Shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $28.00.

A number of equities research analysts have issued reports on the company. BidaskClub downgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, ValuEngine raised Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of Pacific Continental Corporation (PCBK) traded up 1.72% during trading on Friday, reaching $27.20. The company had a trading volume of 146,515 shares. Pacific Continental Corporation has a 52 week low of $16.00 and a 52 week high of $27.50. The firm has a market capitalization of $619.40 million, a price-to-earnings ratio of 23.94 and a beta of 0.80. The firm has a 50-day moving average of $25.70 and a 200 day moving average of $24.98.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Monday, October 23rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, October 20th. Pacific Continental Corporation (Ore)’s payout ratio is 38.94%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Exane Asset Management purchased a new stake in shares of Pacific Continental Corporation (Ore) in the second quarter worth about $179,000. Voya Investment Management LLC purchased a new stake in shares of Pacific Continental Corporation (Ore) in the second quarter worth about $230,000. Paloma Partners Management Co purchased a new stake in shares of Pacific Continental Corporation (Ore) in the first quarter worth about $233,000. Barings LLC purchased a new stake in shares of Pacific Continental Corporation (Ore) in the first quarter worth about $265,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Pacific Continental Corporation (Ore) in the first quarter worth about $274,000. 67.37% of the stock is owned by institutional investors.

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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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