Pacific Premier Bancorp Inc (NASDAQ:PPBI) Stock Position Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of 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 fund owned 537,957 shares of the financial services provider's stock after selling 39,907 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.55% of Pacific Premier Bancorp worth $11,469,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PPBI. Raymond James Financial Inc. acquired a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth about $8,720,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Pacific Premier Bancorp during the fourth quarter worth about $7,798,000. Azora Capital LP boosted its stake in shares of Pacific Premier Bancorp by 54.4% during the fourth quarter. Azora Capital LP now owns 747,779 shares of the financial services provider's stock worth $18,635,000 after buying an additional 263,383 shares during the period. Invesco Ltd. lifted its position in Pacific Premier Bancorp by 12.1% in the fourth quarter. Invesco Ltd. now owns 2,246,800 shares of the financial services provider's stock valued at $55,990,000 after purchasing an additional 241,881 shares during the period. Finally, Millennium Management LLC lifted its position in Pacific Premier Bancorp by 50.2% in the fourth quarter. Millennium Management LLC now owns 687,180 shares of the financial services provider's stock valued at $17,125,000 after purchasing an additional 229,821 shares during the period. Hedge funds and other institutional investors own 93.11% of the company's stock.

Insider Buying and Selling at Pacific Premier Bancorp

In related news, COO Edward Earl Wilcox sold 14,500 shares of Pacific Premier Bancorp stock in a transaction on 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 owned 140,283 shares in the company, valued at approximately $2,844,939.24. The trade was a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.29% of the company's stock.

Pacific Premier Bancorp Trading Down 0.0%

PPBI stock traded down $0.01 during midday trading on Friday, hitting $22.10. The stock had a trading volume of 1,132,057 shares, compared to its average volume of 716,995. The firm has a market cap of $2.14 billion, a PE ratio of 14.54 and a beta of 1.16. 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 company's 50-day moving average price is $21.63 and its 200 day moving average price is $22.25.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last announced its quarterly 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 company had revenue of $144.83 million for the quarter, compared to analyst estimates 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 business earned $0.49 EPS. On average, equities research analysts predict that Pacific Premier Bancorp Inc will post 1.34 earnings per share for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, May 5th. This represents a $1.32 annualized dividend and a dividend yield of 5.97%. Pacific Premier Bancorp's payout ratio is 86.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PPBI shares. 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 shares of Pacific Premier Bancorp in a research report on Thursday, May 22nd. They set a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.