2 weeks Ago By Defense World Staff
Geode Capital Management LLC cut its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 2,286,061 shares of the financial services provider’s stock after selling 17,161 shares during the quarter. Geode Capital Management LLC owned about 2.37% of Pacific Premier Bancorp worth $56,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Pacific Premier Bancorp by 158.4% in the fourth quarter.
Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,853 shares in the last quarter. KBC Group NV raised its holdings in shares of Pacific Premier Bancorp by 34.7% in the 4th quarter.
KBC Group NV now owns 4,955 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Pacific Premier Bancorp during the 4th quarter valued at about $158,000. FMR LLC grew its holdings in shares of Pacific Premier Bancorp by 11.
9% during the third quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 723 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $220,000.
93.11% of the stock is owned by institutional investors. Pacific Premier Bancorp Stock PerformanceNASDAQ:PPBI opened at $18.
35 on Monday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.
19 and a beta of 1.16. The business has a 50 day moving average of $22.
52 and a 200 day moving average of $24.79. The company has a debt-to-equity ratio of 0.
09, a current ratio of 0.85 and a quick ratio of 0.85.
Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.
28. Pacific Premier Bancorp (NASDAQ:PPBI – Get Free Report) last announced 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.
Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%.
On average, sell-side analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.
Pacific Premier Bancorp Announces DividendThe business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a $0.33 dividend.
This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.19%.
The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 80.49%.
Analyst Ratings ChangesSeparately, DA Davidson dropped their target price on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 24th.
One 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 stock. According to MarketBeat.com, Pacific Premier Bancorp has a consensus rating of “Hold” and a consensus target price of $27.
00.Read Our Latest Stock Analysis on Pacific Premier BancorpPacific 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.Recommended StoriesFive stocks we like better than Pacific Premier BancorpUtilities Stocks Explained – How and Why to Invest in UtilitiesIs McDonald’s Stock Serving a Value Meal to Investors? What is a Low P/E Ratio and What Does it Tell Investors?Walgreens Comeback? Private Equity Circling for a BuyoutWhat Is WallStreetBets and What Stocks Are They Targeting?Coca-Cola Stock Looks Refreshing After the Relief Rally.
