Segall Bryant & Hamill LLC Sells 18,165 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Segall Bryant & Hamill LLC decreased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,864 shares of the financial services provider’s stock after selling 18,165 shares during the period. Segall Bryant & Hamill LLC owned about 0.60% of Pacific Premier Bancorp worth $14,400,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Azora Capital LP acquired a new stake in Pacific Premier Bancorp in the 3rd quarter valued at $12,187,000. Raymond James Financial Inc. acquired a new stake in shares of Pacific Premier Bancorp in the 4th quarter valued at $8,720,000. Fisher Asset Management LLC grew its holdings in shares of Pacific Premier Bancorp by 58.9% in the 4th quarter. Fisher Asset Management LLC now owns 537,000 shares of the financial services provider’s stock worth $13,382,000 after purchasing an additional 199,000 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Pacific Premier Bancorp by 16.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider’s stock worth $18,740,000 after purchasing an additional 107,544 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Pacific Premier Bancorp by 71.4% during the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock valued at $5,123,000 after purchasing an additional 84,859 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Pacific Premier Bancorp Trading Down 0.5 %

PPBI opened at $21.88 on Wednesday. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.28. The stock has a market capitalization of $2.11 billion, a PE ratio of 13.34 and a beta of 1.25. 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 50-day moving average price of $24.01 and a two-hundred day moving average price of $25.26.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued 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 net margin of 17.54% and a return on equity of 5.43%. As a group, equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.33 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.03%. Pacific Premier Bancorp’s payout ratio is currently 80.49%.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price objective 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 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. Based on data from MarketBeat, Pacific Premier Bancorp presently has an average rating of “Hold” and an average target price 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.