Marshall Wace LLP Invests $1.23 Million in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Marshall Wace LLP purchased a new position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,257 shares of the financial services provider’s stock, valued at approximately $1,227,000. Marshall Wace LLP owned about 0.07% of Pacific Premier Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Pacific Premier Bancorp by 2.5% in the 4th quarter. BlackRock Inc. now owns 6,761,178 shares of the financial services provider’s stock valued at $172,546,000 after buying an additional 162,343 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Pacific Premier Bancorp by 11.9% during the first quarter. Janus Henderson Group PLC now owns 4,629,316 shares of the financial services provider’s stock valued at $122,816,000 after buying an additional 491,994 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Pacific Premier Bancorp by 10.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,294,104 shares of the financial services provider’s stock valued at $58,545,000 after buying an additional 209,829 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Pacific Premier Bancorp by 28.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,380,842 shares of the financial services provider’s stock valued at $36,634,000 after buying an additional 301,904 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in Pacific Premier Bancorp by 17.5% during the fourth quarter. Brown Advisory Inc. now owns 1,163,019 shares of the financial services provider’s stock valued at $29,680,000 after buying an additional 172,936 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

A number of research firms have commented on PPBI. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. TheStreet raised shares of One Group Hospitality from a “d” rating to a “b-” rating in a research report on Tuesday, April 23rd. Janney Montgomery Scott raised shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, BidaskClub downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Pacific Premier Bancorp has an average rating of “Hold” and a consensus target price of $37.50.

Shares of Pacific Premier Bancorp stock traded up $0.36 during midday trading on Thursday, hitting $30.62. The company had a trading volume of 136,255 shares, compared to its average volume of 411,224. The company has a market cap of $1.92 billion, a PE ratio of 12.20, a PEG ratio of 1.49 and a beta of 1.23. Pacific Premier Bancorp, Inc. has a 1-year low of $23.01 and a 1-year high of $40.10. The company’s 50 day moving average price is $30.12. 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 (NASDAQ:PPBI) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $119.09 million during the quarter, compared to analysts’ expectations of $121.55 million. Pacific Premier Bancorp had a return on equity of 8.24% and a net margin of 25.82%. During the same period last year, the business earned $0.62 earnings per share. Equities analysts predict that Pacific Premier Bancorp, Inc. will post 2.56 earnings per share for the current fiscal year.

Pacific Premier Bancorp Profile

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.

Further Reading: CD Ladder

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

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