Caxton Associates LLP Takes Position in Pacific Premier Bancorp Inc $PPBI

Caxton Associates LLP bought a new stake in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,519 shares of the financial services provider’s stock, valued at approximately $501,000.

A number of other hedge funds also recently bought and sold shares of PPBI. Quarry LP boosted its stake in Pacific Premier Bancorp by 488.3% in the 1st quarter. Quarry LP now owns 1,459 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,211 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Pacific Premier Bancorp by 8,794.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,601 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,583 shares in the last quarter. GAMMA Investing LLC boosted its stake in Pacific Premier Bancorp by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 741 shares in the last quarter. KBC Group NV boosted its stake in Pacific Premier Bancorp by 11.0% in the 1st quarter. KBC Group NV now owns 5,501 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 546 shares in the last quarter. Finally, State of Wyoming boosted its stake in Pacific Premier Bancorp by 56.2% in the 1st quarter. State of Wyoming now owns 7,222 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 2,597 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, General Counsel Steven R. Arnold sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.54, for a total transaction of $112,700.00. Following the transaction, the general counsel owned 51,042 shares in the company, valued at approximately $1,150,486.68. This represents a 8.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.29% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of Pacific Premier Bancorp in a research note on Thursday, May 22nd. They issued a “sell” rating on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.50.

Pacific Premier Bancorp Price Performance

PPBI opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $2.38 billion, a P/E ratio of 17.25 and a beta of 1.20. The company’s 50-day simple moving average is $22.96 and its two-hundred day simple moving average is $21.80. Pacific Premier Bancorp Inc has a 52-week low of $18.06 and a 52-week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The business had revenue of $145.64 million for the quarter, compared to analysts’ expectations of $147.67 million. Pacific Premier Bancorp had a net margin of 16.13% and a return on equity of 4.85%. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.32 annualized dividend and a yield of 5.4%. Pacific Premier Bancorp’s dividend payout ratio is currently 92.96%.

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.