Wall Street analysts expect Pacific Continental Corporation (Ore) (NASDAQ:PCBK) to report sales of $27.43 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pacific Continental Corporation (Ore)’s earnings, with the highest sales estimate coming in at $27.60 million and the lowest estimate coming in at $27.09 million. Pacific Continental Corporation (Ore) posted sales of $20.89 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 19th.

According to Zacks, analysts expect that Pacific Continental Corporation (Ore) will report full-year sales of $27.43 million for the current fiscal year, with estimates ranging from $109.77 million to $110.70 million. For the next year, analysts expect that the business will post sales of $119.74 million per share, with estimates ranging from $117.10 million to $122.80 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Pacific Continental Corporation (Ore).

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm had revenue of $26.33 million during the quarter, compared to analyst estimates of $26.87 million. Pacific Continental Corporation (Ore) had a net margin of 19.98% and a return on equity of 8.55%.

Several equities research analysts have issued reports on PCBK shares. Keefe, Bruyette & Woods set a $28.00 price objective on shares of Pacific Continental Corporation (Ore) and gave the stock a “hold” rating in a research report on Tuesday, April 4th. Zacks Investment Research upgraded shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.67.

Pacific Continental Corporation (NASDAQ:PCBK) traded down 0.20% during trading on Friday, reaching $25.30. The company’s stock had a trading volume of 17,120 shares. The stock has a market cap of $573.48 million, a P/E ratio of 26.16 and a beta of 0.75. Pacific Continental Corporation has a 52-week low of $14.35 and a 52-week high of $26.85. The firm’s 50-day moving average is $24.85 and its 200-day moving average is $24.40.

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Several large investors have recently added to or reduced their stakes in PCBK. Nationwide Fund Advisors increased its stake in Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Nationwide Fund Advisors now owns 15,232 shares of the financial services provider’s stock worth $373,000 after buying an additional 57 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in shares of Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 53,075 shares of the financial services provider’s stock valued at $1,300,000 after buying an additional 197 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Pacific Continental Corporation (Ore) by 3.2% in the first quarter. TD Asset Management Inc. now owns 13,002 shares of the financial services provider’s stock valued at $319,000 after buying an additional 400 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Pacific Continental Corporation (Ore) by 2.9% in the first quarter. Teachers Advisors LLC now owns 34,855 shares of the financial services provider’s stock valued at $854,000 after buying an additional 966 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Pacific Continental Corporation (Ore) by 1.6% in the first quarter. California Public Employees Retirement System now owns 89,800 shares of the financial services provider’s stock valued at $2,200,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 69.26% of the company’s stock.

About Pacific Continental Corporation (Ore)

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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Earnings History and Estimates for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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