Tempus Wealth Planning LLC Makes New $422,000 Investment in Pacific Premier Bancorp Inc $PPBI

Tempus Wealth Planning LLC purchased a new stake in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the financial services provider’s stock, valued at approximately $422,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP boosted its position in Pacific Premier Bancorp by 488.3% during the 1st quarter. Quarry LP now owns 1,459 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,211 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 valued at $34,000 after purchasing an additional 1,583 shares during the period. GAMMA Investing LLC boosted its position in shares of Pacific Premier Bancorp by 47.9% during the first quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 741 shares in the last quarter. KBC Group NV grew its stake in Pacific Premier Bancorp by 11.0% in the first 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 during the period. Finally, State of Wyoming raised its holdings in Pacific Premier Bancorp by 56.2% in the first 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. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Premier Bancorp Stock Performance

Shares of Pacific Premier Bancorp stock opened at $24.49 on Monday. Pacific Premier Bancorp Inc has a 12 month low of $18.06 and a 12 month high of $30.28. The firm has a market capitalization of $2.38 billion, a P/E ratio of 17.25 and a beta of 1.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $23.41 and a two-hundred day simple moving average of $21.93.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Pacific Premier Bancorp had a net margin of 16.13% and a return on equity of 4.85%. The company had revenue of $145.64 million during the quarter, compared to analyst estimates of $147.67 million. During the same period last year, the business earned $0.43 EPS. On average, equities analysts forecast that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, August 5th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 92.96%.

Insider Activity at Pacific Premier Bancorp

In related news, General Counsel Steven R. Arnold sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $22.54, for a total value of $112,700.00. Following the sale, the general counsel owned 51,042 shares in the company, valued at $1,150,486.68. This represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.29% of the stock is currently owned by corporate insiders.

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.