Shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of brokerages have recently weighed in on PCBK. Zacks Investment Research upgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, April 12th. BidaskClub lowered Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.

A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Pacific Continental Corporation (Ore) by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 149,522 shares of the financial services provider’s stock worth $3,821,000 after buying an additional 1,386 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Pacific Continental Corporation (Ore) during the second quarter worth approximately $611,000. Wedge Capital Management L L P NC raised its stake in shares of Pacific Continental Corporation (Ore) by 2.6% in the second quarter. Wedge Capital Management L L P NC now owns 439,720 shares of the financial services provider’s stock worth $11,235,000 after buying an additional 11,066 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Pacific Continental Corporation (Ore) by 3.8% in the second quarter. TD Asset Management Inc. now owns 13,502 shares of the financial services provider’s stock worth $345,000 after buying an additional 500 shares during the last quarter. Finally, Exane Asset Management purchased a new stake in shares of Pacific Continental Corporation (Ore) during the second quarter worth approximately $179,000. Hedge funds and other institutional investors own 72.17% of the company’s stock.

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Pacific Continental Corporation (NASDAQ:PCBK) traded up 0.80% during trading on Tuesday, hitting $25.05. 79,702 shares of the stock traded hands. The stock has a market cap of $567.81 million, a PE ratio of 25.90 and a beta of 0.74. The company has a 50-day moving average price of $25.37 and a 200 day moving average price of $24.93. Pacific Continental Corporation has a one year low of $14.67 and a one year high of $26.85.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.77%. Pacific Continental Corporation (Ore)’s payout ratio is 46.32%.

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.

Analyst Recommendations for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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