American Century Companies Inc. Sells 1,647,398 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

American Century Companies Inc. lowered its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 38.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,606,525 shares of the financial services provider’s stock after selling 1,647,398 shares during the period. American Century Companies Inc.’s holdings in Pacific Premier Bancorp were worth $64,955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in Pacific Premier Bancorp in the 3rd quarter worth approximately $60,000. Smartleaf Asset Management LLC raised its position in shares of Pacific Premier Bancorp by 158.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,023 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,853 shares during the period. KBC Group NV raised its position in shares of 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 valued at $123,000 after purchasing an additional 1,276 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth $158,000. Finally, FMR LLC boosted its holdings in shares of Pacific Premier Bancorp by 11.9% during the 3rd quarter. FMR LLC now owns 6,782 shares of the financial services provider’s stock worth $171,000 after buying an additional 723 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Price Performance

Shares of Pacific Premier Bancorp stock opened at $21.88 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $2.11 billion, a PE ratio of 13.34 and a beta of 1.25. The firm has a fifty day moving average price of $24.01 and a two-hundred day moving average price of $25.26. Pacific Premier Bancorp, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. Analysts expect that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a $0.33 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.03%. Pacific Premier Bancorp’s payout ratio is 80.49%.

Analyst Ratings Changes

Separately, DA Davidson decreased their price target on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pacific Premier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Pacific Premier Bancorp Company 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.