Quantbot Technologies LP Lowers Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Quantbot Technologies LP decreased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,546 shares of the financial services provider’s stock after selling 9,042 shares during the quarter. Quantbot Technologies LP owned 0.07% of Pacific Premier Bancorp worth $1,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PPBI. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pacific Premier Bancorp by 13.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,768,341 shares of the financial services provider’s stock worth $69,651,000 after purchasing an additional 321,716 shares in the last quarter. Geode Capital Management LLC grew its position in Pacific Premier Bancorp by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider’s stock valued at $57,960,000 after acquiring an additional 25,964 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 valued at $33,510,000 after acquiring an additional 54,518 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Pacific Premier Bancorp by 2.4% during 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Pacific Premier Bancorp by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,128,723 shares of the financial services provider’s stock worth $28,128,000 after acquiring an additional 14,310 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Pacific Premier Bancorp Trading Up 1.7 %

NASDAQ:PPBI opened at $21.98 on Tuesday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 13.40 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $24.05 and a 200 day moving average of $25.27. 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 EPS for the quarter, beating 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%. On average, research analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given 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 6.01%. Pacific Premier Bancorp’s dividend payout ratio is currently 80.49%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their target price on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pacific Premier Bancorp currently has an average rating of “Hold” and an average target price 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.