Pacific Continental Corporation (Ore) (NASDAQ:PCBK) has received an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $28.00.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 12th. Keefe, Bruyette & Woods set a $28.00 price target on shares of Pacific Continental Corporation (Ore) and gave the stock a “hold” rating in a research note on Tuesday, April 4th.

Institutional investors have recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new position in Pacific Continental Corporation (Ore) during the first quarter worth approximately $205,000. Menta Capital LLC bought a new position in Pacific Continental Corporation (Ore) during the fourth quarter worth approximately $228,000. Paloma Partners Management Co bought a new position in Pacific Continental Corporation (Ore) during the first quarter worth approximately $233,000. Barings LLC bought a new position in Pacific Continental Corporation (Ore) during the first quarter worth approximately $265,000. Finally, Wellington Management Group LLP bought a new position in Pacific Continental Corporation (Ore) during the first quarter worth approximately $274,000. 69.26% of the stock is owned by institutional investors and hedge funds.

Shares of Pacific Continental Corporation (PCBK) traded down 0.39% during trading on Monday, reaching $25.55. 67,151 shares of the company traded hands. The firm’s 50-day moving average is $24.89 and its 200-day moving average is $24.07. The stock has a market capitalization of $579.14 million, a PE ratio of 26.42 and a beta of 0.72. Pacific Continental Corporation has a 12-month low of $14.35 and a 12-month high of $26.85.

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. Pacific Continental Corporation (Ore) had a return on equity of 8.55% and a net margin of 19.98%. The company had revenue of $26.33 million during the quarter, compared to analysts’ expectations of $26.87 million. On average, equities analysts predict that Pacific Continental Corporation will post $1.30 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. Pacific Continental Corporation (Ore)’s dividend payout ratio is presently 46.32%.

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Pacific Continental Corporation (Ore) Company Profile

Pacific Continental Corporation is a bank holding company. The Company’s principal business activities are conducted through its subsidiary, Pacific Continental Bank (the Bank), an Oregon state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation. The Bank operates in three primary markets: Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington.

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