SCHEDULE: BlackRock Amends 7.3% Stake in Pacific Premier Bancorp

BlackRock, Inc. has filed an Amendment No. 9 to its Schedule 13G, disclosing a 7.3% beneficial ownership stake in Pacific Premier Bancorp Inc.

Summary

• BlackRock, Inc. reports beneficial ownership of 7,060,684 shares of Common Stock in PACIFIC PREMIER BANCORP INC.
• This represents 7.3% of the class of securities outstanding.
• BlackRock, Inc. holds sole voting power over 6,843,606 shares.
• BlackRock, Inc. holds sole dispositive power over 7,060,684 shares.
• No shared voting or dispositive power is reported.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a routine disclosure of beneficial ownership by a large institutional investor, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

BlackRock, Inc. is one of the world's largest asset managers, and its filings of Schedule 13G are routine disclosures of its passive investment stakes in publicly traded companies. Such filings indicate an institutional investor's continued confidence or strategic positioning within a company, without implying an intent to influence management or control.

Stakeholder Impact

• Shareholders: Confirms a significant, passive institutional ownership stake by BlackRock, potentially signaling stability in the shareholder base.
• Management: Indicates that a major institutional investor holds a substantial position without intent to influence control, allowing management to focus on operational strategies.

Key Dates

Keywords

BlackRock, Pacific Premier Bancorp, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Asset Management