Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lessened its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Teton Advisors Inc.’s holdings in Pacific Premier Bancorp were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. WBI Investments Inc. boosted its stake in Pacific Premier Bancorp by 4.8% in the 3rd quarter. WBI Investments Inc. now owns 15,328 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 708 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Pacific Premier Bancorp by 7.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,882 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 1,052 shares in the last quarter. GAMMA Investing LLC bought a new position in Pacific Premier Bancorp in the 4th quarter worth $42,000. Teza Capital Management LLC raised its holdings in Pacific Premier Bancorp by 13.6% in the 3rd quarter. Teza Capital Management LLC now owns 13,417 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 1,610 shares during the period. Finally, Truist Financial Corp raised its holdings in Pacific Premier Bancorp by 5.8% in the 4th quarter. Truist Financial Corp now owns 33,848 shares of the financial services provider’s stock worth $985,000 after acquiring an additional 1,842 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Buying and Selling at Pacific Premier Bancorp

In related news, Director Barbara Polsky purchased 1,200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were acquired at an average cost of $23.92 per share, with a total value of $28,704.00. Following the completion of the purchase, the director now directly owns 14,507 shares of the company’s stock, valued at $347,007.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Price Performance

NASDAQ:PPBI traded up $0.54 on Thursday, reaching $22.76. The stock had a trading volume of 814,147 shares, compared to its average volume of 543,238. The company has a market capitalization of $2.19 billion, a P/E ratio of 170.94 and a beta of 1.21. Pacific Premier Bancorp, Inc. has a 1-year low of $17.53 and a 1-year high of $30.13. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $22.75 and a 200-day moving average price of $24.11.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $239.21 million for the quarter, compared to analyst estimates of $166.98 million. Pacific Premier Bancorp had a net margin of 24.75% and a return on equity of 6.92%. During the same period in the previous year, the business earned $0.66 earnings per share. Research analysts forecast that Pacific Premier Bancorp, Inc. will post 1.79 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 5.80%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 1,015.46%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PPBI. Keefe, Bruyette & Woods dropped their price objective on shares of Pacific Premier Bancorp from $29.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Piper Sandler decreased their target price on shares of Pacific Premier Bancorp from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com upgraded shares of Pacific Premier Bancorp to a “sell” rating in a research report on Tuesday, April 23rd. Stephens reiterated an “equal weight” rating and set a $28.00 target price on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Finally, DA Davidson decreased their target price on shares of Pacific Premier Bancorp from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.33.

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.