Aigen Investment Management LP Acquires New Shares in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Aigen Investment Management LP acquired a new stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,692 shares of the financial services provider’s stock, valued at approximately $316,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its holdings in Pacific Premier Bancorp by 1.0% in the third quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider’s stock valued at $1,124,000 after acquiring an additional 449 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Pacific Premier Bancorp by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 487 shares in the last quarter. FMR LLC lifted its stake in Pacific Premier Bancorp by 11.9% during the third quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 723 shares in the last quarter. HighTower Advisors LLC lifted its stake in Pacific Premier Bancorp by 4.4% during the third quarter. HighTower Advisors LLC now owns 18,599 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 789 shares in the last quarter. Finally, KBC Group NV lifted its stake in Pacific Premier Bancorp by 30.0% during the third quarter. KBC Group NV now owns 3,679 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 849 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson decreased their price target on 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 equities 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 company’s stock. According to data from MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $27.00.

Pacific Premier Bancorp Stock Down 0.7 %

Pacific Premier Bancorp stock opened at $22.27 on Friday. Pacific Premier Bancorp, Inc. has a twelve month low of $20.52 and a twelve month high of $30.28. The stock’s fifty day simple moving average is $24.61 and its 200-day simple moving average is $25.55. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.15 billion, a P/E ratio of 13.58 and a beta of 1.25.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s dividend payout ratio is currently 80.49%.

Insider Transactions at Pacific Premier Bancorp

In other news, EVP Michael S. Karr sold 10,290 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total transaction of $276,492.30. Following the sale, the executive vice president now owns 79,474 shares of the company’s stock, valued at approximately $2,135,466.38. This represents a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.21% of the company’s stock.

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.