Pacific Continental Co. (PCBK) Given Average Recommendation of “Hold” by Analysts
Pacific Continental Co. (NASDAQ:PCBK) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.00.
A number of analysts recently weighed in on PCBK shares. Zacks Investment Research upgraded Pacific Continental from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine downgraded Pacific Continental from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th.
Institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can purchased a new position in Pacific Continental in the 3rd quarter worth approximately $110,000. Voya Investment Management LLC purchased a new position in shares of Pacific Continental during the second quarter valued at approximately $230,000. Parametric Portfolio Associates LLC increased its stake in shares of Pacific Continental 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 period. Citadel Advisors LLC purchased a new position in shares of Pacific Continental during the third quarter valued at approximately $338,000. Finally, Evercore Wealth Management LLC purchased a new position in shares of Pacific Continental during the third quarter valued at approximately $362,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.
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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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