Equities research analysts expect that Pacific Continental Corporation (Ore) (NASDAQ:PCBK) will report $27.60 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Pacific Continental Corporation (Ore)’s earnings. The lowest sales estimate is $27.40 million and the highest is $27.80 million. Pacific Continental Corporation (Ore) reported sales of $22.69 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.6%. The business is scheduled to issue its next earnings results on Wednesday, November 8th.

On average, analysts expect that Pacific Continental Corporation (Ore) will report full-year sales of $27.60 million for the current fiscal year, with estimates ranging from $108.30 million to $109.50 million. For the next financial year, analysts anticipate that the firm will report sales of $116.95 million per share, with estimates ranging from $115.20 million to $118.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Pacific Continental Corporation (Ore).

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BidaskClub downgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.00.

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Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of Pacific Continental Corporation (Ore) by 1.4% during the second quarter. Wells Fargo & Company MN now owns 14,042 shares of the financial services provider’s stock valued at $359,000 after buying an additional 197 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Pacific Continental Corporation (Ore) by 3.8% during the second quarter. TD Asset Management Inc. now owns 13,502 shares of the financial services provider’s stock valued at $345,000 after buying an additional 500 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Pacific Continental Corporation (Ore) by 2.9% during 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 during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Pacific Continental Corporation (Ore) by 13.6% during the second quarter. Parametric Portfolio Associates LLC now owns 11,244 shares of the financial services provider’s stock valued at $287,000 after buying an additional 1,348 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Pacific Continental Corporation (Ore) by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 149,522 shares of the financial services provider’s stock valued at $3,821,000 after buying an additional 1,386 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 23rd were given a dividend of $0.11 per share. The ex-dividend date was Friday, October 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.57%. Pacific Continental Corporation (Ore)’s payout ratio is 38.94%.

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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