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

May 17, 2018 - By Jack Shaw

During Q4 2017 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 increased. 51 rose positions while 47 funds bought positions. Funds hold 39.55 million shares thus 21.14% more from 2017Q3’s 32.65 million shares. Westfield Cap Mngmt Lp reported 621,867 shs. 6,804 are held by Brinker Capital Incorporated. Ameritas Partners Inc owns 3,441 shs. Moreover, Manufacturers Life Insurance Company The has 0.03% invested in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 636,513 shs. First Mercantile has 8,513 shs. Guggenheim Ltd Liability reported 45,042 shs stake. Polar Limited Liability Partnership accumulated 204,904 shs or 0.08% of the stock. Monarch Ptnrs Asset Mngmt Llc has invested 0.39% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). First Manhattan Comm holds 0.02% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 89,416 shs. 24,500 are owned by Sector Pension Invest Board. Victory Mgmt, a Ohio-based fund reported 733,782 shs. Kennedy Cap holds 0.21% or 295,666 shs in its capital. State Common Retirement Fund holds 0.02% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 496,483 shs. Texas Permanent School Fund reported 0.01% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Teachers Retirement Systems Of The State Of Kentucky owns 13,700 shs.

PPBI had 3 sales and 1 buy since February 20, 2018. This’s net activity of $4.25 million. $946,051 worth of stock was sold by WILCOX EDWARD EARL on Wednesday, March 7. On Tuesday, February 20 GARRETT JOSEPH L had bought 75 shs worth $3,176. RICE TOM also sold $942,321 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shs.

Based on the latest 2018Q1 regulatory filing with the SEC, Anton Schutz decreased its holdings in Pacific Premier Bancorp (NASDAQ:PPBI) by 52.88%. 336,700 shares were sold by Mendon Capital Advisors Corp as the company’s stock declined 0.74% with the market. The major banks company reported $12.06M 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. For a total of 538,083 shares it increased its holding in Independent Bk Group Inc (NASDAQ:IBTX) by 386,657 shares in the quarter, and has risen its stake in Oceanfirst Finl Corp (NASDAQ:OCFC).

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. In Tuesday, February 13 report Piper Jaffray maintained the stock with “Buy” rating. In Tuesday, December 12 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. On Tuesday, January 30 the stock of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) has “Buy” rating given by Keefe Bruyette & Woods. On Monday, February 12 the firm earned “Buy” rating by Keefe Bruyette & Woods. On Tuesday, February 13 Sandler O’Neill maintained the shares of PPBI in report with “Buy” rating. In Tuesday, February 6 report Stephens maintained it with “Hold” rating and $45.0 target. On Thursday, December 21 the firm has “Buy” rating by Keefe Bruyette & Woods given. On Friday, February 16 the rating was maintained by Stephens with “Hold”.

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.26.73 is the P/E ratio. 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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