Navellier & Associates Inc cut its position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,884 shares of the financial services provider’s stock after selling 3,352 shares during the period. Navellier & Associates Inc owned 0.06% of Pacific Premier Bancorp worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. LS Investment Advisors LLC acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $130,000. Ameritas Investment Partners Inc. boosted its stake in shares of Pacific Premier Bancorp by 52.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,441 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,177 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Pacific Premier Bancorp by 266.5% in the third quarter. Quantbot Technologies LP now owns 4,182 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 3,041 shares during the last quarter. Financial Advisors Network Inc. acquired a new stake in shares of Pacific Premier Bancorp in the fourth quarter worth approximately $200,000. Finally, Strs Ohio acquired a new stake in shares of Pacific Premier Bancorp in the third quarter worth approximately $196,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. BidaskClub raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised Pacific Premier Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, February 15th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 price target on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. Stephens reaffirmed a “hold” rating and issued a $45.00 price target on shares of Pacific Premier Bancorp in a research note on Tuesday, February 6th. Finally, ValuEngine lowered Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.40.
Pacific Premier Bancorp, Inc. (NASDAQ PPBI) opened at $42.50 on Friday. The firm has a market capitalization of $1,923.97, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.05. Pacific Premier Bancorp, Inc. has a 12 month low of $32.05 and a 12 month high of $42.90.
Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $87.62 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.43 earnings per share. equities analysts forecast that Pacific Premier Bancorp, Inc. will post 2.83 EPS for the current fiscal year.
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Pacific Premier Bancorp Company 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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