Pacific Continental Corp. (PCBK) Shares Up 2.2%
Pacific Continental Corp. (NASDAQ:PCBK) shares shot up 2.2% on Thursday . The company traded as high as $16.50 and last traded at $16.50, with a volume of 62,718 shares trading hands. The stock had previously closed at $16.14.
A number of research firms have recently weighed in on PCBK. DA Davidson reissued a “buy” rating and set a $20.00 target price on shares of Pacific Continental Corp. in a research report on Tuesday. Zacks Investment Research downgraded shares of Pacific Continental Corp. 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 Corp. from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Friday, May 13th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.50.
The company has a 50-day moving average of $15.54 and a 200-day moving average of $15.93. The firm has a market capitalization of $325.56 million and a P/E ratio of 17.12.
Pacific Continental Corp. (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 consensus estimate of $0.28 by $0.15. On average, analysts predict that Pacific Continental Corp. will post $0.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.44 annualized dividend and a yield of 2.67%.
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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