Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,606,525 shares of the financial services provider’s stock after selling 1,647,398 shares during the quarter. American Century Companies Inc. owned 2.70% of Pacific Premier Bancorp worth $64,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Natixis Advisors LLC lifted its stake in Pacific Premier Bancorp by 1.0% during the third quarter. Natixis Advisors LLC now owns 44,685 shares of the financial services provider’s stock valued at $1,124,000 after purchasing an additional 449 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Pacific Premier Bancorp by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 487 shares in the last quarter. FMR LLC boosted its stake in shares of 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 in the last quarter. HighTower Advisors LLC raised its position in shares of 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 worth $483,000 after purchasing an additional 772 shares during the period. Finally, KBC Group NV raised 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 worth $123,000 after purchasing an additional 1,276 shares during the period. Institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research note 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. Based on data from MarketBeat.com, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus price target of $27.00.

Pacific Premier Bancorp Price Performance

PPBI opened at $21.88 on Wednesday. Pacific Premier Bancorp, Inc. has a 12-month low of $20.52 and a 12-month high of $30.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.11 billion, a P/E ratio of 13.34 and a beta of 1.25. The stock has a fifty day moving average of $24.01 and a 200-day moving average of $25.26.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) 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%. Equities analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

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

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.