Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) EVP Sells $276,492.30 in Stock

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Get Free Report) EVP Michael S. Karr sold 10,290 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total transaction of $276,492.30. Following the transaction, the executive vice president now directly owns 79,474 shares in the company, valued at $2,135,466.38. This trade represents a 11.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pacific Premier Bancorp Trading Down 1.3 %

PPBI traded down $0.33 during trading on Thursday, hitting $24.59. 570,655 shares of the stock traded hands, compared to its average volume of 541,587. The firm has a market capitalization of $2.37 billion, a P/E ratio of -163.92 and a beta of 1.24. The firm has a 50-day moving average of $27.10 and a 200 day moving average of $25.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. 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 announced its earnings results on Thursday, October 24th. The financial services provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $224.49 million during the quarter, compared to the consensus estimate of $153.23 million. During the same period in the previous year, the company posted $0.48 EPS. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.6 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Monday, November 4th. Pacific Premier Bancorp's payout ratio is -880.00%.

Analyst Ratings Changes

Separately, Wedbush cut their price target on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC lifted its stake in shares of Pacific Premier Bancorp by 1.0% in the third quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider's stock worth $1,124,000 after buying an additional 449 shares in the last quarter. Arizona State Retirement System raised its position in Pacific Premier Bancorp by 1.8% in the second quarter. Arizona State Retirement System now owns 26,838 shares of the financial services provider's stock worth $616,000 after acquiring an additional 482 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Pacific Premier Bancorp by 0.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 75,842 shares of the financial services provider's stock valued at $1,742,000 after acquiring an additional 631 shares during the period. GAMMA Investing LLC increased its stake in shares of Pacific Premier Bancorp by 121.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the financial services provider's stock worth $30,000 after purchasing an additional 649 shares in the last quarter. Finally, FMR LLC raised its holdings in Pacific Premier Bancorp by 11.9% in 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 period. Hedge funds and other institutional investors own 93.11% of the company's stock.

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.