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

May 17, 2018 - By Skott Medlock

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 improved. 51 increased stakes while 47 funds took stakes. Funds hold 39.55 million shares thus 21.14% more from 2017Q3’s 32.65 million shares. Us Comml Bank De holds 0% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 2,414 shs. Savings Bank Of America De accumulated 50,044 shs. Pennsylvania-based Sei Investments has invested 0% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Blackrock has invested 0.01% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Westfield Lp reported 0.19% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Putnam Invests Ltd Co stated it has 52,983 shs or 0% of all its holdings. Wells Fargo And Co Mn has 0% invested in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 128,283 shs. Texas Permanent School Fund reported 0.01% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). First Mercantile holds 0.07% of its capital in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) for 8,513 shs. Jennison Assoc Ltd Liability Corporation holds 21,898 shs or 0% of its capital. Voya Mngmt Limited Liability Co invested 0% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Aperio Gru Inc Ltd Liability holds 0% or 6,515 shs. Alliancebernstein L P stated it has 0% in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). Amalgamated National Bank & Trust owns 5,670 shs. Alphaone Serv Llc holds 0.01% or 516 shs.

PPBI registered $4.25 million net activity with 1 buy and 3 selling transactions since February 20, 2018. The insider GARRETT JOSEPH L bought $3,176. WILCOX EDWARD EARL also sold $946,051 worth of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) shs. RICE TOM sold 22,036 shs worth $942,321.

Anton Schutz reduced its stake by 52.88% in Pacific Premier Bancorp (NASDAQ:PPBI), according to 2018Q1 Securities and Exchange filling. By selling 336,700 shares Mendon Capital Advisors Corp made the stock Sank with 0.74%. The major banks company at the end of 2018Q1 was valued at $12.06M. It’s down from 636,700 at the end of the previous reported quarter. Now it had 300,000 shares held by the hedge fund run by Anton Schutz. Mendon Capital Advisors Corp has risen its stake in Oceanfirst Finl Corp (NASDAQ:OCFC) and also increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 98,500 shares in the quarter, for a total of 159,500 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”. 75% are bullish. 8 are the (NASDAQ:PPBI)’s analyst reports since December 12, 2017 according to StockzIntelligence Inc. On Tuesday, February 6 the firm earned “Hold” rating by Stephens. On Tuesday, February 13 the stock of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) earned “Buy” rating by Piper Jaffray. On Friday, February 16 Stephens maintained Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) rating. Stephens has “Hold” rating and $47.0 target. The stock rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, January 30. In Tuesday, December 12 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. In Tuesday, February 13 report Sandler O’Neill maintained the stock with “Buy” rating. On Thursday, December 21 the company was maintained by Keefe Bruyette & Woods. In Monday, February 12 report Keefe Bruyette & Woods maintained it with “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.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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