Pacific Continental Corp. Given New $15.50 Price Target at DA Davidson (PCBK)
Equities researchers at DA Davidson lifted their target price on shares of Pacific Continental Corp. (NASDAQ:PCBK) from $15.00 to $15.50 in a research report issued on Friday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 10.87% from the company’s current price.
Pacific Continental Corp. (NASDAQ:PCBK) traded up 3.33% on Friday, hitting $13.98. 92,493 shares of the company’s stock traded hands. Pacific Continental Corp. has a 1-year low of $8.88 and a 1-year high of $13.75. The stock’s 50-day moving average is $13.00 and its 200-day moving average is $12.10. The company has a market cap of $250.1 million and a P/E ratio of 19.03.
Pacific Continental Corp. (NASDAQ:PCBK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.01. During the same quarter in the previous year, the company posted $0.19 earnings per share. Analysts expect that Pacific Continental Corp. will post $0.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 12th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, October 24th. This is a boost from Pacific Continental Corp.’s previous quarterly dividend of $0.09.
Separately, 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.44.
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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