Mendon Capital Advisors Corp Lowered Pacific Premier Bancorp (NASDAQ:PPBI) Position by $13.47 Million as Price Declined

May 17, 2018 - By Sonya McDaniel

During 2017 Q4 the big money sentiment increased to 1.66. That’s change of 0.17, from 2017Q3’s 1.49. 17 investors sold all, 42 reduced holdings as PPBI ratio is positive. 51 rose stakes while 47 funds acquired stakes. Funds hold 39.55 million shares thus 21.14% more from 2017Q3’s 32.65 million shares. California State Teachers Retirement Systems invested 0.01% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Moreover, Ngam Limited Partnership has 0.05% invested in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 116,158 shs. Price T Rowe Associate Md owns 2.78 million shs. Emerald Advisers Pa owns 1.07 million shs. Stratos Wealth Prtnrs Limited holds 0% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 267 shs. Brinker owns 6,804 shs for 0.01% of their capital. Comerica Bancorp, a Michigan-based fund reported 40,125 shs. Sterling Capital Limited Com reported 66,166 shs stake. Invesco Limited holds 0% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 61,849 shs. Eidelman Virant Capital holds 966 shs. Blackrock invested in 0.01% or 4.97M shs. 6,998 were reported by Proshare Ltd Limited Liability Company. Buckhead Cap Limited Liability Corp owns 5,825 shs. Credit Suisse Ag reported 68,432 shs or 0% of all its holdings. Public Employees Retirement Sys Of Ohio owns 0.03% invested in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 152,950 shs.

PPBI had 3 insider sales and 1 insider purchase since February 20, 2018. This’s net activity of $4.25 million. GARDNER STEVEN R also sold $2.36M worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) on Tuesday, February 27. On Tuesday, February 20 75 shs were bought by GARRETT JOSEPH L, worth $3,176. 22,036 Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shs with value of $942,321 were sold by RICE TOM.

According to 2018Q1 Securities and Exchange form the Anton Schutz reduced its holdings in Pacific Premier Bancorp (NASDAQ:PPBI) by 52.88%. By selling 336,700 shares Mendon Capital Advisors Corp made the stock Sank with 0.74%. The major banks company announced $12.06 million value for the 2018Q1. Now the hedge fund run by Anton Schutz is holding 300,000 shares, compared to the 636,700 from the previous quarter. Mendon Capital Advisors Corp has risen its stake in Spdr S&P 500 Etf Tr (Put) (SPY) and also increased its holding in Oceanfirst Finl Corp (NASDAQ:OCFC) by 588,613 shares in the quarter, for a total of 1.09M shares.

Mendon Capital Advisors Corp is a New York-based hedge fund that was founded by Anton Schutz. It had more than $171.54 million assets under management in March, 2014. Taken from Mendon Capital Advisors latest Adv, the fund reported to have 2 full and part-time employees. Among which 2 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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

In total 4 analysts cover Pacific Premier Bancorp Inc (NASDAQ:PPBI). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. (NASDAQ:PPBI) has 75% bullish analysts. 8 are the (NASDAQ:PPBI)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Thursday, December 21 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Tuesday, February 6 the rating was maintained by Stephens with “Hold”. In Tuesday, February 13 report Sandler O’Neill maintained it with “Buy” rating and $47.0 target. On Tuesday, January 30 Keefe Bruyette & Woods maintained Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) rating. Keefe Bruyette & Woods has “Buy” rating and $48.0 target. On Tuesday, December 12 the firm earned “Buy” rating by Keefe Bruyette & Woods. On Friday, February 16 the stock has “Hold” rating by Stephens. On Tuesday, February 13 Piper Jaffray maintained Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) rating. Piper Jaffray has “Buy” rating and $55.0 target. On Monday, February 12 Keefe Bruyette & Woods maintained Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) rating. Keefe Bruyette & Woods has “Buy” rating and $51.0 target.

Pacific Premier Bancorp, Inc. operates as the bank holding firm for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations.The firm is worth $1.94 billion. The Company’s deposit products include checking, money market, and savings accounts.The P/E ratio is 26.73. The companyÂ’s loan portfolio comprises commercial business loans, lines of credit, U.S. small business administration loans, warehouse credit facilities, commercial real estate loans, residential home loans, construction loans, and consumer loans, as well as banking products for homeowners associations and franchise lending.

Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Institutional Investors Chart

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