Pacific Premier Bancorp Inc (PPBI) Shares Bought by American International Group Inc.

American International Group Inc. grew its stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,281 shares of the financial services provider’s stock after acquiring an additional 1,966 shares during the period. American International Group Inc. owned 0.06% of Pacific Premier Bancorp worth $992,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Alps Advisors Inc. grew its stake in Pacific Premier Bancorp by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,184 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 31 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Pacific Premier Bancorp by 9.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,340 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 460 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Pacific Premier Bancorp by 18.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,555 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 1,000 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in 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 worth $127,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Pacific Premier Bancorp by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 46,168 shares of the financial services provider’s stock worth $1,780,000 after acquiring an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

In other news, Chairman Steven R. Gardner sold 12,500 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $41.02, for a total transaction of $512,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ronald J. Jr. Nicolas acquired 2,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $36.97 per share, for a total transaction of $92,425.00. The disclosure for this purchase can be found here. 4.59% of the stock is currently owned by company insiders.

Pacific Premier Bancorp Inc (NASDAQ PPBI) opened at $40.10 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.02. Pacific Premier Bancorp Inc has a one year low of $32.05 and a one year high of $42.55. The stock has a market cap of $1,807.19, a P/E ratio of 20.47, a PEG ratio of 2.92 and a beta of 0.82.

Pacific Premier Bancorp (NASDAQ:PPBI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Pacific Premier Bancorp had a net margin of 21.82% and a return on equity of 9.21%. The firm had revenue of $72.51 million for the quarter, compared to the consensus estimate of $72.23 million. During the same period last year, the firm earned $0.33 earnings per share. analysts predict that Pacific Premier Bancorp Inc will post 1.68 EPS for the current year.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. ValuEngine downgraded shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $49.00 target price on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.00.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/12/20/pacific-premier-bancorp-inc-ppbi-shares-bought-by-american-international-group-inc.html.

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.

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

Receive News & Ratings for Pacific Premier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply