Pacific Continental Corporation (Ore) (NASDAQ:PCBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

According to Zacks, “PACIFIC CONTINENTAL is a one-bank holding company. Their principal business activities are conducted through their full- service commercial bank subsidiary, PacificContinental Bank. The Bank is engaged in general commercial banking, with emphasis on lending to small and medium-sized businesses and construction lending for commercial facilities and single family residences. The Bank provides a range of financial services tailored to the needs of the community. “

Separately, BidaskClub lowered Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.67.

Shares of Pacific Continental Corporation (NASDAQ:PCBK) opened at 23.80 on Friday. The company has a market cap of $541.97 million, a PE ratio of 20.95 and a beta of 0.74. Pacific Continental Corporation has a 1-year low of $15.25 and a 1-year high of $26.85. The firm has a 50-day moving average price of $25.15 and a 200 day moving average price of $24.88.

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A number of hedge funds have recently added to or reduced their stakes in PCBK. Nationwide Fund Advisors increased its stake in Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Nationwide Fund Advisors now owns 15,232 shares of the financial services provider’s stock worth $373,000 after buying an additional 57 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 53,075 shares of the financial services provider’s stock worth $1,300,000 after buying an additional 197 shares in the last quarter. Wells Fargo & Company MN increased its stake in Pacific Continental Corporation (Ore) by 1.4% in the second quarter. Wells Fargo & Company MN now owns 14,042 shares of the financial services provider’s stock worth $359,000 after buying an additional 197 shares in the last quarter. TD Asset Management Inc. increased its stake in Pacific Continental Corporation (Ore) by 3.2% in the first quarter. TD Asset Management Inc. now owns 13,002 shares of the financial services provider’s stock worth $319,000 after buying an additional 400 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Pacific Continental Corporation (Ore) by 2.9% in the first quarter. Teachers Advisors LLC now owns 34,855 shares of the financial services provider’s stock worth $854,000 after buying an additional 966 shares in the last quarter. 72.17% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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