Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) EVP Margaret S. Ohlhaver Sells 9,273 Shares

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) EVP Margaret S. Ohlhaver sold 9,273 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $27.96, for a total value of $259,273.08. Following the transaction, the executive vice president now directly owns 25,475 shares in the company, valued at approximately $712,281. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pacific Premier Bancorp Price Performance

Shares of Pacific Premier Bancorp stock traded up $0.23 on Friday, hitting $27.96. The company had a trading volume of 124,428 shares, compared to its average volume of 545,152. The business has a 50-day simple moving average of $25.25 and a 200-day simple moving average of $24.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $2.70 billion, a PE ratio of -184.85 and a beta of 1.21. Pacific Premier Bancorp, Inc. has a 52 week low of $19.32 and a 52 week high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $224.49 million for the quarter, compared to analyst estimates of $153.23 million. During the same period in the previous year, the business earned $0.48 EPS. Research analysts expect that Pacific Premier Bancorp, Inc. will post 1.59 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.72%. The ex-dividend date is Monday, November 4th. Pacific Premier Bancorp’s dividend payout ratio is presently -879.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stephens lifted their price target on shares of Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Raymond James boosted their price objective on shares of Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Wedbush reduced their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.50.

Institutional Trading of Pacific Premier Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Pacific Premier Bancorp by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,644,235 shares of the financial services provider’s stock valued at $129,645,000 after purchasing an additional 238,854 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Pacific Premier Bancorp by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 4,253,161 shares of the financial services provider’s stock valued at $97,695,000 after acquiring an additional 242,721 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Pacific Premier Bancorp by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,566,343 shares of the financial services provider’s stock valued at $35,979,000 after acquiring an additional 122,285 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Pacific Premier Bancorp by 56.0% in the 1st quarter. William Blair Investment Management LLC now owns 1,328,776 shares of the financial services provider’s stock valued at $31,891,000 after acquiring an additional 477,167 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Pacific Premier Bancorp by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,203,751 shares of the financial services provider’s stock valued at $27,650,000 after acquiring an additional 16,038 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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.