Brown Advisory Inc. Decreases Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Brown Advisory Inc. trimmed its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,722,870 shares of the financial services provider's stock after selling 60,580 shares during the period. Brown Advisory Inc. owned 1.79% of Pacific Premier Bancorp worth $42,934,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in Pacific Premier Bancorp by 71.4% in the 3rd quarter. Barclays PLC now owns 203,652 shares of the financial services provider's stock worth $5,123,000 after acquiring an additional 84,859 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Pacific Premier Bancorp during the third quarter valued at $784,000. JPMorgan Chase & Co. boosted its position in shares of Pacific Premier Bancorp by 5.7% during the third 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. Assenagon Asset Management S.A. increased its holdings in Pacific Premier Bancorp by 16.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider's stock worth $18,740,000 after buying an additional 107,544 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Pacific Premier Bancorp by 487.9% in the 4th quarter. SG Americas Securities LLC now owns 29,714 shares of the financial services provider's stock worth $740,000 after buying an additional 24,660 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Pacific Premier Bancorp Price Performance

Shares of Pacific Premier Bancorp stock traded up $0.01 during trading hours on Friday, reaching $21.34. The company's stock had a trading volume of 682,453 shares, compared to its average volume of 636,200. 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 one year low of $18.06 and a one year high of $30.28. The firm has a 50 day moving average price of $20.73 and a 200-day moving average price of $24.08. The stock has a market cap of $2.07 billion, a P/E ratio of 13.01 and a beta of 1.18.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last issued its quarterly earnings results 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 return on equity of 5.43% and a net margin of 17.54%. The firm had revenue of $144.83 million for the quarter, compared to the consensus estimate of $143.25 million. During the same period in the prior year, the business posted $0.49 earnings per share. On average, analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, May 5th. This represents a $1.32 dividend on an annualized basis and a yield of 6.19%. Pacific Premier Bancorp's payout ratio is 86.84%.

Insider Buying and Selling at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 14,500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $20.28, for a total transaction of $294,060.00. Following the transaction, the chief operating officer now directly owns 140,283 shares in the company, valued at $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 available at the SEC website. 2.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PPBI has been the topic of several research reports. StockNews.com began coverage on Pacific Premier Bancorp in a research report on Tuesday, May 6th. They issued a "sell" rating on the stock. 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price 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.