Nisa Investment Advisors LLC Lowers Stock Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Nisa Investment Advisors LLC decreased its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 74.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,859 shares of the financial services provider’s stock after selling 14,435 shares during the period. Nisa Investment Advisors LLC’s holdings in Pacific Premier Bancorp were worth $121,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PPBI. Assenagon Asset Management S.A. increased its stake in shares of Pacific Premier Bancorp by 16.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider’s stock valued at $18,740,000 after purchasing an additional 107,544 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pacific Premier Bancorp by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,535 shares of the financial services provider’s stock valued at $3,787,000 after buying an additional 8,145 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Pacific Premier Bancorp during the 3rd quarter valued at approximately $784,000. Neo Ivy Capital Management acquired a new stake in Pacific Premier Bancorp in the 3rd quarter valued at $1,082,000. Finally, Geode Capital Management LLC increased its holdings in Pacific Premier Bancorp by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,303,222 shares of the financial services provider’s stock worth $57,960,000 after acquiring an additional 25,964 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

PPBI has been the topic of a number of research reports. DA Davidson decreased their price target on shares of Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Wedbush lowered their price target on Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Pacific Premier Bancorp presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Pacific Premier Bancorp Stock Up 0.7 %

Pacific Premier Bancorp stock opened at $25.98 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of -173.19 and a beta of 1.26. The stock’s fifty day simple moving average is $25.89 and its 200-day simple moving average is $25.76. Pacific Premier Bancorp, Inc. has a twelve month low of $20.52 and a twelve month high of $30.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. As a group, equities analysts expect that Pacific Premier Bancorp, Inc. will post 1.59 earnings per share for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.08%. Pacific Premier Bancorp’s payout ratio is -879.94%.

Insider Transactions at Pacific Premier Bancorp

In other Pacific Premier Bancorp news, EVP Margaret S. Ohlhaver sold 9,273 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.96, for a total value of $259,273.08. Following the completion of the transaction, the executive vice president now owns 25,475 shares in the company, valued at $712,281. This represents a 26.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $26.87, for a total value of $276,492.30. Following the transaction, the executive vice president now directly owns 79,474 shares in the company, valued at approximately $2,135,466.38. The trade was a 11.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.

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.