25,690 Shares in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,690 shares of the financial services provider’s stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds have also modified their holdings of PPBI. Point72 Asset Management L.P. acquired a new position in Pacific Premier Bancorp during the 3rd quarter worth $60,000. Smartleaf Asset Management LLC grew its holdings in Pacific Premier Bancorp by 158.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,853 shares during the last quarter. KBC Group NV grew its stake in shares of Pacific Premier Bancorp by 34.7% in the fourth quarter. KBC Group NV now owns 4,955 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Pacific Premier Bancorp in the 4th quarter valued at approximately $158,000. Finally, FMR LLC increased its position 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 valued at $171,000 after purchasing an additional 723 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Stock Performance

Pacific Premier Bancorp stock opened at $21.98 on Tuesday. Pacific Premier Bancorp, Inc. has a 52-week low of $20.52 and a 52-week high of $30.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $25.27. The firm has a market capitalization of $2.12 billion, a P/E ratio of 13.40 and a beta of 1.25.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. As a group, analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 6.01%. Pacific Premier Bancorp’s dividend payout ratio is 80.49%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their price target on shares of 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 given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pacific Premier Bancorp has an average rating of “Hold” and an average price target of $27.00.

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.