Hsbc Holdings PLC Has $1.16 Million Stock Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Hsbc Holdings PLC grew its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 211.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,370 shares of the financial services provider's stock after purchasing an additional 31,490 shares during the period. Hsbc Holdings PLC's holdings in Pacific Premier Bancorp were worth $1,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Pacific Premier Bancorp by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 9,658 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 487 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Pacific Premier Bancorp by 4.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,196 shares of the financial services provider's stock valued at $379,000 after buying an additional 591 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Pacific Premier Bancorp by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,025 shares of the financial services provider's stock worth $250,000 after buying an additional 643 shares during the last quarter. HighTower Advisors LLC raised its holdings in Pacific Premier Bancorp by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 19,371 shares of the financial services provider's stock worth $483,000 after purchasing an additional 772 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Pacific Premier Bancorp by 5.5% during the fourth quarter. LPL Financial LLC now owns 22,850 shares of the financial services provider's stock worth $569,000 after acquiring an additional 1,194 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, COO Edward Earl Wilcox sold 14,500 shares of the 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 sale, the chief operating officer now directly owns 140,283 shares in the company, valued at approximately $2,844,939.24. This trade represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.29% of the company's stock.

Analysts Set New Price Targets

PPBI has been the subject of several research reports. StockNews.com assumed coverage on Pacific Premier Bancorp in a research report on Tuesday. They set a "sell" rating for the company. DA Davidson downgraded 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.25.

Pacific Premier Bancorp Stock Performance

NASDAQ PPBI traded down $0.04 during trading hours on Friday, hitting $21.29. The company had a trading volume of 234,669 shares, compared to its average volume of 633,043. Pacific Premier Bancorp, Inc. has a fifty-two week low of $18.06 and a fifty-two week high of $30.28. The firm has a market cap of $2.07 billion, a P/E ratio of 12.98 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $20.76 and a 200-day simple moving average of $24.12.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $144.83 million during the quarter, compared to analysts' expectations of $143.25 million. During the same period last year, the firm posted $0.49 earnings per share. 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 will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be paid a $0.33 dividend. The ex-dividend date is Monday, May 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.20%. Pacific Premier Bancorp's payout ratio is presently 86.84%.

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.