Schroder Investment Management Group Trims Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Schroder Investment Management Group decreased its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,380 shares of the financial services provider's stock after selling 83,222 shares during the quarter. Schroder Investment Management Group owned approximately 0.45% of Pacific Premier Bancorp worth $10,792,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in Pacific Premier Bancorp by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock worth $241,000 after purchasing an additional 487 shares during the last quarter. FMR LLC boosted its stake in shares of 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 buying an additional 723 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Pacific Premier Bancorp by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 19,371 shares of the financial services provider's stock valued at $483,000 after acquiring an additional 772 shares in the last quarter. LPL Financial LLC increased its position in shares of Pacific Premier Bancorp by 5.5% during the fourth quarter. LPL Financial LLC now owns 22,850 shares of the financial services provider's stock valued at $569,000 after acquiring an additional 1,194 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Pacific Premier Bancorp by 34.7% during the fourth quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 1,276 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their price objective on Pacific Premier Bancorp from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, January 24th. One equities 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. According to data from MarketBeat, Pacific Premier Bancorp currently has a consensus rating of "Hold" and a consensus target price of $27.00.

Pacific Premier Bancorp Stock Performance

NASDAQ PPBI traded down $0.04 on Tuesday, hitting $19.00. 1,107,874 shares of the stock traded hands, compared to its average volume of 583,774. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.59 and a beta of 1.16. The business's fifty day moving average is $23.04 and its two-hundred day moving average is $24.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. Pacific Premier Bancorp, Inc. has a 12 month low of $18.35 and a 12 month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share 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%. As a group, equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 annualized dividend and a dividend yield of 6.95%. Pacific Premier Bancorp's payout ratio is 80.49%.

About Pacific Premier Bancorp

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.