Pacific Continental Corp. (PCBK) Stock Price Up 2.2%
Pacific Continental Corp. (NASDAQ:PCBK) rose 2.2% during trading on Thursday . The stock traded as high as $16.50 and last traded at $16.50, with a volume of 62,718 shares. The stock had previously closed at $16.14.
PCBK has been the topic of several analyst reports. Zacks Investment Research downgraded Pacific Continental Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Raymond James Financial Inc. raised Pacific Continental Corp. from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Friday, May 13th. Finally, DA Davidson reissued a “buy” rating and issued a $20.00 target price on shares of Pacific Continental Corp. in a report on Tuesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.50.
The stock’s 50-day moving average price is $15.56 and its 200 day moving average price is $15.94. The firm has a market cap of $326.55 million and a PE ratio of 17.17.
Pacific Continental Corp. (NASDAQ:PCBK) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.15. On average, analysts predict that Pacific Continental Corp. will post $0.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date 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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