Segall Bryant & Hamill LLC Has $14.40 Million Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Segall Bryant & Hamill LLC cut its holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 577,864 shares of the financial services provider’s stock after selling 18,165 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Pacific Premier Bancorp were worth $14,400,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of Pacific Premier Bancorp by 18.7% in the 4th quarter. Prudential Financial Inc. now owns 120,663 shares of the financial services provider’s stock worth $3,007,000 after purchasing an additional 18,974 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its holdings in Pacific Premier Bancorp by 12.2% during the fourth quarter. Advantage Alpha Capital Partners LP now owns 21,296 shares of the financial services provider’s stock worth $531,000 after buying an additional 2,316 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Pacific Premier Bancorp by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,241,494 shares of the financial services provider’s stock worth $280,138,000 after buying an additional 78,381 shares during the period. LPL Financial LLC increased its stake in shares of Pacific Premier Bancorp by 5.5% in the 4th quarter. LPL Financial LLC now owns 22,850 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 1,194 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Pacific Premier Bancorp in the 4th quarter valued at approximately $517,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Pacific Premier Bancorp Price Performance

Shares of PPBI opened at $21.88 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.11 billion, a PE ratio of 13.34 and a beta of 1.25. The stock has a 50 day simple moving average of $24.01 and a 200 day simple moving average of $25.26. Pacific Premier Bancorp, Inc. has a 52-week low of $20.52 and a 52-week high of $30.28.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.43%. Sell-side analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their price objective 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.00.

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.