SCHEDULE 13G/A: T. Rowe Price Investment Management Discloses Passive 3.9% Stake in Pacific Premier Bancorp

T. Rowe Price Investment Management, Inc. has filed an amendment to its Schedule 13G, disclosing a passive 3.9% beneficial ownership stake in Pacific Premier Bancorp Inc.

Summary

• T. Rowe Price Investment Management, Inc. reported beneficial ownership of 3,784,966 shares of Pacific Premier Bancorp Inc. common stock.
• This ownership represents 3.9% of the class of securities.
• T. Rowe Price Investment Management, Inc. holds sole voting power and sole dispositive power over all 3,784,966 shares.
• The filing is an Amendment No. 1 to Schedule 13G, indicating an update to a previously reported position.
• The reporting person, an investment adviser, certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a passive ownership stake and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company.

Key Dates

Keywords

Pacific Premier Bancorp, T. Rowe Price, Schedule 13G, SEC filing, beneficial ownership, common stock, investment management, bank holding company