacific Premier Bancorp presently has an average rating of “Hold” and an average target price of $27.00.
Pacific Premier Bancorp Stock Performance PPBI stock opened at $19.75 on Friday. The company has a quick ratio of 0.
85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.
The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 12.04 and a beta of 1.
25. The business’s fifty day simple moving average is $23.56 and its two-hundred day simple moving average is $25.
12. Pacific Premier Bancorp, Inc. has a twelve month low of $19.
56 and a twelve month high of $30.28. Pacific Premier Bancorp ( NASDAQ:PPBI – Get Free Report ) last issued its quarterly earnings data on Thursday, January 23rd.
The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.
03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.
43%. Analysts predict that Pacific Premier Bancorp, Inc. will post 1.
34 earnings per share for the current year. Pacific Premier Bancorp Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a dividend of $0.
33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.
68%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s payout ratio is 80.
49%. Pacific Premier Bancorp Profile ( Free Report ) 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. See Also Five stocks we like better than Pacific Premier Bancorp Stock Average Calculator Shares of RH Down Nearly 40%: Where Investors Can Turn To Now 3 REITs to Buy and Hold for the Long Term Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian With Risk Tolerance, One Size Does Not Fit All Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy? Want to see what other hedge funds are holding PPBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Premier Bancorp, Inc.
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