Victory Capital Management Inc. Decreases Stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Victory Capital Management Inc. reduced its stake in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 878,984 shares of the financial services provider’s stock after selling 2,898 shares during the period. Victory Capital Management Inc. owned approximately 0.93% of Pacific Premier Bancorp worth $27,213,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Geneva Capital Management LLC boosted its position in shares of Pacific Premier Bancorp by 4.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,200,118 shares of the financial services provider’s stock worth $37,155,000 after purchasing an additional 45,701 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Pacific Premier Bancorp by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,422 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 474 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Pacific Premier Bancorp during the 3rd quarter worth $3,634,000. CWM LLC boosted its position in shares of Pacific Premier Bancorp by 64.2% during the 3rd quarter. CWM LLC now owns 1,010 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 395 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Pacific Premier Bancorp by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,564 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 794 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Steven R. Gardner sold 102,638 shares of the business’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $31.56, for a total value of $3,239,255.28. Following the sale, the chief executive officer now directly owns 368,482 shares in the company, valued at approximately $11,629,291.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

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

Pacific Premier Bancorp Price Performance

Pacific Premier Bancorp stock opened at $30.67 on Tuesday. Pacific Premier Bancorp, Inc. has a 52 week low of $27.92 and a 52 week high of $40.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $33.21 and its 200 day simple moving average is $33.31. The firm has a market capitalization of $2.91 billion, a PE ratio of 9.93 and a beta of 1.24.

Pacific Premier Bancorp Profile

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Pacific Premier Bancorp, Inc is a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment.

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

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