Menta Capital LLC purchased a new position in Pacific Premier Bancorp Inc (NASDAQ:PPBI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,381 shares of the financial services provider’s stock, valued at approximately $2,265,000. Menta Capital LLC owned approximately 0.15% of Pacific Premier Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of PPBI. Wellington Management Group LLP grew its holdings in shares of Pacific Premier Bancorp by 78.6% during the first quarter. Wellington Management Group LLP now owns 1,906,964 shares of the financial services provider’s stock worth $73,513,000 after buying an additional 839,113 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Pacific Premier Bancorp by 2.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,528,425 shares of the financial services provider’s stock worth $56,399,000 after buying an additional 41,950 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pacific Premier Bancorp by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,124,341 shares of the financial services provider’s stock worth $43,343,000 after buying an additional 43,129 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Pacific Premier Bancorp by 13.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,058,226 shares of the financial services provider’s stock worth $40,795,000 after buying an additional 128,824 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Pacific Premier Bancorp by 54.6% during the first quarter. State Street Corp now owns 910,631 shares of the financial services provider’s stock worth $35,104,000 after buying an additional 321,765 shares in the last quarter. 82.40% of the stock is owned by institutional investors.

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Several research analysts have recently weighed in on PPBI shares. ValuEngine raised shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stephens lowered shares of Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies set a $43.00 price target on shares of Pacific Premier Bancorp and gave the stock a “buy” rating in a research note on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $42.00 price target 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 assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $42.25.

In other news, Director Simone Lagomarsino sold 6,250 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $36.00, for a total transaction of $225,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Zareh Hovik Sarrafian bought 1,500 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of $32.65 per share, for a total transaction of $48,975.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 94,166 shares of company stock valued at $3,245,772. Insiders own 4.59% of the company’s stock.

Shares of Pacific Premier Bancorp Inc (PPBI) traded up 0.43% during midday trading on Wednesday, hitting $35.05. The company had a trading volume of 10,886 shares. The stock’s 50-day moving average price is $35.34 and its 200-day moving average price is $36.27. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 24.31 and a beta of 0.73. Pacific Premier Bancorp Inc has a 12 month low of $24.00 and a 12 month high of $41.90.

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

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

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