Phocas Financial Corp. Sells 15,019 Shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI)

Phocas Financial Corp. reduced its stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,877 shares of the financial services provider's stock after selling 15,019 shares during the period. Phocas Financial Corp. owned approximately 0.27% of Pacific Premier Bancorp worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PPBI. GAMMA Investing LLC grew its stake in shares of Pacific Premier Bancorp by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 2,288 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 741 shares during the period. Sterling Capital Management LLC grew its stake in shares of Pacific Premier Bancorp by 729.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,019 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 2,655 shares during the period. KBC Group NV grew its stake in shares of Pacific Premier Bancorp by 11.0% in the 1st quarter. KBC Group NV now owns 5,501 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 546 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Pacific Premier Bancorp by 171.7% in the 4th quarter. Point72 Asset Management L.P. now owns 6,520 shares of the financial services provider's stock worth $162,000 after acquiring an additional 4,120 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Pacific Premier Bancorp in the 4th quarter worth approximately $200,000. 93.11% of the stock is currently owned by institutional investors.

Pacific Premier Bancorp Stock Down 2.3%

Shares of PPBI opened at $21.18 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 14.92 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Pacific Premier Bancorp Inc has a one year low of $18.06 and a one year high of $30.28. The business's 50 day simple moving average is $21.60 and its 200-day simple moving average is $22.11.

Pacific Premier Bancorp (NASDAQ:PPBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Pacific Premier Bancorp had a return on equity of 4.85% and a net margin of 16.13%. The firm had revenue of $145.64 million for the quarter, compared to the consensus estimate of $147.67 million. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.32 annualized dividend and a yield of 6.2%. Pacific Premier Bancorp's dividend payout ratio is currently 92.96%.

Analyst Ratings Changes

Several brokerages have recently commented on PPBI. Wall Street Zen began coverage on Pacific Premier Bancorp in a report on Thursday, May 22nd. They issued a "sell" rating on the stock. DA Davidson downgraded Pacific Premier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.

Get Our Latest Report on PPBI

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.

Featured Articles

• Five stocks we like better than Pacific Premier Bancorp
• REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today
• Bitcoin and Dividends: A Winning Combo in These 3 ETFs
• Are Penny Stocks a Good Fit for Your Portfolio?
• Is PG&E an AI Power Play? Why Options Traders Are Betting Big
• When to Sell a Stock for Profit or Loss
• MarketBeat Week in Review – 07/28 - 08/01

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 (NASDAQ:PPBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Pacific Premier Bancorp Right Now?

Before you consider Pacific Premier Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pacific Premier Bancorp wasn't on the list.

While Pacific Premier Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here