Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 596,029 shares of the financial services provider’s stock after selling 11,015 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Pacific Premier Bancorp were worth $14,996,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PPBI. ProShare Advisors LLC increased its stake in Pacific Premier Bancorp by 7.4% during the first quarter. ProShare Advisors LLC now owns 19,159 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 1,315 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Pacific Premier Bancorp in the first quarter valued at approximately $766,000. CANADA LIFE ASSURANCE Co increased its stake in Pacific Premier Bancorp by 4.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 112,161 shares of the financial services provider’s stock worth $2,689,000 after buying an additional 4,627 shares during the period. MQS Management LLC acquired a new stake in Pacific Premier Bancorp during the 1st quarter worth approximately $235,000. Finally, Kennedy Capital Management LLC purchased a new position in Pacific Premier Bancorp in the 1st quarter valued at approximately $7,812,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PPBI. Raymond James increased their price objective on Pacific Premier Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Stephens increased their price target on Pacific Premier Bancorp from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, Wedbush lowered their price objective on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.50.

Insider Activity

In related news, Director Jeff C. Jones sold 11,251 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.62, for a total transaction of $265,748.62. Following the transaction, the director now owns 123,794 shares in the company, valued at $2,924,014.28. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Edward Earl Wilcox sold 30,499 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.63, for a total transaction of $720,691.37. Following the transaction, the chief operating officer now owns 230,592 shares in the company, valued at approximately $5,448,888.96. This trade represents a 11.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,023 shares of company stock worth $1,245,713. Corporate insiders own 2.21% of the company’s stock.

Pacific Premier Bancorp Stock Down 0.2 %

Pacific Premier Bancorp stock opened at $27.61 on Thursday. The stock has a market cap of $2.66 billion, a PE ratio of -184.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average is $25.86 and its two-hundred day moving average is $24.48. Pacific Premier Bancorp, Inc. has a 1-year low of $20.52 and a 1-year high of $30.13.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $224.49 million during the quarter, compared to analyst estimates of $153.23 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, sell-side analysts expect that Pacific Premier Bancorp, Inc. will post 1.6 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.32 annualized dividend and a dividend yield of 4.78%. Pacific Premier Bancorp’s dividend payout ratio is presently -880.00%.

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.