Voya Investment Management LLC Has $5.52 Million Stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Voya Investment Management LLC decreased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,612 shares of the financial services provider's stock after selling 96,422 shares during the quarter. Voya Investment Management LLC owned approximately 0.23% of Pacific Premier Bancorp worth $5,523,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PPBI. Hsbc Holdings PLC raised its position in shares of Pacific Premier Bancorp by 211.6% during the 4th quarter. Hsbc Holdings PLC now owns 46,370 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 31,490 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Pacific Premier Bancorp by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 58,395 shares of the financial services provider's stock valued at $1,455,000 after acquiring an additional 3,180 shares during the period. First Trust Advisors LP boosted its holdings in shares of Pacific Premier Bancorp by 1.9% during the fourth quarter. First Trust Advisors LP now owns 95,397 shares of the financial services provider's stock valued at $2,377,000 after acquiring an additional 1,761 shares during the period. Marshall Wace LLP bought a new position in shares of Pacific Premier Bancorp during the fourth quarter worth about $2,056,000. Finally, Jump Financial LLC lifted its position in Pacific Premier Bancorp by 15.8% in the 4th quarter. Jump Financial LLC now owns 39,400 shares of the financial services provider's stock valued at $982,000 after purchasing an additional 5,377 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com started coverage on shares of Pacific Premier Bancorp in a research report on Tuesday. They issued a "sell" rating for the company. DA Davidson cut Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.25.

Insider Buying and Selling

In other news, COO Edward Earl Wilcox sold 14,500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total transaction of $294,060.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.29% of the stock is currently owned by insiders.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ PPBI traded down $0.08 during mid-day trading on Tuesday, reaching $21.04. 53,584 shares of the company traded hands, compared to its average volume of 628,824. 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 $2.04 billion, a PE ratio of 12.83 and a beta of 1.16. The stock has a fifty day simple moving average of $20.92 and a 200-day simple moving average of $24.20. 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. The firm had revenue of $144.83 million for the quarter, compared to analyst estimates of $143.25 million. During the same period in the previous year, the company earned $0.49 earnings per share. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.28%. The ex-dividend date is Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio is presently 86.84%.

Pacific Premier Bancorp 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.