Cwm LLC Has $31,000 Position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Cwm LLC increased its holdings in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI – Get Rating) by 64.2% during the third quarter, Holdings Channel reports. The fund owned 1,010 shares of the financial services provider’s stock after acquiring an additional 395 shares during the quarter. Cwm LLC’s holdings in Pacific Premier Bancorp were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Pacific Premier Bancorp by 19.0% in the 1st quarter. JPMorgan Chase & Co. now owns 274,989 shares of the financial services provider’s stock valued at $9,721,000 after purchasing an additional 43,956 shares during the period. Raymond James & Associates boosted its stake in Pacific Premier Bancorp by 1.2% in the 1st quarter. Raymond James & Associates now owns 46,891 shares of the financial services provider’s stock valued at $1,658,000 after purchasing an additional 534 shares during the period. Citigroup Inc. boosted its stake in Pacific Premier Bancorp by 9.9% in the 1st quarter. Citigroup Inc. now owns 83,219 shares of the financial services provider’s stock valued at $2,941,000 after purchasing an additional 7,486 shares during the period. PNC Financial Services Group Inc. boosted its stake in Pacific Premier Bancorp by 6.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 32,267 shares of the financial services provider’s stock valued at $1,140,000 after purchasing an additional 1,881 shares during the period. Finally, Bank of Montreal Can boosted its stake in Pacific Premier Bancorp by 46.1% in the 1st quarter. Bank of Montreal Can now owns 49,928 shares of the financial services provider’s stock valued at $1,802,000 after purchasing an additional 15,753 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Steven R. Gardner sold 102,638 shares of the company’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of $31.56, for a total transaction of $3,239,255.28. Following the completion of the sale, the chief executive officer now directly owns 368,482 shares in the company, valued at approximately $11,629,291.92. The sale was disclosed in a filing with the SEC, which is available through this link. 2.16% of the stock is owned by corporate insiders.

Pacific Premier Bancorp Stock Performance

NASDAQ:PPBI opened at $30.54 on Friday. The stock has a fifty day moving average price of $33.33 and a 200-day moving average price of $33.28. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 9.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86. Pacific Premier Bancorp, Inc. has a fifty-two week low of $27.92 and a fifty-two week high of $41.80.

Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) last announced its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Pacific Premier Bancorp had a return on equity of 10.57% and a net margin of 35.82%. The business had revenue of $201.30 million during the quarter, compared to the consensus estimate of $203.47 million. During the same period in the prior year, the company earned $0.95 EPS. Pacific Premier Bancorp’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Pacific Premier Bancorp, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Pacific Premier Bancorp in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

About Pacific Premier Bancorp

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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.