Catalyst Capital Advisors LLC Purchases New Holdings in Pacific Premier Bancorp, Inc. (PPBI)

Catalyst Capital Advisors LLC purchased a new stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,000 shares of the financial services provider’s stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPBI. Citigroup Inc. increased its holdings in Pacific Premier Bancorp by 664.8% in the 2nd quarter. Citigroup Inc. now owns 3,044 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,646 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Pacific Premier Bancorp by 52.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,177 shares in the last quarter. LS Investment Advisors LLC acquired a new stake in Pacific Premier Bancorp in the 4th quarter valued at $130,000. Quantbot Technologies LP increased its holdings in Pacific Premier Bancorp by 266.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Pacific Premier Bancorp in the 3rd quarter valued at $196,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Shares of Pacific Premier Bancorp, Inc. (PPBI) opened at $41.75 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a market capitalization of $1,886.97, a PE ratio of 26.94, a PEG ratio of 1.87 and a beta of 0.72. Pacific Premier Bancorp, Inc. has a 52 week low of $32.05 and a 52 week high of $42.55.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $87.62 million during the quarter, compared to the consensus estimate of $83.30 million. Pacific Premier Bancorp had a return on equity of 8.65% and a net margin of 19.96%. During the same period last year, the firm earned $0.43 earnings per share. sell-side analysts predict that Pacific Premier Bancorp, Inc. will post 2.73 EPS for the current fiscal year.

Several analysts recently issued reports on PPBI shares. Zacks Investment Research upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Saturday, January 6th. ValuEngine downgraded Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 price target on shares of Pacific Premier Bancorp in a report on Friday, October 27th. Finally, Stephens reiterated a “hold” rating and issued a $45.00 price target on shares of Pacific Premier Bancorp in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Pacific Premier Bancorp currently has an average rating of “Hold” and an average price target of $46.40.

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Pacific Premier Bancorp 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.

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

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