Nisa Investment Advisors LLC Sells 14,435 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Nisa Investment Advisors LLC decreased its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 74.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,859 shares of the financial services provider's stock after selling 14,435 shares during the period. Nisa Investment Advisors LLC's holdings in Pacific Premier Bancorp were worth $121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Azora Capital LP acquired a new position in shares of Pacific Premier Bancorp during the third quarter valued at about $12,187,000. Massachusetts Financial Services Co. MA increased its position in shares of Pacific Premier Bancorp by 13.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider's stock valued at $69,651,000 after purchasing an additional 321,716 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Pacific Premier Bancorp by 61.6% in the third quarter. Assenagon Asset Management S.A. now owns 644,443 shares of the financial services provider's stock valued at $16,214,000 after purchasing an additional 245,771 shares in the last quarter. Phocas Financial Corp. lifted its position in Pacific Premier Bancorp by 65.8% in the third quarter. Phocas Financial Corp. now owns 279,443 shares of the financial services provider's stock worth $7,031,000 after purchasing an additional 110,885 shares during the period. Finally, Barclays PLC lifted its position in shares of Pacific Premier Bancorp by 71.4% during the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider's stock worth $5,123,000 after buying an additional 84,859 shares during the period. Institutional investors own 93.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PPBI shares. Wedbush cut their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, October 25th. DA Davidson dropped their price objective on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.00.

Pacific Premier Bancorp Trading Down 1.7 %

Shares of Pacific Premier Bancorp stock traded down $0.44 during trading hours on Monday, hitting $25.13. The company's stock had a trading volume of 207,484 shares, compared to its average volume of 526,244. The company has a market capitalization of $2.42 billion, a PE ratio of 15.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day moving average of $25.83 and a 200 day moving average of $25.74. Pacific Premier Bancorp, Inc. has a 12 month low of $20.52 and a 12 month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating 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%. Analysts predict 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 declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be paid a $0.33 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.32 annualized dividend and a yield of 5.25%. Pacific Premier Bancorp's payout ratio is currently 80.49%.

Insiders Place Their Bets

In related news, EVP Margaret S. Ohlhaver sold 9,273 shares of Pacific Premier Bancorp stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $27.96, for a total transaction of $259,273.08. Following the completion of the sale, the executive vice president now directly owns 25,475 shares of the company's stock, valued at approximately $712,281. This trade represents a 26.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael S. Karr sold 10,290 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the transaction, the executive vice president now owns 79,474 shares in the company, valued at $2,135,466.38. The trade was a 11.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company's stock.

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.