Great West Life Assurance Co. Can Makes New Investment in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Great West Life Assurance Co. Can purchased a new position in Pacific Premier Bancorp, Inc. (NASDAQ:PPBIGet Rating) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 117,381 shares of the financial services provider’s stock, valued at approximately $3,634,000.

A number of other large investors have also bought and sold shares of the stock. FMR LLC grew its holdings in Pacific Premier Bancorp by 4.1% in the second quarter. FMR LLC now owns 7,449 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 296 shares during the period. Captrust Financial Advisors grew its holdings in Pacific Premier Bancorp by 4.6% in the second quarter. Captrust Financial Advisors now owns 7,666 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 335 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Pacific Premier Bancorp in the third quarter worth $1,839,000. First Republic Investment Management Inc. grew its holdings in Pacific Premier Bancorp by 3.9% in the first quarter. First Republic Investment Management Inc. now owns 10,192 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 380 shares during the period. Finally, CWM LLC grew its holdings in shares of Pacific Premier Bancorp by 64.2% during the third quarter. CWM LLC now owns 1,010 shares of the financial services provider’s stock valued at $31,000 after buying an additional 395 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Steven R. Gardner sold 102,638 shares of the business’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $31.56, for a total transaction of $3,239,255.28. Following the transaction, the chief executive officer now directly owns 368,482 shares in the company, valued at $11,629,291.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Pacific Premier Bancorp Stock Up 0.4 %

Shares of NASDAQ PPBI opened at $30.67 on Tuesday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.93 and a beta of 1.24. The company has a 50-day moving average price of $33.21 and a 200-day moving average price of $33.31. Pacific Premier Bancorp, Inc. has a 1 year low of $27.92 and a 1 year high of $40.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 0.86.

Pacific Premier Bancorp Profile

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Pacific Premier Bancorp, Inc is a bank holding company, which engages in the provision of banking services through its subsidiary, Pacific Premier Bank. It offers deposit products and services for business and consumer customers, including checking, money market and savings accounts, cash management services, electronic banking, and on-line bill payment.

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

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