Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 20.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,012 shares of the financial services provider’s stock after selling 11,304 shares during the quarter. BNP Paribas Financial Markets’ holdings in Pacific Premier Bancorp were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC lifted its position in Pacific Premier Bancorp by 71.4% during the third quarter. Barclays PLC now owns 203,652 shares of the financial services provider’s stock worth $5,123,000 after buying an additional 84,859 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Pacific Premier Bancorp during the third quarter worth $784,000. SG Americas Securities LLC increased its stake in Pacific Premier Bancorp by 487.9% during the fourth quarter. SG Americas Securities LLC now owns 29,714 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 24,660 shares during the last quarter. KBC Group NV increased its stake in 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 acquiring an additional 1,276 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Pacific Premier Bancorp during the fourth quarter worth $158,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Activity

In other news, COO Edward Earl Wilcox sold 14,500 shares of the stock in a transaction on Thursday, May 1st. The stock was 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 in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson cut Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 24th. StockNews.com assumed coverage on Pacific Premier Bancorp in a report on Wednesday, May 14th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.25.

Pacific Premier Bancorp Trading Down 0.3%

NASDAQ:PPBI opened at $22.11 on Wednesday. The business’s 50-day moving average is $20.82 and its two-hundred day moving average is $23.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. Pacific Premier Bancorp, Inc. has a 12 month low of $18.06 and a 12 month high of $30.28. The firm has a market capitalization of $2.15 billion, a PE ratio of 13.48 and a beta of 1.18.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The business had revenue of $144.83 million during the quarter, compared to the consensus estimate of $143.25 million. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. During the same period last year, the firm earned $0.49 earnings per share. Research analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.97%. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 86.84%.

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.