Vaughan Nelson Investment Management L.P. Sells 75,143 Shares of Pacific Premier Bancorp, Inc. (PPBI)

Vaughan Nelson Investment Management L.P. decreased its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,319,532 shares of the financial services provider’s stock after selling 75,143 shares during the period. Vaughan Nelson Investment Management L.P. owned 2.84% of Pacific Premier Bancorp worth $53,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PPBI. Louisiana State Employees Retirement System acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $668,000. Schwab Charles Investment Management Inc. increased its stake in shares of Pacific Premier Bancorp by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,263 shares of the financial services provider’s stock valued at $7,371,000 after buying an additional 6,033 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $309,000. Texas Permanent School Fund acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $1,049,000. Finally, Miles Capital Inc. acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter valued at about $242,000. 85.50% of the stock is owned by institutional investors.

Several equities research analysts recently commented on PPBI shares. Zacks Investment Research cut Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 17th. BidaskClub cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Stephens reaffirmed a “hold” rating and set a $45.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. Piper Jaffray Companies set a $55.00 target price on Pacific Premier Bancorp and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, ValuEngine cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.00.



Pacific Premier Bancorp opened at $42.55 on Wednesday, according to MarketBeat Ratings. Pacific Premier Bancorp, Inc. has a one year low of $32.05 and a one year high of $46.05. The company has a market cap of $1.97 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.69. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, May 1st. The financial services provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.57% and a net margin of 22.48%. The business had revenue of $88.95 million for the quarter, compared to analyst estimates of $89.10 million. During the same period in the prior year, the business earned $0.34 EPS. research analysts predict that Pacific Premier Bancorp, Inc. will post 2.77 EPS for the current fiscal year.

In other Pacific Premier Bancorp news, COO Tom Rice sold 22,036 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $42.76, for a total value of $942,259.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Edward Earl Wilcox sold 21,261 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $44.50, for a total value of $946,114.50. The disclosure for this sale can be found here. Insiders have sold 98,146 shares of company stock valued at $4,251,269 in the last ninety days. 4.12% of the stock is currently owned by insiders.

Pacific Premier Bancorp Profile

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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Institutional Ownership by Quarter for Pacific Premier Bancorp (NASDAQ:PPBI)

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