AlphaOne Investment Services LLC boosted its holdings in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,690 shares of the financial services provider’s stock after purchasing an additional 4,692 shares during the quarter. AlphaOne Investment Services LLC owned approximately 0.44% of Pacific Continental Corporation (Ore) worth $2,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Exane Asset Management acquired a new position in Pacific Continental Corporation (Ore) in the second quarter valued at $179,000. Paloma Partners Management Co acquired a new position in Pacific Continental Corporation (Ore) in the first quarter valued at $233,000. Barings LLC acquired a new position in Pacific Continental Corporation (Ore) in the first quarter valued at $265,000. Wellington Management Group LLP acquired a new stake in Pacific Continental Corporation (Ore) during the first quarter worth about $274,000. Finally, American International Group Inc. increased its stake in Pacific Continental Corporation (Ore) by 14.1% during the first quarter. American International Group Inc. now owns 12,525 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 1,551 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

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PCBK has been the subject of several research analyst reports. ValuEngine upgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, BidaskClub lowered Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.00.

Shares of Pacific Continental Corporation (NASDAQ:PCBK) traded up 0.60% during midday trading on Thursday, reaching $25.35. The company’s stock had a trading volume of 16,363 shares. The stock has a market capitalization of $577.27 million, a PE ratio of 22.32 and a beta of 0.77. The stock has a 50-day moving average price of $24.06 and a 200 day moving average price of $24.60. Pacific Continental Corporation has a 52 week low of $16.00 and a 52 week high of $26.85.

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

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