Pacific Premier Bancorp (NASDAQ:PPBI) Reaches New 12-Month Low – Here’s Why

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.56 and last traded at $19.69, with a volume of 196448 shares. The stock had previously closed at $21.70.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their target price on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Pacific Premier Bancorp Stock Performance

The firm has a market capitalization of $1.86 billion, a PE ratio of 11.74 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $23.45 and a 200 day moving average of $25.09.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 EPS for the quarter, topping 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%. Equities research analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Monday, February 3rd. Pacific Premier Bancorp’s payout ratio is 80.49%.

Institutional Trading of Pacific Premier Bancorp

A number of hedge funds have recently made changes to their positions in PPBI. Jacobs Asset Management LLC raised its position in Pacific Premier Bancorp by 0.5% during the fourth quarter. Jacobs Asset Management LLC now owns 84,154 shares of the financial services provider’s stock valued at $2,097,000 after purchasing an additional 400 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Pacific Premier Bancorp by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 487 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Pacific Premier Bancorp by 4.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,196 shares of the financial services provider’s stock valued at $379,000 after buying an additional 591 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Pacific Premier Bancorp by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,025 shares of the financial services provider’s stock worth $250,000 after buying an additional 643 shares during the last quarter. Finally, FMR LLC boosted its stake in Pacific Premier Bancorp by 11.9% in the third quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock worth $171,000 after buying an additional 723 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Pacific Premier Bancorp Company 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.