Pacific Premier Bancorp Inc (PPBI) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 52.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,509 shares of the financial services provider’s stock after purchasing an additional 24,341 shares during the quarter. Teachers Advisors LLC owned about 0.18% of Pacific Premier Bancorp worth $2,602,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PPBI. Envestnet Asset Management Inc. raised its position in Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 207 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Pacific Premier Bancorp during the 2nd quarter worth about $113,000. North Star Investment Management Corp. acquired a new stake in Pacific Premier Bancorp during the 2nd quarter worth about $133,000. BNP Paribas Arbitrage SA raised its holdings in Pacific Premier Bancorp by 4,866.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,023 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,942 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new stake in Pacific Premier Bancorp during the 1st quarter worth about $188,000. 81.89% of the stock is owned by institutional investors and hedge funds.

In other Pacific Premier Bancorp news, Director Zareh Hovik Sarrafian purchased 1,500 shares of the stock in a transaction dated Thursday, September 7th. The stock was bought at an average price of $32.65 per share, with a total value of $48,975.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven R. Gardner sold 7,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.14, for a total value of $256,050.00. The disclosure for this sale can be found here. Insiders sold a total of 87,916 shares of company stock valued at $3,019,210 over the last ninety days. Insiders own 4.59% of the company’s stock.

Several research firms have issued reports on PPBI. BidaskClub downgraded Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stephens cut Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 price target on shares of Pacific Premier Bancorp in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies set a $43.00 price target on Pacific Premier Bancorp and gave the company a “buy” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Pacific Premier Bancorp has an average rating of “Hold” and an average price target of $43.00.

WARNING: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/20/pacific-premier-bancorp-inc-ppbi-shares-bought-by-teachers-advisors-llc.html.

Pacific Premier Bancorp Inc (PPBI) opened at 40.90 on Friday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.36 and a beta of 0.73. Pacific Premier Bancorp Inc has a 1-year low of $24.35 and a 1-year high of $41.90. The firm’s 50-day moving average price is $36.98 and its 200 day moving average price is $36.35.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.12). The company had revenue of $72.10 million during the quarter, compared to analyst estimates of $68.18 million. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts predict that Pacific Premier Bancorp Inc will post $1.68 EPS for the current year.

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&#

A number of other hedge funds also recently bought and sold shares of PPBI. Envestnet Asset Management Inc. raised its position in Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 207 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Pacific Premier Bancorp during the 2nd quarter worth about $113,000. North Star Investment Management Corp. acquired a new stake in Pacific Premier Bancorp during the 2nd quarter worth about $133,000. BNP Paribas Arbitrage SA raised its holdings in Pacific Premier Bancorp by 4,866.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,023 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,942 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new stake in Pacific Premier Bancorp during the 1st quarter worth about $188,000. 81.89% of the stock is owned by institutional investors and hedge funds.

In other Pacific Premier Bancorp news, Director Zareh Hovik Sarrafian purchased 1,500 shares of the stock in a transaction dated Thursday, September 7th. The stock was bought at an average price of $32.65 per share, with a total value of $48,975.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven R. Gardner sold 7,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.14, for a total value of $256,050.00. The disclosure for this sale can be found here. Insiders sold a total of 87,916 shares of company stock valued at $3,019,210 over the last ninety days. Insiders own 4.59% of the company’s stock.

Several research firms have issued reports on PPBI. BidaskClub downgraded Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stephens cut Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 price target on shares of Pacific Premier Bancorp in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies set a $43.00 price target on Pacific Premier Bancorp and gave the company a “buy” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Pacific Premier Bancorp has an average rating of “Hold” and an average price target of $43.00.

WARNING: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/20/pacific-premier-bancorp-inc-ppbi-shares-bought-by-teachers-advisors-llc.html.

Pacific Premier Bancorp Inc (PPBI) opened at 40.90 on Friday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.36 and a beta of 0.73. Pacific Premier Bancorp Inc has a 1-year low of $24.35 and a 1-year high of $41.90. The firm’s 50-day moving average price is $36.98 and its 200 day moving average price is $36.35.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.12). The company had revenue of $72.10 million during the quarter, compared to analyst estimates of $68.18 million. Pacific Premier Bancorp had a net margin of 19.85% and a return on equity of 9.42%. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts predict that Pacific Premier Bancorp Inc will post $1.68 EPS for the current year.

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.

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

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