Wedge Capital Management L L P NC cut its stake in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415,397 shares of the financial services provider’s stock after selling 24,323 shares during the quarter. Wedge Capital Management L L P NC owned about 1.82% of Pacific Continental Corporation (Ore) worth $11,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Pacific Continental Corporation (Ore) by 11.4% during the 2nd quarter. Vanguard Group Inc. now owns 958,296 shares of the financial services provider’s stock worth $24,485,000 after purchasing an additional 98,170 shares during the period. CNH Partners LLC grew its holdings in shares of Pacific Continental Corporation (Ore) by 9.7% during the 2nd quarter. CNH Partners LLC now owns 942,191 shares of the financial services provider’s stock worth $24,073,000 after purchasing an additional 83,562 shares during the period. Chicago Capital Management LLC grew its holdings in shares of Pacific Continental Corporation (Ore) by 285.0% during the 2nd quarter. Chicago Capital Management LLC now owns 844,803 shares of the financial services provider’s stock worth $21,585,000 after purchasing an additional 625,393 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Pacific Continental Corporation (Ore) by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 785,119 shares of the financial services provider’s stock worth $19,235,000 after purchasing an additional 7,870 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Pacific Continental Corporation (Ore) by 574.0% during the 1st quarter. Morgan Stanley now owns 631,506 shares of the financial services provider’s stock worth $15,473,000 after purchasing an additional 537,809 shares during the period. 67.49% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.00.

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Pacific Continental Corporation (NASDAQ PCBK) opened at $28.00 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $637.63, a PE ratio of 24.78, a P/E/G ratio of 2.17 and a beta of 0.80. Pacific Continental Corporation has a twelve month low of $16.00 and a twelve month high of $28.85.

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

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.

Institutional Ownership by Quarter for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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