New York State Common Retirement Fund Raises Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

New York State Common Retirement Fund boosted its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 4.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,087 shares of the financial services provider’s stock after buying an additional 11,802 shares during the quarter. New York State Common Retirement Fund owned approximately 0.44% of Pacific Premier Bancorp worth $7,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PPBI. Piedmont Investment Advisors Inc. grew its position in Pacific Premier Bancorp by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,714 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 356 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Pacific Premier Bancorp by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 18,733 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 462 shares during the period. Bank of Montreal Can lifted its stake in Pacific Premier Bancorp by 13.8% during the 4th quarter. Bank of Montreal Can now owns 3,956 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 480 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Pacific Premier Bancorp by 3.5% in the 1st quarter. Mason Street Advisors LLC now owns 14,451 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 482 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pacific Premier Bancorp by 22.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,568 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 649 shares during the period. Institutional investors own 82.56% of the company’s stock.

PPBI traded up $0.26 during trading on Friday, reaching $30.88. 2,946,712 shares of the company traded hands, compared to its average volume of 390,092. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Pacific Premier Bancorp, Inc. has a 12-month low of $23.01 and a 12-month high of $40.10. The business’s fifty day simple moving average is $29.71. The stock has a market capitalization of $1.94 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.50 and a beta of 1.23.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. Pacific Premier Bancorp had a net margin of 25.82% and a return on equity of 8.24%. The business had revenue of $119.09 million during the quarter, compared to analyst estimates of $121.55 million. During the same period last year, the firm posted $0.62 EPS. On average, equities research analysts predict that Pacific Premier Bancorp, Inc. will post 2.56 earnings per share for the current year.

Several brokerages have recently weighed in on PPBI. Zacks Investment Research cut shares of Pacific Premier Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. Janney Montgomery Scott cut shares of Pacific Premier Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, June 7th. BidaskClub cut shares of Pacific Premier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. ValuEngine upgraded shares of Pacific Premier Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, TheStreet upgraded shares of Pacific Premier Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.50.

About Pacific Premier Bancorp

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.

Featured Story: What is a short straddle?

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

Receive News & Ratings for Pacific Premier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Premier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.