Legal & General Group Plc Has $2.74 Million Holdings in Pacific Premier Bancorp, Inc. (PPBI)

Legal & General Group Plc boosted its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,307 shares of the financial services provider’s stock after acquiring an additional 3,872 shares during the quarter. Legal & General Group Plc’s holdings in Pacific Premier Bancorp were worth $2,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PPBI. Wells Fargo & Company MN raised its position in Pacific Premier Bancorp by 6.1% during the third quarter. Wells Fargo & Company MN now owns 165,203 shares of the financial services provider’s stock worth $6,146,000 after acquiring an additional 9,557 shares in the last quarter. Bank of New York Mellon Corp raised its position in Pacific Premier Bancorp by 8.3% during the third quarter. Bank of New York Mellon Corp now owns 746,857 shares of the financial services provider’s stock worth $27,782,000 after acquiring an additional 57,105 shares in the last quarter. BlackRock Inc. raised its position in Pacific Premier Bancorp by 11.3% during the third quarter. BlackRock Inc. now owns 6,598,835 shares of the financial services provider’s stock worth $245,478,000 after acquiring an additional 669,235 shares in the last quarter. Credit Suisse AG raised its position in Pacific Premier Bancorp by 10.7% during the third quarter. Credit Suisse AG now owns 81,015 shares of the financial services provider’s stock worth $3,013,000 after acquiring an additional 7,862 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Pacific Premier Bancorp by 10.1% during the third quarter. Great West Life Assurance Co. Can now owns 57,368 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 5,254 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. BidaskClub raised shares of Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. ValuEngine lowered shares of Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, February 25th. Finally, FIG Partners reissued an “outperform” rating on shares of Pacific Premier Bancorp in a research report on Tuesday, January 29th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.50.

In other news, Chairman Steven R. Gardner sold 43,535 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $29.92, for a total value of $1,302,567.20. Following the transaction, the chairman now directly owns 234,880 shares of the company’s stock, valued at $7,027,609.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.12% of the stock is owned by corporate insiders.

Shares of PPBI opened at $29.49 on Wednesday. The stock has a market capitalization of $1.86 billion, a PE ratio of 11.75, a P/E/G ratio of 1.41 and a beta of 1.27. Pacific Premier Bancorp, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.04.

Pacific Premier Bancorp (NASDAQ:PPBI) last issued its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The company had revenue of $122.26 million for the quarter, compared to analyst estimates of $121.76 million. Pacific Premier Bancorp had a net margin of 25.76% and a return on equity of 8.59%. The company’s revenue was up 43.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Equities research analysts anticipate that Pacific Premier Bancorp, Inc. will post 2.64 EPS for the current fiscal year.

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Pacific Premier Bancorp Company 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. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

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

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