Quantum Capital Management LLC NJ cut its holdings in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,849 shares of the financial services provider’s stock after selling 2,345 shares during the period. Quantum Capital Management LLC NJ owned about 0.32% of Pacific Premier Bancorp worth $5,581,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Citigroup Inc. grew its stake in shares of Pacific Premier Bancorp by 664.8% during the second quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 2,646 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Pacific Premier Bancorp during the second quarter valued at about $113,000. Ameritas Investment Partners Inc. grew its stake in shares of Pacific Premier Bancorp by 52.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,177 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Pacific Premier Bancorp by 4,866.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,023 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,942 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Pacific Premier Bancorp by 266.5% during the third quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 3,041 shares in the last quarter. Institutional investors own 71.87% of the company’s stock.

Several analysts have recently weighed in on PPBI shares. Piper Jaffray Companies set a $43.00 target price on Pacific Premier Bancorp and gave the company a “buy” rating in a research note on Saturday, August 19th. ValuEngine upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.00.

In other news, CFO Ronald J. Jr. Nicolas purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $36.97 per share, for a total transaction of $92,425.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Steven R. Gardner sold 12,500 shares of Pacific Premier Bancorp stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $41.02, for a total value of $512,750.00. The disclosure for this sale can be found here. Insiders sold 77,500 shares of company stock valued at $2,714,150 over the last quarter. Insiders own 4.59% of the company’s stock.

Pacific Premier Bancorp Inc (NASDAQ PPBI) opened at $38.65 on Friday. The company has a market capitalization of $1,786.40, a PE ratio of 20.24, a P/E/G ratio of 2.88 and a beta of 0.86. Pacific Premier Bancorp Inc has a 52 week low of $31.75 and a 52 week high of $42.55. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. The business had revenue of $72.51 million during the quarter, compared to the consensus estimate of $72.23 million. Pacific Premier Bancorp had a return on equity of 9.21% and a net margin of 21.82%. During the same period last year, the firm earned $0.33 earnings per share. analysts anticipate that Pacific Premier Bancorp Inc will post 1.68 EPS for the current fiscal year.

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Pacific Premier Bancorp Company Profile

Pacific Premier Bancorp, Inc is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans.

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

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