ValuEngine upgraded shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) from a hold rating to a buy rating in a research report report published on Friday morning.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Pacific Continental Corporation (Ore) from a hold rating to a sell rating in a research report on Saturday, August 12th. BidaskClub cut Pacific Continental Corporation (Ore) from a hold rating to a sell rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $27.00.

Shares of Pacific Continental Corporation (NASDAQ PCBK) opened at 24.15 on Friday. 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 $549.94 million, a P/E ratio of 21.26 and a beta of 0.77. The stock’s 50 day moving average price is $24.48 and its 200-day moving average price is $24.74.

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The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.82%. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is 38.94%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Exane Asset Management purchased a new stake in Pacific Continental Corporation (Ore) during the 2nd quarter worth about $179,000. Voya Investment Management LLC purchased a new stake in Pacific Continental Corporation (Ore) during the 2nd quarter worth about $230,000. Paloma Partners Management Co purchased a new stake in Pacific Continental Corporation (Ore) during the 1st quarter worth about $233,000. Barings LLC purchased a new stake in Pacific Continental Corporation (Ore) during the 1st quarter worth about $265,000. Finally, Wellington Management Group LLP purchased a new stake in Pacific Continental Corporation (Ore) during the 1st quarter worth about $274,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

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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