Pacific Continental Corp. PT Raised to $15.00 (PCBK)
Equities research analysts at Wunderlich increased their price objective on shares of Pacific Continental Corp. (NASDAQ:PCBK) from $13.00 to $15.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Wunderlich’s price target indicates a potential upside of 8.85% from the company’s current price.
A number of other firms have also recently commented on PCBK. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Pacific Continental Corp. from $14.00 to $15.00 in a research note to investors on Friday, October 18th. They now have an “outperform” rating on the stock. Analysts at DA Davidson raised their price target on shares of Pacific Continental Corp. from $15.00 to $15.50 in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.01.
Pacific Continental Corp. (NASDAQ:PCBK) traded up 0.51% during mid-day trading on Thursday, hitting $13.85. 1,215 shares of the company’s stock traded hands. Pacific Continental Corp. has a 52-week low of $8.87 and a 52-week high of $13.70. The stock’s 50-day moving average is $13.28 and its 200-day moving average is $12.33. The company has a market cap of $247.7 million and a price-to-earnings ratio of 18.62.
Pacific Continental Corp. (NASDAQ:PCBK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. During the same quarter last 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 declared a quarterly dividend, which is scheduled for Tuesday, November 12th. Stockholders of record on Monday, October 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, October 24th. This is a boost from Pacific Continental Corp.’s previous quarterly dividend of $0.09.
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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