Advantage Alpha Capital Partners LP Increases Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Advantage Alpha Capital Partners LP lifted its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,296 shares of the financial services provider’s stock after buying an additional 2,316 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Pacific Premier Bancorp were worth $531,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PPBI. Azora Capital LP purchased a new position in Pacific Premier Bancorp in the third quarter worth $12,187,000. Raymond James Financial Inc. purchased a new position in shares of Pacific Premier Bancorp in the 4th quarter valued at about $8,720,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Pacific Premier Bancorp by 13.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider’s stock valued at $69,651,000 after purchasing an additional 321,716 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Pacific Premier Bancorp by 58.9% in the fourth quarter. Fisher Asset Management LLC now owns 537,000 shares of the financial services provider’s stock valued at $13,382,000 after purchasing an additional 199,000 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Pacific Premier Bancorp by 16.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider’s stock worth $18,740,000 after buying an additional 107,544 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson reduced their price target 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 analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.00.

Pacific Premier Bancorp Stock Up 1.7 %

Shares of NASDAQ PPBI opened at $21.98 on Tuesday. The firm’s 50-day moving average is $24.05 and its two-hundred day moving average is $25.27. The company has a market capitalization of $2.12 billion, a PE ratio of 13.40 and a beta of 1.25. Pacific Premier Bancorp, Inc. has a 12-month low of $20.52 and a 12-month 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.

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

Pacific Premier Bancorp Announces Dividend

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

Pacific Premier Bancorp 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.