Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Short Interest Update

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,340,000 shares, a decline of 29.5% from the January 15th total of 1,900,000 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 538,900 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wedbush decreased their target price on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. DA Davidson decreased their target price on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.00.

Insider Buying and Selling

In other Pacific Premier Bancorp news, EVP Michael S. Karr sold 10,290 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the completion of the transaction, the executive vice president now directly owns 79,474 shares of the company’s stock, valued at approximately $2,135,466.38. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PPBI. GAMMA Investing LLC boosted its position in Pacific Premier Bancorp by 121.5% during the third quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 649 shares during the last quarter. Creative Planning acquired a new stake in shares of Pacific Premier Bancorp in the third quarter valued at approximately $427,000. Assenagon Asset Management S.A. lifted its position in shares of Pacific Premier Bancorp by 61.6% in the third quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider’s stock valued at $16,214,000 after buying an additional 245,771 shares during the last quarter. CWC Advisors LLC. acquired a new stake in shares of Pacific Premier Bancorp in the third quarter valued at approximately $235,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Pacific Premier Bancorp by 336.0% in the third quarter. Nisa Investment Advisors LLC now owns 19,294 shares of the financial services provider’s stock valued at $485,000 after buying an additional 14,869 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Pacific Premier Bancorp Stock Down 0.1 %

Shares of NASDAQ:PPBI traded down $0.02 during mid-day trading on Friday, reaching $25.16. 401,921 shares of the stock were exchanged, compared to its average volume of 561,813. 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 company has a market cap of $2.43 billion, a P/E ratio of 15.34 and a beta of 1.26. Pacific Premier Bancorp has a one year low of $20.52 and a one year high of $30.28. The stock’s 50 day simple moving average is $25.31 and its 200-day simple moving average is $25.63.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 EPS 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 research analysts predict that Pacific Premier Bancorp will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.33 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 5.25%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 80.49%.

About Pacific Premier Bancorp

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.