Quantum Capital Management Nj buys $9,364,182 stake in Pacific Premier Bancorp (PPBI)

Pacific Premier Bancorp (PPBI) : Quantum Capital Management Nj scooped up 15,765 additional shares in Pacific Premier Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 358,369 shares of Pacific Premier Bancorp which is valued at $9,364,182.Pacific Premier Bancorp makes up approximately 3.10% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in PPBI in the latest quarter, The investment management firm added 4,481 additional shares and now holds a total of 54,145 shares of Pacific Premier Bancorp which is valued at $1,414,809.Blackrock Advisors boosted its stake in PPBI in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 12,634 shares of Pacific Premier Bancorp which is valued at $330,126. Acrospire Investment Management added PPBI to its portfolio by purchasing 1,843 company shares during the most recent quarter which is valued at $47,973. Pacific Premier Bancorp makes up approx 0.03% of Acrospire Investment Management’s portfolio.Emerald Mutual Fund Advisers Trust boosted its stake in PPBI in the latest quarter, The investment management firm added 51,086 additional shares and now holds a total of 674,342 shares of Pacific Premier Bancorp which is valued at $16,285,359. Pacific Premier Bancorp makes up approx 0.86% of Emerald Mutual Fund Advisers Trust’s portfolio. American Century Companies Inc added PPBI to its portfolio by purchasing 88,870 company shares during the most recent quarter which is valued at $2,151,543.

Pacific Premier Bancorp opened for trading at $26.7 and hit $26.9 on the upside on Tuesday, eventually ending the session at $26.85, with a gain of 0.98% or 0.26 points. The heightened volatility saw the trading volume jump to 1,09,099 shares. Company has a market cap of $743 M.

On the company’s financial health, Pacific Premier Bancorp reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 42.32.

Many Wall Street Analysts have commented on Pacific Premier Bancorp. Company shares were Reiterated by FBR Capital on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .Pacific Premier Bancorp was Downgraded by FIG Partners to ” Market Perform” on Jul 21, 2016. FBR Capital Initiated Pacific Premier Bancorp on Jul 1, 2016 to “Outperform”, Price Target of the shares are set at $28.

Pacific Premier Bancorp Inc. is a bank holding company. The Company’s wholly owned subsidiary Pacific Premier Bank (the Bank) is a California state-chartered commercial bank. The Bank’s primary focus market is small and middle market businesses. The Bank offers various deposit products and services including checking money market and savings accounts cash management services electronic banking services and online bill payment. The Bank also offers an array of loan products such as commercial business loans lines of credit small business administration loans warehouse credit facilities commercial real estate loans residential home loans construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of around 16 full-service depository branches in the counties of Los Angeles Orange Riverside San Bernardino and San Diego.

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