Emerald Mutual Fund Advisers Trust raised its stake in shares of Pacific Premier Bancorp Inc (NASDAQ:PPBI) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 950,791 shares of the financial services provider’s stock after acquiring an additional 134,550 shares during the period. Pacific Premier Bancorp comprises approximately 1.5% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 4th largest holding. Emerald Mutual Fund Advisers Trust owned 2.37% of Pacific Premier Bancorp worth $35,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Pacific Premier Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,184 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 31 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Pacific Premier Bancorp by 7.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,926 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 207 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Pacific Premier Bancorp by 9.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,340 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 460 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Pacific Premier Bancorp by 18.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,555 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 1,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Pacific Premier Bancorp by 2.4% during the 1st quarter. California Public Employees Retirement System now owns 46,060 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

A number of equities research analysts have recently commented on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 target price on shares of Pacific Premier Bancorp in a research note on Friday, October 27th. BidaskClub cut Pacific Premier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine cut Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Stephens cut Pacific Premier Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Pacific Premier Bancorp currently has a consensus rating of “Hold” and an average price target of $45.00.

Pacific Premier Bancorp (NASDAQ:PPBI) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Pacific Premier Bancorp had a return on equity of 10.49% and a net margin of 21.82%. The company had revenue of $72.51 million for the quarter, compared to the consensus estimate of $72.23 million. During the same quarter in the prior year, the company earned $0.33 earnings per share.

In other Pacific Premier Bancorp news, President Edward Earl Wilcox sold 25,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $32.81, for a total value of $820,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Steven R. Gardner sold 12,500 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $41.02, for a total value of $512,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 100,416 shares of company stock worth $3,531,960. 4.59% of the stock is owned by corporate insiders.

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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.

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

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