Fj Capital Management Lowers stake in Pacific Premier Bancorp (PPBI)

Pacific Premier Bancorp (PPBI) : Fj Capital Management reduced its stake in Pacific Premier Bancorp by 0.27% during the most recent quarter end. The investment management company now holds a total of 731,000 shares of Pacific Premier Bancorp which is valued at $23,355,450 after selling 2,000 shares in Pacific Premier Bancorp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Pacific Premier Bancorp makes up approximately 3.98% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Perkins Investment Management boosted its stake in PPBI in the latest quarter, The investment management firm added 102,183 additional shares and now holds a total of 432,161 shares of Pacific Premier Bancorp which is valued at $13,137,694. Pacific Premier Bancorp makes up approx 0.19% of Perkins Investment Management’s portfolio. Tower Research Capital (trc) added PPBI to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $131. Clarivest Asset Management sold out all of its stake in PPBI during the most recent quarter. The investment firm sold 660 shares of PPBI which is valued $17,226.Victory Capital Management Inc boosted its stake in PPBI in the latest quarter, The investment management firm added 12,150 additional shares and now holds a total of 38,900 shares of Pacific Premier Bancorp which is valued at $990,005.

Pacific Premier Bancorp opened for trading at $31.9 and hit $32.05 on the upside on Monday, eventually ending the session at $31.95, with a gain of 0.47% or 0.15 points. The heightened volatility saw the trading volume jump to 1,80,265 shares. Company has a market cap of $884 M.

On the company’s financial health, Pacific Premier Bancorp reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $0.42. The company had revenue of $45.00 million for the quarter, compared to analysts expectations of $43.46 million. The company’s revenue was up 44.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Pacific Premier Bancorp. Pacific Premier Bancorp was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016.

Pacific Premier Bancorp Inc. is a bank holding company. The Company’s wholly owned subsidiary Pacific Premier Bank (the Bank) is a California state-chartered commercial bank. The Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services including checking money market and savings accounts cash management services electronic banking services and online bill payment. The Bank also offers an array of loan products such as commercial business loans lines of credit small business administration loans warehouse credit facilities commercial real estate loans residential home loans construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of around 16 full-service depository branches in the counties of Los Angeles Orange Riverside San Bernardino and San Diego.

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