Amundi Has $1.16 Million Stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Amundi increased its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 184.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,317 shares of the financial services provider’s stock after purchasing an additional 31,342 shares during the period. Amundi’s holdings in Pacific Premier Bancorp were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PPBI. Azora Capital LP acquired a new stake in Pacific Premier Bancorp in the 3rd quarter valued at approximately $12,187,000. Raymond James Financial Inc. acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at approximately $8,720,000. Massachusetts Financial Services Co. MA lifted its position in shares of Pacific Premier Bancorp by 13.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider’s stock worth $69,651,000 after purchasing an additional 321,716 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Pacific Premier Bancorp by 58.9% during the fourth quarter. Fisher Asset Management LLC now owns 537,000 shares of the financial services provider’s stock worth $13,382,000 after purchasing an additional 199,000 shares during the last quarter. Finally, Phocas Financial Corp. grew its position in Pacific Premier Bancorp by 65.8% in the third quarter. Phocas Financial Corp. now owns 279,443 shares of the financial services provider’s stock valued at $7,031,000 after purchasing an additional 110,885 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson cut 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 report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.00.

Pacific Premier Bancorp Stock Down 0.9 %

Pacific Premier Bancorp stock opened at $22.14 on Wednesday. Pacific Premier Bancorp, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $30.28. The firm has a market capitalization of $2.14 billion, a PE ratio of 13.50 and a beta of 1.25. The company’s 50-day moving average is $24.19 and its 200-day moving average is $25.36. 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 released its quarterly earnings data 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 return on equity of 5.43% and a net margin of 17.54%. Sell-side analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s payout ratio is presently 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.