Traders are feeling more bearish on the company if you take a look at the motion in short interest. The company recorded a rise in short interest of 20.50% between August 15, 2017 and August 31, 2017. Short interest grew 306,756 over that period. Days to cover increased from 9.0 to 10.0 and the short interest percentage is 0.05% as of August 31.
There has been some selling insider activity on Pacific Premier Bancorp Inc (NASDAQ:PPBI) recently. Steven R. Gardner, Chairman disclosed the sale of 20,000 shares. The shares were sold on September 12th for a price of $34.45. Gardner now owns $8,933,815 of the stock according to the SEC filing. Steven R. Gardner, Chairman reported the sale of 16,666 shares of PPBI stock. The shares were purchased at an average price of $35.57. The Chairman now owns $10,035,720 of the stock per the Form 4 SEC filing.
Director Simone Lagomarsino disclosed the sale of 6,250 shares of (PPBI). The shares were purchased at an average price of $36.25. The Director now owns $2,693,339 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (PPBI). As of the end of the quarter Fj Capital Management LLC had acquired 600 shares growing its holdings by 0.1%. The value of the investment in PPBI went from $28,068,000 to $26,889,000 a change of $1,179,000 since the last quarter. As of quarter end Perkins Investment Management, LLC had sold a total of 163,593 shares trimming its stake by 23.1%. The value in dollars decreased from $25,022,000 to $20,981,000 decreasing 16.1% for the reporting period.
Chartwell Investment Partners, LLC bolstered its position by buying 36 shares an increase of 0.0% as of 06/30/2017. Chartwell Investment Partners, LLC currently owns 95,556 shares with a value of $3,526,000. The value of the position overall is down by 4.2%. As of quarter end Context Bh Capital Management, Lp had acquired a total of 8,768 shares growing its position 15.4%. The value of the company’s investment in Pacific Premier Bancorp Inc increased from $1,502,000 to $2,418,000 a change of 61.0% quarter over quarter.
The company is up by 0.43% percent from yesterday’s close. Company shares last traded at $35.05 barely below the 50 day moving average which is $35.34 and marginally under the 200 day moving average of $36.27. The 50 day moving average was down $-0.29 or -0.83% and the 200 day average was down $-1.22.
The P/E ratio is currently 24.31 and the market cap of the company is 1.40B. In the last earnings report the EPS was $1.44 and is projected to be $1.68 for the current year with 40,055,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.51 with next year’s EPS projected to be $2.36.
Pacific Premier Bancorp, Inc., launched on December 6, 1996, is a bank holding company. The Business’s 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 a range of loan products, such as commercial business loans, lines of credit, small business administration (SBA) loans, warehouse credit facilities, commercial real estate (CRE) loans, residential home loans, construction loans and consumer loans. The Bank primarily conducts business throughout California through a network of approximately 25 depository branches in the counties of Los Angeles, Orange, Riverside, San Bernardino and San Diego, San Luis Obispo, and Santa Barbara California. These depository branches are located in the cities Corona, Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Murrieta, Palm Desert, Palm Springs, Riverside, Redlands, San Bernardino, San Diego, Seal Beach and Tustin, Atascadero, Goleta, Morro bay, Paso Robles, Santa Barbara, Santa Maria, and Templeton. The Bank provides banking services within its focus markets in California to businesses, including the owners and employees of those businesses, professionals, real estate investors and non-profit organizations. Through its Home Owners’ Association (HOA) banking unit, the Bank provides cash management, electronic banking services and credit facilities to HOAs and HOA management companies nationwide. Through the United States Small Business Administration (SBA) lending unit, the Bank provides entrepreneurs and small business owners’ access to loans..