Pacific Continental Co. (PCBK) Sees Strong Trading Volume
Pacific Continental Co. (NASDAQ:PCBK) saw an uptick in trading volume on Wednesday . 120,339 shares were traded during mid-day trading, an increase of 135% from the previous session’s volume of 51,155 shares.The stock last traded at $16.14 and had previously closed at $16.10.
Several equities research analysts have recently weighed in on PCBK shares. DA Davidson reaffirmed a “buy” rating and issued a $20.00 price target on shares of Pacific Continental in a research report on Tuesday. Zacks Investment Research cut shares of Pacific Continental from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. Finally, Raymond James Financial Inc. raised shares of Pacific Continental from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Friday, May 13th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.50.
The firm has a 50 day moving average of $15.51 and a 200 day moving average of $15.93. The firm has a market capitalization of $318.46 million and a PE ratio of 16.74.
Pacific Continental (NASDAQ:PCBK) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.15. Equities analysts expect that Pacific Continental Co. will post $0.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 2nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, July 29th.
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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