Deutsche Bank AG Decreases Stock Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Deutsche Bank AG lessened its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,531 shares of the financial services provider's stock after selling 41,415 shares during the quarter. Deutsche Bank AG owned 0.09% of Pacific Premier Bancorp worth $2,231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Pacific Premier Bancorp by 158.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 1,853 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Pacific Premier Bancorp by 729.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock worth $75,000 after buying an additional 2,655 shares during the last quarter. KBC Group NV grew its position 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 valued at $123,000 after buying an additional 1,276 shares during the period. Golden State Wealth Management LLC bought a new stake in Pacific Premier Bancorp during the fourth quarter valued at approximately $158,000. Finally, Kestra Investment Management LLC purchased a new stake in Pacific Premier Bancorp during the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Pacific Premier Bancorp Price Performance

Shares of PPBI traded up $0.47 during mid-day trading on Tuesday, reaching $21.52. The stock had a trading volume of 380,604 shares, compared to its average volume of 798,797. The business has a fifty day moving average of $20.73 and a 200 day moving average of $23.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 13.12 and a beta of 1.18. Pacific Premier Bancorp, Inc. has a 12 month low of $18.06 and a 12 month high of $30.28.

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

Pacific Premier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is 86.84%.

Analysts Set New Price Targets

PPBI has been the subject of a number of recent research reports. DA Davidson downgraded shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen assumed coverage on Pacific Premier Bancorp in a research report on Thursday, May 22nd. They set a "sell" rating on the stock. One research 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. Based on data from MarketBeat.com, Pacific Premier Bancorp presently has an average rating of "Hold" and a consensus target price of $27.25.

Insider Buying and Selling

In other news, COO Edward Earl Wilcox sold 14,500 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $20.28, for a total value of $294,060.00. Following the transaction, the chief operating officer now owns 140,283 shares of the company's stock, valued at approximately $2,844,939.24. The trade was a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.29% of the stock is currently owned by company insiders.

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.