2 weeks Ago By ABMN Staff
Cerity Partners LLC reduced its position in shares of Pacific Premier Bancorp, Inc. ( NASDAQ:PPBI – Free Report ) by 34.8% in the 4th quarter, Holdings Channel reports.
The firm owned 9,751 shares of the financial services provider’s stock after selling 5,195 shares during the period. Cerity Partners LLC’s holdings in Pacific Premier Bancorp were worth $245,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPBI.
Vanguard Group Inc. raised its holdings 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 in the last quarter. Massachusetts Financial Services Co.
MA grew its position in Pacific Premier Bancorp by 2.7% in the fourth quarter. Massachusetts Financial Services Co.
MA now owns 2,842,985 shares of the financial services provider’s stock valued at $70,847,000 after acquiring an additional 74,644 shares during the last quarter. Alliancebernstein L.P.
raised its stake in Pacific Premier Bancorp by 0.5% during the fourth quarter. Alliancebernstein L.
P. now owns 1,467,366 shares of the financial services provider’s stock worth $36,567,000 after acquiring an additional 7,465 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its stake in Pacific Premier Bancorp by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,344,690 shares of the financial services provider’s stock worth $33,510,000 after acquiring an additional 54,518 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Pacific Premier Bancorp by 2.4% in the fourth quarter.
William Blair Investment Management LLC now owns 1,313,437 shares of the financial services provider’s stock worth $32,731,000 after acquiring an additional 30,647 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades Separately, DA Davidson lowered 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 research report on Friday, January 24th.
One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.
Pacific Premier Bancorp Stock Performance NASDAQ:PPBI opened at $21.24 on Friday. The stock’s 50-day moving average is $21.
42 and its 200-day moving average is $24.48. The stock has a market cap of $2.
06 billion, a P/E ratio of 12.95 and a beta of 1.16.
Pacific Premier Bancorp, Inc. has a 1-year low of $18.06 and a 1-year high of $30.
28. 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 ( NASDAQ:PPBI – Get Free Report ) last posted its earnings results on Wednesday, April 23rd.
The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.
07. The firm had revenue of $144.83 million for the quarter, compared to analyst estimates of $143.
25 million. Pacific Premier Bancorp had a net margin of 17.54% and a return on equity of 5.
43%. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.
34 earnings per share for the current year. Pacific Premier Bancorp Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be given a dividend of $0.
33 per share. This represents a $1.32 annualized dividend and a yield of 6.
21%. The ex-dividend date of this dividend is Monday, May 5th. Pacific Premier Bancorp’s dividend payout ratio is currently 80.
49%. Pacific Premier Bancorp Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding PPBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Premier Bancorp, Inc.
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