Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,230 shares of the financial services provider’s stock after buying an additional 17,874 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.39% of Pacific Premier Bancorp worth $6,729,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PPBI. Citigroup Inc. lifted its stake in shares of 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 acquiring an additional 2,646 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of 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 acquiring an additional 1,177 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Pacific Premier Bancorp by 4,866.7% in the 2nd 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 during the last quarter. Quantbot Technologies LP lifted its stake in shares of 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 acquiring an additional 3,041 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Pacific Premier Bancorp in the 3rd quarter valued at $196,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 target price on shares of Pacific Premier Bancorp in a research report on Friday, October 27th. ValuEngine lowered Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $44.75.

Pacific Premier Bancorp, Inc. (PPBI) traded down $0.30 during mid-day trading on Friday, hitting $41.55. The stock had a trading volume of 347,170 shares, compared to its average volume of 464,967. Pacific Premier Bancorp, Inc. has a 1 year low of $32.05 and a 1 year high of $42.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $1,910.00, a price-to-earnings ratio of 25.65, a PEG ratio of 2.02 and a beta of 0.82.

In other news, CFO Ronald J. Jr. Nicolas bought 2,500 shares of Pacific Premier Bancorp stock in a transaction dated Monday, November 13th. The stock was bought 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 SEC, which is available through the SEC website. Company 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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