Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 577,864 shares of the financial services provider's stock after selling 18,165 shares during the quarter. Segall Bryant & Hamill LLC owned 0.60% of Pacific Premier Bancorp worth $14,400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPBI. Vanguard Group Inc. lifted its stake in Pacific Premier Bancorp by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,241,494 shares of the financial services provider's stock worth $280,138,000 after acquiring an additional 78,381 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Pacific Premier Bancorp by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider's stock worth $57,960,000 after acquiring an additional 25,964 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Pacific Premier Bancorp by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,344,690 shares of the financial services provider's stock worth $33,510,000 after acquiring an additional 54,518 shares during the period. William Blair Investment Management LLC boosted its holdings in Pacific Premier Bancorp by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,313,437 shares of the financial services provider's stock valued at $32,731,000 after purchasing an additional 30,647 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Pacific Premier Bancorp by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,128,723 shares of the financial services provider's stock worth $28,128,000 after purchasing an additional 14,310 shares during the period. Hedge funds and other institutional investors own 93.11% of the company's stock.

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Pacific Premier Bancorp Price Performance

Shares of PPBI traded down $0.57 during mid-day trading on Friday, hitting $21.25. The company's stock had a trading volume of 600,771 shares, compared to its average volume of 561,666. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.05 billion, a P/E ratio of 12.96 and a beta of 1.25. The firm has a 50-day simple moving average of $23.85 and a 200 day simple moving average of $25.20.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates 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 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.21%. Pacific Premier Bancorp's dividend payout ratio (DPR) is 80.49%.

Analyst Ratings Changes

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

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.