Mengis Capital Management Inc. cut its stake in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 46,482 shares of the financial services provider’s stock after selling 150 shares during the period. Mengis Capital Management Inc.’s holdings in Pacific Continental Corporation (Ore) were worth $1,187,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PCBK. Gamco Investors INC. ET AL bought a new position in shares of Pacific Continental Corporation (Ore) during the first quarter valued at about $678,000. Virtu Financial LLC boosted its position in shares of Pacific Continental Corporation (Ore) by 112.9% in the second quarter. Virtu Financial LLC now owns 52,919 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 28,058 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Pacific Continental Corporation (Ore) by 76.0% in the first quarter. JPMorgan Chase & Co. now owns 341,260 shares of the financial services provider’s stock valued at $8,360,000 after buying an additional 147,339 shares during the period. Ferguson Wellman Capital Management Inc. bought a new position in shares of Pacific Continental Corporation (Ore) during the first quarter valued at about $205,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Pacific Continental Corporation (Ore) during the first quarter valued at about $3,842,000. 72.17% of the stock is owned by institutional investors and hedge funds.

Shares of Pacific Continental Corporation (NASDAQ PCBK) opened at 24.85 on Wednesday. The stock has a market capitalization of $563.27 million, a price-to-earnings ratio of 25.70 and a beta of 0.74. Pacific Continental Corporation has a 1-year low of $15.16 and a 1-year high of $26.85. The firm’s 50-day moving average price is $25.28 and its 200 day moving average price is $24.93.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.77%. Pacific Continental Corporation (Ore)’s payout ratio is 46.32%.

COPYRIGHT VIOLATION NOTICE: “Mengis Capital Management Inc. Has $1.19 Million Position in Pacific Continental Corporation (Ore) (PCBK)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/mengis-capital-management-inc-has-1-19-million-position-in-pacific-continental-corporation-ore-pcbk.html.

Several equities analysts have recently issued reports on PCBK shares. Zacks Investment Research cut Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub cut Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Pacific Continental Corporation (Ore) currently has an average rating of “Hold” and a consensus target price of $24.67.

Pacific Continental Corporation (Ore) Company Profile

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. The Bank operates in three primary markets: Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington.

Want to see what other hedge funds are holding PCBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Continental Corporation (Ore) (NASDAQ:PCBK).

Institutional Ownership by Quarter for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

Receive News & Ratings for Pacific Continental Corporation (Ore) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Continental Corporation (Ore) and related companies with MarketBeat.com's FREE daily email newsletter.