Cwm LLC Has $31,000 Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Cwm LLC boosted its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) by 64.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010 shares of the financial services provider’s stock after acquiring an additional 395 shares during the quarter. Cwm LLC’s holdings in Pacific Premier Bancorp were worth $31,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new stake in shares of Pacific Premier Bancorp in the third quarter valued at $1,839,000. Lazard Asset Management LLC acquired a new stake in shares of Pacific Premier Bancorp in the first quarter valued at $32,000. Eagle Bay Advisors LLC increased its position in Pacific Premier Bancorp by 71.4% in the second quarter. Eagle Bay Advisors LLC now owns 1,352 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 563 shares during the period. Fifth Third Bancorp increased its position in Pacific Premier Bancorp by 48.0% in the second quarter. Fifth Third Bancorp now owns 1,510 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 490 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Pacific Premier Bancorp by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 2,201 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 507 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Pacific Premier Bancorp in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Pacific Premier Bancorp Price Performance

Shares of PPBI opened at $30.54 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.34. Pacific Premier Bancorp, Inc. has a 1 year low of $27.92 and a 1 year high of $41.80. The stock has a market cap of $2.90 billion, a P/E ratio of 9.88 and a beta of 1.24. The stock’s 50-day moving average price is $33.33 and its two-hundred day moving average price is $33.28.

Pacific Premier Bancorp (NASDAQ:PPBIGet Rating) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Pacific Premier Bancorp had a return on equity of 10.57% and a net margin of 35.82%. The firm had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $203.47 million. During the same quarter last year, the business earned $0.95 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Pacific Premier Bancorp, Inc. will post 2.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Steven R. Gardner sold 102,638 shares of Pacific Premier Bancorp stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $31.56, for a total transaction of $3,239,255.28. Following the transaction, the chief executive officer now owns 368,482 shares in the company, valued at approximately $11,629,291.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.16% of the company’s stock.

About Pacific Premier Bancorp

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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. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

Further Reading

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

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