Aristotle Capital Boston LLC Has $17.57 Million Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Aristotle Capital Boston LLC decreased its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 705,014 shares of the financial services provider's stock after selling 74,668 shares during the quarter. Aristotle Capital Boston LLC owned 0.73% of Pacific Premier Bancorp worth $17,569,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PPBI. JPMorgan Chase & Co. raised its position in Pacific Premier Bancorp by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,535 shares of the financial services provider's stock valued at $3,787,000 after buying an additional 8,145 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Pacific Premier Bancorp by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,128,723 shares of the financial services provider's stock worth $28,128,000 after acquiring an additional 14,310 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Pacific Premier Bancorp in the third quarter worth $784,000. Proficio Capital Partners LLC acquired a new position in Pacific Premier Bancorp during the fourth quarter worth $1,009,000. Finally, Renaissance Technologies LLC grew its position in Pacific Premier Bancorp by 33.1% in the fourth quarter. Renaissance Technologies LLC now owns 175,538 shares of the financial services provider's stock valued at $4,374,000 after purchasing an additional 43,610 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp 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 transaction, the chief operating officer now owns 140,283 shares in the company, valued at $2,844,939.24. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson cut Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.25.

Pacific Premier Bancorp Stock Performance

Shares of Pacific Premier Bancorp stock traded down $0.30 during trading on Monday, hitting $21.11. 1,277,016 shares of the stock were exchanged, compared to its average volume of 631,092. Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.28. 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 has a market capitalization of $2.05 billion, a price-to-earnings ratio of 12.87 and a beta of 1.16. The company has a fifty day moving average price of $20.92 and a 200-day moving average price of $24.20.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 5.43% and a net margin of 17.54%. During the same period last year, the firm posted $0.49 earnings per share. As a group, equities analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Monday, May 5th. Pacific Premier Bancorp's payout ratio is presently 86.84%.

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.