Pacific Continental Co. (PCBK) Given Average Recommendation of “Hold” by Analysts
Pacific Continental Co. (NASDAQ:PCBK) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. 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 company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.00.
A number of equities research analysts have recently commented on the stock. ValuEngine lowered shares of Pacific Continental from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Pacific Continental from a “sell” rating to a “hold” rating in a research report on Friday, September 15th.
Institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can acquired a new position in shares of Pacific Continental during the 3rd quarter valued at $110,000. Voya Investment Management LLC acquired a new position in shares of Pacific Continental during the 2nd quarter valued at $230,000. Parametric Portfolio Associates LLC lifted its position in shares of Pacific Continental by 13.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,244 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 1,348 shares during the period. Citadel Advisors LLC acquired a new position in shares of Pacific Continental during the 3rd quarter valued at $338,000. Finally, Brighton Jones LLC acquired a new position in shares of Pacific Continental during the 2nd quarter valued at $323,000. Institutional investors own 67.49% of the company’s stock.
Pacific Continental 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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