Pacific Continental Corp. (PCBK) Shares Gap Up to $15.38
Pacific Continental Corp. (NASDAQ:PCBK) gapped up prior to trading 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 trading hands.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Pacific Continental Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, May 11th. Raymond James Financial Inc. raised shares of Pacific Continental Corp. from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Friday, May 13th.
The stock has a market capitalization of $300.70 million and a P/E ratio of 15.81. The company’s 50-day moving average price is $15.44 and its 200 day moving average price is $15.90.
Pacific Continental Corp. (NASDAQ:PCBK) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.15. On average, analysts expect that Pacific Continental Corp. will post $0.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Tuesday, August 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, July 29th.
A hedge fund recently raised its stake in Pacific Continental Corp. stock. Dimensional Fund Advisors LP increased its stake in Pacific Continental Corp. (NASDAQ:PCBK) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 3.44% of Pacific Continental Corp. worth $10,032,000 as of its most recent SEC filing.
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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