Hennessy Advisors Inc. Has $3.16 Million Stock Holdings in Pacific Premier Bancorp Inc $PPBI

Hennessy Advisors Inc. boosted its position in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 36.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,000 shares of the financial services provider’s stock after buying an additional 40,000 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.15% of Pacific Premier Bancorp worth $3,164,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PPBI. Nuveen LLC acquired a new position in Pacific Premier Bancorp during the 1st quarter worth $27,156,000. AQR Capital Management LLC lifted its holdings in Pacific Premier Bancorp by 1,506.0% during the 1st quarter. AQR Capital Management LLC now owns 509,897 shares of the financial services provider’s stock worth $10,871,000 after buying an additional 478,147 shares in the last quarter. Jane Street Group LLC acquired a new position in Pacific Premier Bancorp during the 1st quarter worth $7,338,000. Trexquant Investment LP lifted its stake in shares of Pacific Premier Bancorp by 844.8% in the 1st quarter. Trexquant Investment LP now owns 243,158 shares of the financial services provider’s stock valued at $5,184,000 after purchasing an additional 217,421 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Pacific Premier Bancorp by 96.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 277,421 shares of the financial services provider’s stock worth $5,915,000 after purchasing an additional 136,418 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Price Performance

Shares of Pacific Premier Bancorp stock opened at $24.49 on Friday. The business has a fifty day simple moving average of $23.66 and a 200 day simple moving average of $22.01. The stock has a market cap of $2.38 billion, a PE ratio of 17.25 and a beta of 1.20. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Pacific Premier Bancorp Inc has a 12 month low of $18.06 and a 12 month high of $30.28.

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

Insider Activity at Pacific Premier Bancorp

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