Pacific Continental Corporation (Ore) (NASDAQ:PCBK) to Issue Quarterly Dividend of $0.11
Pacific Continental Corporation (Ore) (NASDAQ:PCBK) announced a quarterly dividend on Tuesday, July 18th, Wall Street Journal reports. Stockholders of record on Friday, July 28th will be given a dividend of 0.11 per share by the financial services provider on Monday, August 7th. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, July 26th.
Shares of Pacific Continental Corporation (PCBK) traded down 0.20% on Tuesday, reaching $25.15. 39,713 shares of the company were exchanged. The stock has a 50 day moving average of $24.85 and a 200-day moving average of $24.40. Pacific Continental Corporation has a 52-week low of $14.35 and a 52-week high of $26.85. The company has a market capitalization of $570.08 million, a P/E ratio of 26.01 and a beta of 0.74.
Pacific Continental Corporation (Ore) (NASDAQ:PCBK) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $26.33 million for the quarter, compared to analysts’ expectations of $26.87 million. Pacific Continental Corporation (Ore) had a return on equity of 8.55% and a net margin of 19.98%. On average, analysts predict that Pacific Continental Corporation will post $1.30 EPS for the current fiscal year.
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Several analysts have issued reports on PCBK shares. Zacks Investment Research downgraded shares of Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods set a $28.00 price target on shares of Pacific Continental Corporation (Ore) and gave the company a “hold” rating in a report on Tuesday, April 4th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Pacific Continental Corporation (Ore) currently has a consensus rating of “Hold” and an average price target of $24.67.
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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