2 weeks Ago By ABMN Staff
Renaissance Technologies LLC lifted its holdings in Pacific Premier Bancorp, Inc. ( NASDAQ:PPBI – Free Report ) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 175,538 shares of the financial services provider’s stock after buying an additional 43,610 shares during the period. Renaissance Technologies LLC’s holdings in Pacific Premier Bancorp were worth $4,374,000 at the end of the most recent reporting period. Other hedge funds also recently made changes to their positions in the company.
Smartleaf Asset Management LLC boosted its stake in 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 valued at $75,000 after acquiring an additional 1,853 shares during the last quarter.
KBC Group NV raised its stake in 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 during the period.
Golden State Wealth Management LLC purchased a new stake in Pacific Premier Bancorp during the fourth quarter valued at about $158,000. Kestra Investment Management LLC bought a new position in Pacific Premier Bancorp during the fourth quarter worth about $220,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth $223,000.
93.11% of the stock is currently owned by institutional investors. Analysts Set New Price Targets 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 research note 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 company’s stock.
Based on data from MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $27.00. Pacific Premier Bancorp Price Performance Shares of NASDAQ PPBI opened at $19.
17 on Tuesday. Pacific Premier Bancorp, Inc. has a twelve month low of $18.
06 and a twelve month high of $30.28. The stock’s 50-day simple moving average is $21.
71 and its two-hundred day simple moving average is $24.57. The firm has a market capitalization of $1.
86 billion, a P/E ratio of 11.69 and a beta of 1.16.
The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.
09. 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, beating the consensus estimate of $0.32 by $0.03.
Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%.
As a group, equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.
About Pacific Premier Bancorp ( 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.
Further Reading 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. ( NASDAQ:PPBI – Free Report ).
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