California Public Employees Retirement System Has $3.74 Million Stake in Pacific Premier Bancorp, Inc. (PPBI)

California Public Employees Retirement System boosted its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,097 shares of the financial services provider’s stock after purchasing an additional 10,110 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Pacific Premier Bancorp worth $3,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new position in Pacific Premier Bancorp during the 2nd quarter worth $31,506,000. The Manufacturers Life Insurance Company grew its stake in Pacific Premier Bancorp by 2,947.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 634,567 shares of the financial services provider’s stock worth $23,415,000 after buying an additional 613,744 shares during the last quarter. Phocas Financial Corp. grew its stake in Pacific Premier Bancorp by 317.5% during the 2nd quarter. Phocas Financial Corp. now owns 495,358 shares of the financial services provider’s stock worth $18,279,000 after buying an additional 376,711 shares during the last quarter. Vanguard Group Inc. grew its stake in Pacific Premier Bancorp by 31.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,478,727 shares of the financial services provider’s stock worth $54,566,000 after buying an additional 354,386 shares during the last quarter. Finally, State Street Corp grew its stake in Pacific Premier Bancorp by 30.5% during the 2nd quarter. State Street Corp now owns 1,187,936 shares of the financial services provider’s stock worth $43,834,000 after buying an additional 277,305 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) opened at $40.85 on Friday. The stock has a market capitalization of $1,895.00, a PE ratio of 25.22, a PEG ratio of 1.98 and a beta of 0.82. 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, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $42.55.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $72.51 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.33 EPS. sell-side analysts expect that Pacific Premier Bancorp, Inc. will post 1.68 earnings per share for the current year.

Several brokerages recently weighed in on PPBI. Zacks Investment Research upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Saturday, January 6th. Piper Jaffray Companies restated a “buy” rating and set a $49.00 target price on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Finally, ValuEngine cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One investment 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. Pacific Premier Bancorp currently has an average rating of “Hold” and an average price target of $44.75.

In other Pacific Premier Bancorp news, Chairman Steven R. Gardner sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $41.02, for a total transaction of $512,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ronald J. Jr. Nicolas acquired 2,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $36.97 per share, with a total value of $92,425.00. The disclosure for this purchase can be found here. Corporate insiders own 4.59% of the company’s stock.

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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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