Kestra Private Wealth Services LLC Invests $656,000 in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Kestra Private Wealth Services LLC bought a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,551 shares of the financial services provider’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in Pacific Premier Bancorp by 135.5% in the 1st quarter. CWM LLC now owns 796 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 458 shares in the last quarter. Lazard Asset Management LLC bought a new position in Pacific Premier Bancorp in the 1st quarter worth about $32,000. Advisors Asset Management Inc. grew its stake in Pacific Premier Bancorp by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,201 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 507 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Pacific Premier Bancorp by 38.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 4,850 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Pacific Premier Bancorp by 13.7% in the 1st quarter. Mackenzie Financial Corp now owns 5,747 shares of the financial services provider’s stock worth $203,000 after buying an additional 694 shares during the period. 92.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PPBI has been the subject of several research reports. Raymond James upgraded Pacific Premier Bancorp from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $41.00 to $35.00 in a report on Thursday, July 7th. StockNews.com raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. Finally, Piper Sandler cut their target price on shares of Pacific Premier Bancorp to $41.00 in a research report on Monday, July 4th.

Pacific Premier Bancorp Stock Down 0.4 %

Pacific Premier Bancorp stock opened at $32.35 on Monday. The business has a fifty day moving average of $32.87 and a two-hundred day moving average of $32.87. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.34. The firm has a market cap of $3.07 billion, a P/E ratio of 9.89 and a beta of 1.23. Pacific Premier Bancorp, Inc. has a twelve month low of $27.92 and a twelve month high of $45.24.

Pacific Premier Bancorp (NASDAQ:PPBIGet Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Pacific Premier Bancorp had a net margin of 38.46% and a return on equity of 11.07%. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $193.39 million. During the same period in the previous year, the company posted $1.01 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that Pacific Premier Bancorp, Inc. will post 2.98 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 1st were paid a $0.33 dividend. The ex-dividend date was Friday, July 29th. This represents a $1.32 annualized dividend and a yield of 4.08%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 40.37%.

Pacific Premier Bancorp Profile

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Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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Institutional Ownership by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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