Tower Research Capital LLC TRC Has $33,000 Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Tower Research Capital LLC TRC reduced its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI - Free Report) by 92.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,344 shares of the financial services provider's stock after selling 15,356 shares during the period. Tower Research Capital LLC TRC's holdings in Pacific Premier Bancorp were worth $33,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Pacific Premier Bancorp by 158.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,853 shares in the last quarter. Sterling Capital Management LLC lifted its stake in 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 purchasing an additional 2,655 shares in the last quarter. KBC Group NV grew its position in Pacific Premier Bancorp by 34.7% in the fourth 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 in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Pacific Premier Bancorp during the fourth quarter valued at about $158,000. Finally, Kestra Investment Management LLC purchased a new stake in Pacific Premier Bancorp in the fourth quarter worth about $220,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Trading Up 0.0%

Pacific Premier Bancorp stock traded up $0.00 during trading on Tuesday, hitting $22.17. The company had a trading volume of 27,634 shares, compared to its average volume of 641,415. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.28. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 13.51 and a beta of 1.18. The company's 50 day simple moving average is $20.81 and its 200-day simple moving average is $23.94.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $144.83 million for the quarter, compared to the consensus estimate of $143.25 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend was Monday, May 5th. Pacific Premier Bancorp's dividend payout ratio (DPR) is presently 86.84%.

Insider Activity at Pacific Premier Bancorp

In related news, COO Edward Earl Wilcox sold 14,500 shares of the business's stock in a transaction that occurred 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 $2,844,939.24. The trade was a 9.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PPBI has been the topic of several analyst reports. StockNews.com started coverage on shares of Pacific Premier Bancorp in a research note on Wednesday, May 14th. They set a "sell" rating on the stock. DA Davidson cut shares of Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. One research 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $27.25.

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.