Pacific Continental Corp. (PCBK) Shares Gap Up to $15.38
Pacific Continental Corp. (NASDAQ:PCBK) shares gapped up before the market opened on Thursday . The stock had previously closed at $15.35, but opened at $15.38. Pacific Continental Corp. shares last traded at $15.50, with a volume of 10,508 shares traded.
Several research analysts have recently commented on PCBK shares. Zacks Investment Research raised Pacific Continental Corp. from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Raymond James Financial Inc. raised Pacific Continental Corp. from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Friday, May 13th.
The stock has a 50 day moving average of $15.48 and a 200 day moving average of $15.90. The stock has a market capitalization of $304.45 million and a price-to-earnings ratio of 16.01.
Pacific Continental Corp. (NASDAQ:PCBK) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.15. On average, equities research analysts expect that Pacific Continental Corp. will post $0.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 2nd will be given a $0.11 dividend. The ex-dividend date is Friday, July 29th. This represents a $0.44 annualized dividend and a yield of 2.85%.
A hedge fund recently raised its stake in Pacific Continental Corp. stock. Dimensional Fund Advisors LP boosted its stake in Pacific Continental Corp. (NASDAQ:PCBK) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 674,175 shares of the financial services provider’s stock after buying an additional 27,292 shares during the period. Dimensional Fund Advisors LP owned 3.44% of Pacific Continental Corp. worth $10,032,000 at the end of the most recent reporting period.
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 (FDIC). The Bank operates in over three primary markets, including Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington.
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