Mutual of America Capital Management LLC Buys 710 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

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Mutual of America Capital Management LLC raised its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,601 shares of the financial services provider’s stock after acquiring an additional 710 shares during the period. Mutual of America Capital Management LLC’s holdings in Pacific Premier Bancorp were worth $481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of Pacific Premier Bancorp by 135.5% in the 1st quarter. CWM LLC now owns 796 shares of the financial services provider’s stock worth $28,000 after buying an additional 458 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Pacific Premier Bancorp in the 4th quarter worth about $33,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Pacific Premier Bancorp by 243.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 976 shares of the financial services provider’s stock worth $39,000 after buying an additional 692 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Pacific Premier Bancorp by 25.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,500 shares of the financial services provider’s stock worth $134,000 after buying an additional 700 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of Pacific Premier Bancorp by 21.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 5,900 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,044 shares during the last quarter. 91.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, Director Joseph L. Garrett sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $31.21, for a total value of $78,025.00. Following the completion of the sale, the director now directly owns 83,075 shares of the company’s stock, valued at approximately $2,592,770.75. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of Pacific Premier Bancorp to $41.00 in a report on Monday, July 4th. StockNews.com raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 31st. Finally, Raymond James raised shares of Pacific Premier Bancorp from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $41.00 to $35.00 in a research note on Thursday, July 7th.

Pacific Premier Bancorp Price Performance

PPBI stock opened at $33.64 on Monday. Pacific Premier Bancorp, Inc. has a 12 month low of $27.92 and a 12 month high of $45.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $30.78 and a 200 day moving average price of $34.37. The stock has a market cap of $3.19 billion, a PE ratio of 10.29 and a beta of 1.20.

Pacific Premier Bancorp (NASDAQ:PPBIGet Rating) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $193.39 million. Pacific Premier Bancorp had a net margin of 38.46% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 3.01 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, August 1st will be given a $0.33 dividend. The ex-dividend date is Friday, July 29th. This represents a $1.32 annualized dividend and a yield of 3.92%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 40.37%.

About Pacific Premier Bancorp

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Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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