Pacific Continental Corp. Sets New 1-Year High at $13.75 (PCBK)
Pacific Continental Corp. (NASDAQ:PCBK) set a new 52-week high during mid-day trading on Monday, Analyst RN reports. The stock traded as high as $13.75 and last traded at $13.69, with a volume of 19,374 shares. The stock had previously closed at $13.50.
PCBK has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of Pacific Continental Corp. from $12.00 to $14.00 in a research note to investors on Monday, July 22nd. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Pacific Continental Corp. in a research note to investors on Friday, July 19th. They now have a $15.00 price target on the stock, up previously from $13.00. Finally, analysts at Sandler O’Neill downgraded shares of Pacific Continental Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.60.
Pacific Continental Corp. has a 52 week low of $8.88 and a 52 week high of $13.75. The stock’s 50-day moving average is $12.96 and its 200-day moving average is $12.08. The company has a market cap of $244.9 million and a price-to-earnings ratio of 18.99.
Pacific Continental Corp. (NASDAQ:PCBK) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. On average, analysts predict that Pacific Continental Corp. will post $0.78 earnings per share for the current fiscal year.
Pacific Continental Corporation is a bank holding company. The Company’s principal business activities are conducted through Pacific Continental Bank (NASDAQ:PCBK), an Oregon state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (FDIC).
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