Next Century Growth Investors LLC lessened its stake in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,320 shares of the financial services provider’s stock after selling 37,499 shares during the quarter. Next Century Growth Investors LLC’s holdings in Pacific Premier Bancorp were worth $6,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. boosted its holdings in shares of Pacific Premier Bancorp by 0.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 295,666 shares of the financial services provider’s stock valued at $11,827,000 after buying an additional 1,383 shares during the period. Citigroup Inc. boosted its holdings in shares of Pacific Premier Bancorp by 9.8% in the first quarter. Citigroup Inc. now owns 19,047 shares of the financial services provider’s stock valued at $765,000 after buying an additional 1,701 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Pacific Premier Bancorp by 2.8% in the first quarter. Prudential Financial Inc. now owns 66,356 shares of the financial services provider’s stock valued at $2,668,000 after buying an additional 1,810 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Pacific Premier Bancorp by 32.9% in the first quarter. Citadel Advisors LLC now owns 7,527 shares of the financial services provider’s stock valued at $303,000 after buying an additional 1,864 shares during the period. Finally, Profund Advisors LLC boosted its holdings in shares of Pacific Premier Bancorp by 38.4% in the first quarter. Profund Advisors LLC now owns 8,048 shares of the financial services provider’s stock valued at $324,000 after buying an additional 2,233 shares during the period. Institutional investors own 85.50% of the company’s stock.

Shares of PPBI stock traded up $0.20 during trading on Thursday, reaching $42.35. The company’s stock had a trading volume of 1,941 shares, compared to its average volume of 341,321. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.96 billion, a PE ratio of 23.81, a P/E/G ratio of 1.94 and a beta of 0.71. Pacific Premier Bancorp, Inc. has a one year low of $32.05 and a one year high of $46.05.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The business had revenue of $88.95 million during the quarter, compared to the consensus estimate of $89.10 million. Pacific Premier Bancorp had a return on equity of 8.57% and a net margin of 22.48%. During the same period in the prior year, the firm earned $0.34 EPS. equities analysts predict that Pacific Premier Bancorp, Inc. will post 2.71 earnings per share for the current fiscal year.

PPBI has been the subject of several research analyst reports. Piper Jaffray Companies set a $55.00 price target on shares of Pacific Premier Bancorp and gave the company a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. BidaskClub upgraded shares of Pacific Premier Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Finally, ValuEngine cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.00.

In other news, Chairman Steven R. Gardner sold 37,438 shares of the business’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $41.43, for a total value of $1,551,056.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.59% of the company’s stock.

Pacific Premier Bancorp Profile

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. Its deposit products include checking, money market, and savings accounts. The company's loan portfolio comprises commercial business loans, lines of credit, small business administration loans, commercial real estate loans, agribusiness loans, home equity lines of credit, construction loans, farmland, and consumer loans, as well as multi-family residential, one-to-four family real estate, commercial and industrial, and franchise lending; warehouse repurchase facilities; and credit facilities to Home Owners' Associations (HOA) and HOA management companies.

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

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