Monarch Partners Asset Management LLC cut its stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 7.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 131,090 shares of the financial services provider’s stock after selling 11,320 shares during the period. Monarch Partners Asset Management LLC’s holdings in Pacific Premier Bancorp were worth $4,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Pacific Premier Bancorp by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock valued at $112,000 after buying an additional 207 shares during the last quarter. Navellier & Associates Inc boosted its stake in shares of Pacific Premier Bancorp by 0.7% in the first quarter. Navellier & Associates Inc now owns 34,653 shares of the financial services provider’s stock valued at $1,336,000 after buying an additional 228 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Pacific Premier Bancorp by 4.1% in the first quarter. Citadel Advisors LLC now owns 10,632 shares of the financial services provider’s stock valued at $410,000 after buying an additional 415 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Pacific Premier Bancorp by 0.3% in the first quarter. Alliancebernstein L.P. now owns 156,640 shares of the financial services provider’s stock valued at $6,038,000 after buying an additional 500 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in shares of Pacific Premier Bancorp by 0.8% in the first quarter. Ngam Advisors L.P. now owns 134,335 shares of the financial services provider’s stock valued at $5,179,000 after buying an additional 1,044 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Pacific Premier Bancorp Inc (NASDAQ PPBI) opened at 35.35 on Friday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.51 and a beta of 0.72. Pacific Premier Bancorp Inc has a 12-month low of $24.00 and a 12-month high of $41.90. The stock’s 50 day moving average price is $36.47 and its 200 day moving average price is $37.18.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.12. The business had revenue of $72.10 million for the quarter, compared to the consensus estimate of $68.18 million. Pacific Premier Bancorp had a return on equity of 9.42% and a net margin of 19.85%. During the same quarter in the prior year, the business earned $0.38 EPS. On average, equities research analysts anticipate that Pacific Premier Bancorp Inc will post $1.68 earnings per share for the current fiscal year.

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Several brokerages have issued reports on PPBI. BidaskClub cut Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Stephens cut Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. ValuEngine upgraded Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $42.00 price objective on shares of Pacific Premier Bancorp in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $41.75.

In other Pacific Premier Bancorp news, Director Simone Lagomarsino sold 6,250 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $37.00, for a total transaction of $231,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 18,750 shares of company stock valued at $684,688. Corporate insiders own 4.59% of the company’s stock.

About Pacific Premier Bancorp

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

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