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

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) EVP Margaret S. Ohlhaver sold 9,273 shares of Pacific Premier Bancorp stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total value of $259,273.08. Following the sale, the executive vice president now owns 25,475 shares in the company, valued at $712,281. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pacific Premier Bancorp Trading Up 0.8 %

Pacific Premier Bancorp stock opened at $27.94 on Monday. Pacific Premier Bancorp, Inc. has a 1 year low of $19.32 and a 1 year high of $30.13. The firm’s 50-day moving average is $25.29 and its 200-day moving average is $24.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $2.69 billion, a P/E ratio of -186.25 and a beta of 1.21.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $153.23 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, equities analysts expect that Pacific Premier Bancorp, Inc. will post 1.6 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on PPBI. Stephens upped 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 report on Thursday, July 25th. Raymond James upped their target price 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 decreased their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PPBI. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 238,854 shares during the period. American Century Companies Inc. boosted its stake in Pacific Premier Bancorp by 6.1% during 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 purchasing an additional 242,721 shares during the period. Victory Capital Management Inc. boosted its stake in Pacific Premier Bancorp by 8.5% during 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 purchasing an additional 122,285 shares during the period. William Blair Investment Management LLC grew its position in 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 worth $31,891,000 after purchasing an additional 477,167 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Pacific Premier Bancorp by 1.4% in the second 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 purchasing an additional 16,038 shares during the period. 93.11% of the stock is currently owned by institutional investors.

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.