Segall Bryant & Hamill LLC Has $11.47 Million Stock Holdings in Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Segall Bryant & Hamill LLC cut its position in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 537,957 shares of the financial services provider's stock after selling 39,907 shares during the period. Segall Bryant & Hamill LLC owned about 0.55% of Pacific Premier Bancorp worth $11,469,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Pacific Premier Bancorp by 2.7% in the first quarter. Principal Financial Group Inc. now owns 480,207 shares of the financial services provider's stock worth $10,238,000 after purchasing an additional 12,542 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Pacific Premier Bancorp during the first quarter worth $352,000. GAMMA Investing LLC raised its holdings in shares of Pacific Premier Bancorp by 47.9% during the first quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock worth $49,000 after acquiring an additional 741 shares during the period. KBC Group NV raised its holdings in shares of Pacific Premier Bancorp by 11.0% during the first quarter. KBC Group NV now owns 5,501 shares of the financial services provider's stock worth $117,000 after acquiring an additional 546 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Pacific Premier Bancorp during the first quarter worth $501,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pacific Premier Bancorp

In other news, COO Edward Earl Wilcox sold 14,500 shares of Pacific Premier Bancorp stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $20.28, for a total value of $294,060.00. Following the completion of the transaction, the chief operating officer owned 140,283 shares of the company's stock, valued at $2,844,939.24. This trade represents a 9.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. DA Davidson lowered shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th. Wall Street Zen assumed coverage on shares of Pacific Premier Bancorp in a report on Thursday, May 22nd. They set a "sell" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.25.

Pacific Premier Bancorp Stock Up 2.1%

Pacific Premier Bancorp stock traded up $0.46 during mid-day trading on Thursday, reaching $22.11. The company's stock had a trading volume of 1,356,121 shares, compared to its average volume of 714,943. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.55 and a beta of 1.16. Pacific Premier Bancorp Inc has a 12 month low of $18.06 and a 12 month high of $30.28. The business's 50 day simple moving average is $21.62 and its 200 day simple moving average is $22.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share for the quarter, beating 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 net margin of 16.89% and a return on equity of 5.01%. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, research analysts anticipate that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

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