Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,722,870 shares of the financial services provider’s stock after selling 60,580 shares during the period. Brown Advisory Inc.’s holdings in Pacific Premier Bancorp were worth $42,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Pacific Premier Bancorp by 158.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,853 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Pacific Premier Bancorp by 729.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 2,655 shares during the period. KBC Group NV boosted its holdings in Pacific Premier Bancorp by 34.7% in the 4th 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 during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Pacific Premier Bancorp in the 4th quarter valued at approximately $158,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Pacific Premier Bancorp during the 4th quarter worth approximately $220,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PPBI. DA Davidson lowered Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 24th. StockNews.com began coverage on Pacific Premier Bancorp in a research report on Tuesday. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.25.

Pacific Premier Bancorp Price Performance

PPBI opened at $21.11 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 12.87 and a beta of 1.16. 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 stock’s 50-day moving average price is $20.92 and its 200 day moving average price is $24.20. Pacific Premier Bancorp, Inc. has a 12-month low of $18.06 and a 12-month high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. The company had revenue of $144.83 million during the quarter, compared to analysts’ expectations of $143.25 million. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. During the same quarter last year, the company posted $0.49 EPS. As a group, sell-side analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Monday, May 5th. Pacific Premier Bancorp’s dividend payout ratio is currently 86.84%.

Insider Activity

In related news, COO Edward Earl Wilcox sold 14,500 shares of Pacific Premier Bancorp stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $20.28, for a total value of $294,060.00. Following the completion of the transaction, the chief operating officer now owns 140,283 shares in the company, valued at $2,844,939.24. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.29% of the company’s stock.

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.