Yousif Capital Management LLC Sells 1,006 Shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Yousif Capital Management LLC cut its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,559 shares of the financial services provider’s stock after selling 1,006 shares during the period. Yousif Capital Management LLC’s holdings in Pacific Premier Bancorp were worth $911,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in 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 valued at $69,651,000 after buying an additional 321,716 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Pacific Premier Bancorp by 1.1% in 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 purchasing an additional 25,964 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Pacific Premier Bancorp by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,290,172 shares of the financial services provider’s stock worth $32,461,000 after purchasing an additional 52,962 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Pacific Premier Bancorp by 16.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 751,987 shares of the financial services provider’s stock worth $18,740,000 after purchasing an additional 107,544 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Pacific Premier Bancorp by 11.2% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 641,256 shares of the financial services provider’s stock valued at $16,134,000 after purchasing an additional 64,429 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. DA Davidson dropped their price target on Pacific Premier Bancorp from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wedbush cut their target price on shares of Pacific Premier Bancorp from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Pacific Premier Bancorp currently has an average rating of “Hold” and a consensus target price of $27.00.

Pacific Premier Bancorp Stock Down 0.1 %

Shares of Pacific Premier Bancorp stock opened at $25.16 on Friday. Pacific Premier Bancorp, Inc. has a 52-week low of $20.52 and a 52-week high of $30.28. The firm’s 50 day moving average price is $25.31 and its 200-day moving average price is $25.65. 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 market cap of $2.43 billion, a P/E ratio of 15.34 and a beta of 1.26.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings data 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%. On average, sell-side analysts predict that Pacific Premier Bancorp, Inc. will post 1.34 EPS for the current fiscal year.

Pacific Premier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Monday, February 3rd. Pacific Premier Bancorp’s payout ratio is currently 80.49%.

Insider Buying and Selling

In other Pacific Premier Bancorp news, EVP Michael S. Karr sold 10,290 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $26.87, for a total value of $276,492.30. Following the completion of the transaction, the executive vice president now owns 79,474 shares of the company’s stock, valued at approximately $2,135,466.38. This trade represents a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.21% of the stock is owned by company insiders.

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.