It is trading at $41.00 a tad above $37.29, the 50 day moving average and which is significantly above the 200 day moving average of $36.41. The 50 day moving average went up $3.71 or +9.94% and the 200 day average was up $4.59. (NASDAQ:PPBI) shares saw light trading volume with 2,819 shares changing hands by the end of trading on Tuesday. Volume was down 98.61% under the stocks average daily volume.
Short traders are more bullish recently if you pay attention to the fall in short interest. The company saw a fall in short interest between September 15, 2017 and September 29, 2017 of -11.60%. Short interest fell from 1,256,902 to 1,111,086 over that timeframe. With short interest at 1,111,086 and short average daily volume at 231,052, the short-interest ratio is 5.0 and the percentage of shorted shares is 0.03% as of September 29.
Pacific Premier Bancorp Inc (NASDAQ:PPBI) has been the object of insider selling activity recently. Chairman Steven R. Gardner sold 20,000 shares at a price of $34.45 on Tue the 12th. That brings the Chairman’s holdings to $8,933,815 per an SEC filing yesterday. Steven R. Gardner, Chairman disclosed the sale of 16,666 shares of (PPBI). The shares were purchased at an average price of $35.57. The Chairman now owns $10,035,720 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end Chartwell Investment Partners, LLC had acquired 36 shares growing its stake by 0.0%. The value of the investment in Pacific Premier Bancorp Inc decreased from $3,682,000 to $3,526,000 a change of $156,000 quarter to quarter. As of the end of the quarter Perkins Investment Management, LLC had sold a total of 163,593 shares trimming its position 23.1%. The value of the total investment in Pacific Premier Bancorp Inc went from $25,022,000 to $20,981,000 a change of 16.1% since the last quarter.
Fj Capital Management LLC bolstered its holdings by buying 600 shares an increase of 0.1% from 03/31/2017 to 06/30/2017. Fj Capital Management LLC currently owns 728,700 shares valued at $26,889,000. The value of the position overall is down by 4.2%. As of the end of the quarter Bank Of Montreal /can/ had sold a total of 1,241 shares trimming its holdings by 40.8%. The value in dollars decreased from $117,000 to $68,000 decreasing 41.9% for the reporting period.
The P/E ratio is currently 28.43 and market capitalization is 1.64B. In the last earnings report the EPS was $1.44 and is expected to be $1.68 for the current year with 40,055,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.51 and the next full year EPS is anticipated 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..