Pacific Premier Bancorp Inc $PPBI Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,755,015 shares of the financial services provider’s stock after selling 51,848 shares during the period. Dimensional Fund Advisors LP owned approximately 5.93% of Pacific Premier Bancorp worth $122,694,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Pacific Premier Bancorp by 5.0% during the first quarter. Invesco Ltd. now owns 2,358,441 shares of the financial services provider’s stock worth $50,282,000 after buying an additional 111,641 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Pacific Premier Bancorp by 2.6% during the first quarter. Victory Capital Management Inc. now owns 1,464,112 shares of the financial services provider’s stock worth $31,215,000 after buying an additional 37,267 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Pacific Premier Bancorp by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,362,284 shares of the financial services provider’s stock worth $29,044,000 after buying an additional 17,594 shares during the period. Nuveen LLC acquired a new stake in shares of Pacific Premier Bancorp during the first quarter worth about $27,156,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Pacific Premier Bancorp by 25.0% during the fourth quarter. Nuveen Asset Management LLC now owns 942,505 shares of the financial services provider’s stock worth $23,487,000 after buying an additional 188,530 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, General Counsel Steven R. Arnold sold 5,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.54, for a total value of $112,700.00. Following the completion of the transaction, the general counsel directly owned 51,042 shares of the company’s stock, valued at approximately $1,150,486.68. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.29% of the company’s stock.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ:PPBI opened at $22.79 on Friday. Pacific Premier Bancorp Inc has a 52 week low of $18.06 and a 52 week high of $30.28. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.21 billion, a P/E ratio of 16.05 and a beta of 1.19. The company has a 50-day moving average price of $21.95 and a 200 day moving average price of $21.88.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Pacific Premier Bancorp had a net margin of 16.13% and a return on equity of 4.85%. The company had revenue of $145.64 million during the quarter, compared to analysts’ expectations of $147.67 million. During the same period last year, the company posted $0.43 earnings per share. Research analysts predict 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.32 dividend on an annualized basis and a yield of 5.8%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is 92.96%.

Analyst Ratings Changes

PPBI has been the subject of several recent research reports. DA Davidson downgraded shares of Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 24th. Wall Street Zen began coverage on shares of Pacific Premier Bancorp in a research report on Thursday, May 22nd. They issued a “sell” rating for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.50.

About Pacific Premier Bancorp

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.