Pacific Continental Corp. Plans Quarterly Dividend of $0.10 (PCBK)
Pacific Continental Corp. (NASDAQ:PCBK) announced a quarterly dividend on Wednesday, January 22nd, Analyst Ratings Network reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.10 per share on Friday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.58%.
On a related note, analysts at Wunderlich raised their price target on shares of Pacific Continental Corp. from $13.00 to $15.00 in a research note to investors on Thursday, October 31st. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.01.
Pacific Continental Corp. (NASDAQ:PCBK) traded down 0.90% during mid-day trading on Wednesday, hitting $15.49. 37,178 shares of the company’s stock traded hands. Pacific Continental Corp. has a 52-week low of $9.86 and a 52-week high of $16.28. The stock has a 50-day moving average of $15.36 and a 200-day moving average of $13.75. The company has a market cap of $277.1 million and a P/E ratio of 21.12.
Pacific Continental Corp. (NASDAQ:PCBK) last released its earnings data on Wednesday, January 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. Analysts expect that Pacific Continental Corp. will post $0.78 EPS 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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