Pacific Premier Bancorp (PPBI) Stock Declined While Mendon Capital Advisors Corp Cut Holding

January 21, 2018 - By Peter Erickson

Investors sentiment decreased to 1.49 in 2017 Q3. Its down 0.63, from 2.12 in 2017Q2. It fall, as 14 investors sold PPBI shares while 35 reduced holdings. 22 funds opened positions while 51 raised stakes. 32.65 million shares or 0.31% more from 32.55 million shares in 2017Q2 were reported. Morgan Stanley accumulated 84,771 shares. Polar Cap Ltd Liability Partnership has 204,145 shares for 0.09% of their portfolio. First Tru Advsr LP has invested 0.01% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). 66,915 were reported by Scholtz & Ltd Liability Corporation. Howe Rusling has invested 0% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Bw Gestao De Investimentos Ltda invested 0.05% of its portfolio in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Voya Investment Mngmt Ltd Liability Corp owns 17,330 shares or 0% of their US portfolio. Schwab Charles Investment has invested 0.01% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Hbk LP accumulated 23,646 shares. First Mercantile Trust owns 7,578 shares. Sterling Cap Management accumulated 53,141 shares. Victory Mgmt Inc owns 572,307 shares. Stieven Cap Lp invested 3.12% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Verition Fund Mgmt Limited Liability stated it has 9,318 shares. Alphaone Services Limited Co accumulated 641 shares.

Since August 15, 2017, it had 0 insider purchases, and 5 selling transactions for $2.84 million activity. LAGOMARSINO SIMONE also sold $225,000 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Tuesday, August 15. WILCOX EDWARD EARL also sold $820,172 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Thursday, September 7.

Anton Schutz decreased its stake in Pacific Premier Bancorp (PPBI) by 16.39% based on its latest 2017Q3 regulatory filing with the SEC. Mendon Capital Advisors Corp sold 152,167 shares as the company’s stock declined 16.15% while stock markets rallied. The hedge fund run by Anton Schutz held 776,390 shares of the major banks company at the end of 2017Q3, valued at $29.31M, down from 928,557 at the end of the previous reported quarter. Mendon Capital Advisors Corp who had been investing in Pacific Premier Bancorp for a number of months, seems to be less bullish one the $1.92 billion market cap company. The stock increased 1.71% or $0.7 during the last trading session, reaching $41.55. About 279,961 shares traded. Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has risen 45.98% since January 21, 2017 and is uptrending. It has outperformed by 29.28% the S&P500.

Mendon Capital Advisors Corp, which manages about $171.54M and $1.19 billion US Long portfolio, upped its stake in Spdr Series Trust (Put) (KRE) by 80,000 shares to 608,000 shares, valued at $34.51M in 2017Q3, according to the filing. It also increased its holding in Capital One Finl Corp (Put) (NYSE:COF) by 40,000 shares in the quarter, for a total of 128,000 shares, and has risen its stake in Ishares Tr (Put) (EEM).

Analysts await Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) to report earnings on January, 23. They expect $0.41 earnings per share, down 8.89 % or $0.04 from last year’s $0.45 per share. PPBI’s profit will be $18.95M for 25.34 P/E if the $0.41 EPS becomes a reality. After $0.50 actual earnings per share reported by Pacific Premier Bancorp, Inc. for the previous quarter, Wall Street now forecasts -18.00 % negative EPS growth.

More notable recent Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) news were published by: Businesswire.com which released: “Pacific Premier Bancorp, Inc. Announces Completion of Acquisition of Plaza Bancorp” on November 01, 2017, also Seekingalpha.com with their article: “Pacific Premier Bancorp Seems To Be Living Up To Its Name” published on February 10, 2017, Businesswire.com published: “Pacific Premier Bancorp Announces Receipt of Regulatory Approvals for …” on March 21, 2017. More interesting news about Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) were released by: Businesswire.com and their article: “Pacific Premier Bancorp, Inc. to Acquire Plaza Bancorp” published on August 09, 2017 as well as Businesswire.com‘s news article titled: “Pacific Premier Bank Named Official Business Bank of the Los Angeles Chargers” with publication date: November 17, 2017.

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Ratings Coverage

Among 7 analysts covering Pacific Premier Bancorp (NASDAQ:PPBI), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Pacific Premier Bancorp had 15 analyst reports since September 28, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Wood given on Friday, October 2. FBR Capital maintained the stock with “Outperform” rating in Thursday, July 21 report. The rating was maintained by Stephens with “Buy” on Tuesday, July 25. The firm has “Buy” rating given on Thursday, April 21 by DA Davidson. The stock has “Buy” rating by Piper Jaffray on Friday, August 18. The stock has “Outperform” rating by FBR Capital on Friday, July 1. Keefe Bruyette & Woods maintained Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $46.0 target. The rating was maintained by Piper Jaffray with “Buy” on Thursday, October 5. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, October 11. Keefe Bruyette & Woods maintained Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Monday, June 26 with “Buy” rating.

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