Pacific Premier Bancorp, Inc. (PPBI) Holdings Decreased by Emerald Advisers Inc. PA

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Emerald Advisers Inc. PA reduced its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 1,005,059 shares of the financial services provider’s stock after selling 30,470 shares during the period. Pacific Premier Bancorp accounts for approximately 1.4% of Emerald Advisers Inc. PA’s investment portfolio, making the stock its 13th biggest holding. Emerald Advisers Inc. PA’s holdings in Pacific Premier Bancorp were worth $37,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Pacific Premier Bancorp by 16.7% in the second quarter. BlackRock Inc. now owns 5,929,600 shares of the financial services provider’s stock worth $226,215,000 after buying an additional 849,764 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Pacific Premier Bancorp by 123.6% in the second quarter. Janus Henderson Group PLC now owns 3,674,522 shares of the financial services provider’s stock worth $140,183,000 after buying an additional 2,031,417 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Pacific Premier Bancorp by 28.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,076,930 shares of the financial services provider’s stock worth $79,236,000 after buying an additional 462,393 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Pacific Premier Bancorp by 27.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,684,907 shares of the financial services provider’s stock worth $64,279,000 after buying an additional 365,375 shares in the last quarter. Finally, Channing Capital Management LLC purchased a new position in shares of Pacific Premier Bancorp in the second quarter worth $54,896,000. Institutional investors and hedge funds own 74.63% of the company’s stock.

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Pacific Premier Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Stephens reissued a “hold” rating and issued a $43.00 target price on shares of Pacific Premier Bancorp in a report on Wednesday, July 25th. Finally, BidaskClub downgraded shares of Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.00.

PPBI stock opened at $29.10 on Wednesday. Pacific Premier Bancorp, Inc. has a one year low of $26.70 and a one year high of $46.05. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.71 billion, a PE ratio of 16.44, a P/E/G ratio of 1.47 and a beta of 0.74.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Pacific Premier Bancorp had a return on equity of 8.54% and a net margin of 23.18%. The company had revenue of $120.26 million during the quarter, compared to analysts’ expectations of $121.43 million. During the same period last year, the firm posted $0.50 EPS. On average, equities research analysts predict that Pacific Premier Bancorp, Inc. will post 2.47 EPS for the current year.

In related news, Director Don M. Griffith sold 19,245 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $40.02, for a total transaction of $770,184.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Simone Lagomarsino sold 7,828 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $38.58, for a total transaction of $302,004.24. The disclosure for this sale can be found here. 4.12% of the stock is owned by corporate insiders.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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

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