Sei Investments Co. Has $10.45 Million Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Sei Investments Co. decreased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 25.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 419,484 shares of the financial services provider's stock after selling 141,464 shares during the period. Sei Investments Co. owned approximately 0.43% of Pacific Premier Bancorp worth $10,454,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc increased its holdings in Pacific Premier Bancorp by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 487 shares during the last quarter. FMR LLC boosted its stake in 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 acquiring an additional 723 shares during the last quarter. HighTower Advisors LLC grew its holdings in Pacific Premier Bancorp by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 19,371 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 772 shares during the period. KBC Group NV increased its stake in Pacific Premier Bancorp by 34.7% in the fourth quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 1,276 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Pacific Premier Bancorp by 0.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,045 shares of the financial services provider's stock worth $6,895,000 after purchasing an additional 1,352 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

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Pacific Premier Bancorp Stock Up 0.3 %

Shares of PPBI stock traded up $0.06 on Wednesday, hitting $21.64. 343,374 shares of the stock were exchanged, compared to its average volume of 564,082. 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 $2.09 billion, a P/E ratio of 13.20 and a beta of 1.25. Pacific Premier Bancorp, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $30.28. The business has a 50-day moving average of $23.72 and a 200 day moving average of $25.18.

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 for the quarter, topping 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%. Equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.33 per share. 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 6.10%. Pacific Premier Bancorp's dividend payout ratio is 80.49%.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their price target on shares of 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.