Western Financial Corp CA Has $221,000 Stock Position in Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Western Financial Corp CA lowered its holdings in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 27.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,363 shares of the financial services provider’s stock after selling 3,967 shares during the period. Western Financial Corp CA’s holdings in Pacific Premier Bancorp were worth $221,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Pacific Premier Bancorp by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 11,241,494 shares of the financial services provider’s stock valued at $280,138,000 after buying an additional 78,381 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Pacific Premier Bancorp by 2.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,842,985 shares of the financial services provider’s stock valued at $70,847,000 after purchasing an additional 74,644 shares during the last quarter. Invesco Ltd. lifted its holdings in Pacific Premier Bancorp by 12.1% during the 4th quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider’s stock valued at $55,990,000 after purchasing an additional 241,881 shares during the last quarter. Alliancebernstein L.P. boosted its position in Pacific Premier Bancorp by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,467,366 shares of the financial services provider’s stock worth $36,567,000 after purchasing an additional 7,465 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Pacific Premier Bancorp by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,344,690 shares of the financial services provider’s stock valued at $33,510,000 after purchasing an additional 54,518 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Stock Down 0.6%

PPBI stock opened at $20.90 on Thursday. Pacific Premier Bancorp Inc has a fifty-two week low of $18.06 and a fifty-two week high of $30.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.75 and a beta of 1.18. The business’s fifty day moving average price is $21.04 and its two-hundred day moving average price is $22.72.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. Pacific Premier Bancorp had a net margin of 16.89% and a return on equity of 5.01%. The business had revenue of $144.83 million during the quarter, compared to analysts’ expectations of $143.25 million. During the same quarter in the previous year, the company earned $0.49 EPS. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.32 annualized dividend and a yield of 6.32%. Pacific Premier Bancorp’s dividend payout ratio is presently 86.84%.

Insider Activity

In other news, COO Edward Earl Wilcox sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $20.28, for a total transaction of $294,060.00. Following the completion of the sale, the chief operating officer now owns 140,283 shares of the company’s stock, valued at approximately $2,844,939.24. This represents a 9.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PPBI. Wall Street Zen assumed coverage on shares of Pacific Premier Bancorp in a research note on Thursday, May 22nd. They set a “sell” rating for the company. DA Davidson cut shares of Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus price target of $27.25.

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.