Janus Henderson Group PLC Decreases Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Janus Henderson Group PLC trimmed its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,130 shares of the financial services provider’s stock after selling 4,400 shares during the quarter. Janus Henderson Group PLC’s holdings in Pacific Premier Bancorp were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of Pacific Premier Bancorp in the 4th quarter worth approximately $964,000. Cubist Systematic Strategies LLC raised its stake in shares of Pacific Premier Bancorp by 68.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 141,003 shares of the financial services provider’s stock valued at $3,514,000 after buying an additional 57,228 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Pacific Premier Bancorp during the 4th quarter valued at $365,000. Azora Capital LP lifted its position in shares of Pacific Premier Bancorp by 54.4% during the 4th quarter. Azora Capital LP now owns 747,779 shares of the financial services provider’s stock valued at $18,635,000 after buying an additional 263,383 shares during the last quarter. Finally, Algert Global LLC grew its stake in shares of Pacific Premier Bancorp by 22.5% during the 4th quarter. Algert Global LLC now owns 287,351 shares of the financial services provider’s stock worth $7,161,000 after acquiring an additional 52,735 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling

In related news, COO Edward Earl Wilcox sold 14,500 shares of Pacific Premier Bancorp stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $20.28, for a total transaction of $294,060.00. Following the completion of the sale, the chief operating officer now owns 140,283 shares of the company’s stock, valued at approximately $2,844,939.24. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen assumed coverage on Pacific Premier Bancorp in a research note on Thursday. They issued a “sell” rating on the stock. DA Davidson lowered shares of Pacific Premier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.25.

Pacific Premier Bancorp Price Performance

Shares of NASDAQ PPBI opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. Pacific Premier Bancorp, Inc. has a fifty-two week low of $18.06 and a fifty-two week high of $30.28. The stock has a market cap of $2.05 billion, a PE ratio of 12.91 and a beta of 1.18. The stock has a fifty day moving average of $20.77 and a 200-day moving average of $23.88.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. Pacific Premier Bancorp had a return on equity of 5.43% and a net margin of 17.54%. The business had revenue of $144.83 million during the quarter, compared to analyst estimates of $143.25 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 1.34 earnings per share for the current year.

Pacific Premier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.32 annualized dividend and a yield of 6.24%. Pacific Premier Bancorp’s dividend payout ratio is currently 86.84%.

Pacific Premier Bancorp Company 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.