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UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Pacific Premier Bancorp logo with Finance background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,580 shares of the financial services provider's stock after purchasing an additional 24,535 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of Pacific Premier Bancorp worth $7,441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in shares of Pacific Premier Bancorp by 158.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after acquiring an additional 1,853 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Pacific Premier Bancorp by 729.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock worth $75,000 after acquiring an additional 2,655 shares during the last quarter. KBC Group NV raised its holdings in shares of Pacific Premier Bancorp by 34.7% in the 4th quarter. KBC Group NV now owns 4,955 shares of the financial services provider's stock worth $123,000 after acquiring an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Pacific Premier Bancorp in the 4th quarter worth about $158,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Pacific Premier Bancorp by 171.7% in the 4th quarter. Point72 Asset Management L.P. now owns 6,520 shares of the financial services provider's stock worth $162,000 after acquiring an additional 4,120 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Wall Street Analysts Forecast Growth

PPBI has been the subject of several analyst reports. Wall Street Zen initiated coverage on shares of Pacific Premier Bancorp in a research note on Thursday, May 22nd. They issued a "sell" rating for the company. DA Davidson lowered shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research note 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 company. According to MarketBeat.com, Pacific Premier Bancorp currently has an average rating of "Hold" and a consensus price target of $27.25.

Get Our Latest Report on PPBI

Insider Buying and Selling

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 14,500 shares of the firm'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 completion of the transaction, the chief operating officer now directly owns 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 document filed with the Securities & Exchange Commission, which is available at this link. 2.29% of the stock is owned by insiders.

Pacific Premier Bancorp Stock Performance

Shares of Pacific Premier Bancorp stock traded down $0.05 on Thursday, reaching $20.68. 907,022 shares of the company traded hands, compared to its average volume of 660,384. Pacific Premier Bancorp, Inc. has a 52 week low of $18.06 and a 52 week high of $30.28. The company has a 50 day moving average of $20.64 and a 200 day moving average of $23.42. The firm has a market capitalization of $2.01 billion, a PE ratio of 12.61 and a beta of 1.18. 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 (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 firm 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 17.54% and a return on equity of 5.43%. During the same period in the prior year, the firm earned $0.49 EPS. Equities analysts forecast that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 86.84%.

About Pacific Premier Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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