Pacific Continental Corporation (Ore) (NASDAQ:PCBK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “PACIFIC CONTINENTAL is a one-bank holding company. Their principal business activities are conducted through their full- service commercial bank subsidiary, PacificContinental Bank. The Bank is engaged in general commercial banking, with emphasis on lending to small and medium-sized businesses and construction lending for commercial facilities and single family residences. The Bank provides a range of financial services tailored to the needs of the community. “

A number of other analysts have also issued reports on PCBK. BidaskClub lowered Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine raised Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Pacific Continental Corporation (Ore) has a consensus rating of “Hold” and a consensus price target of $27.00.

Pacific Continental Corporation (NASDAQ:PCBK) traded up 0.21% on Friday, hitting $24.30. The stock had a trading volume of 308,754 shares. The company’s 50 day moving average is $24.08 and its 200 day moving average is $24.62. Pacific Continental Corporation has a 12-month low of $16.00 and a 12-month high of $26.85. The firm has a market cap of $553.36 million, a PE ratio of 21.39 and a beta of 0.77.

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A number of institutional investors have recently made changes to their positions in PCBK. Chicago Capital Management LLC increased its holdings in Pacific Continental Corporation (Ore) by 285.0% in the second quarter. Chicago Capital Management LLC now owns 844,803 shares of the financial services provider’s stock valued at $21,585,000 after buying an additional 625,393 shares during the last quarter. Morgan Stanley increased its holdings in Pacific Continental Corporation (Ore) by 574.0% in the first quarter. Morgan Stanley now owns 631,506 shares of the financial services provider’s stock valued at $15,473,000 after buying an additional 537,809 shares during the last quarter. Vivaldi Asset Management LLC bought a new stake in Pacific Continental Corporation (Ore) in the first quarter valued at about $7,933,000. Goldman Sachs Group Inc. bought a new stake in Pacific Continental Corporation (Ore) in the first quarter valued at about $6,900,000. Finally, Yakira Capital Management Inc. bought a new stake in Pacific Continental Corporation (Ore) in the first quarter valued at about $4,278,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

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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