Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,286,061 shares of the financial services provider's stock after selling 17,161 shares during the period. Geode Capital Management LLC owned 2.37% of Pacific Premier Bancorp worth $56,982,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of Pacific Premier Bancorp by 158.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after buying an additional 1,853 shares in the last quarter. KBC Group NV lifted its stake in Pacific Premier Bancorp by 34.7% in the 4th quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock worth $123,000 after purchasing an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Pacific Premier Bancorp during the 4th quarter worth approximately $158,000. FMR LLC boosted its holdings in shares of Pacific Premier Bancorp by 11.9% during the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider's stock worth $171,000 after purchasing an additional 723 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at approximately $220,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Premier Bancorp Trading Up 1.2 %

Shares of Pacific Premier Bancorp stock traded up $0.23 during mid-day trading on Friday, hitting $19.25. The stock had a trading volume of 986,065 shares, compared to its average volume of 597,851. The firm has a 50-day moving average of $21.96 and a two-hundred day moving average of $24.63. The firm has a market cap of $1.87 billion, a P/E ratio of 11.74 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. 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 - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (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%. Sell-side analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp's payout ratio is 80.49%.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their price objective on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Pacific Premier Bancorp presently has a consensus rating of "Hold" and a consensus target price of $27.00.

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.