Vanguard Group Inc. increased its position in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 958,296 shares of the financial services provider’s stock after purchasing an additional 98,170 shares during the period. Vanguard Group Inc. owned about 4.23% of Pacific Continental Corporation (Ore) worth $24,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Pacific Continental Corporation (Ore) by 1.4% during the second quarter. Wells Fargo & Company MN now owns 14,042 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 197 shares during the period. TD Asset Management Inc. increased its position in shares of Pacific Continental Corporation (Ore) by 3.8% during the second quarter. TD Asset Management Inc. now owns 13,502 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 500 shares during the period. Teachers Advisors LLC increased its position in shares of Pacific Continental Corporation (Ore) by 2.9% during the first quarter. Teachers Advisors LLC now owns 34,855 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 966 shares during the period. Bank of New York Mellon Corp increased its position in shares of Pacific Continental Corporation (Ore) by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 149,522 shares of the financial services provider’s stock valued at $3,821,000 after purchasing an additional 1,386 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Pacific Continental Corporation (Ore) by 1.6% during the first quarter. California Public Employees Retirement System now owns 89,800 shares of the financial services provider’s stock valued at $2,200,000 after purchasing an additional 1,400 shares during the period. Institutional investors and hedge funds own 67.49% of the company’s stock.

Shares of Pacific Continental Corporation (NASDAQ PCBK) opened at $28.00 on Tuesday. Pacific Continental Corporation has a 1 year low of $16.00 and a 1 year high of $28.85. The firm has a market capitalization of $637.63, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.94 and a quick ratio of 0.94.

The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Monday, October 23rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, October 20th. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is 38.94%.

PCBK has been the topic of a number of research reports. ValuEngine upgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub cut Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Pacific Continental Corporation (Ore) presently has an average rating of “Hold” and an average target price of $28.00.

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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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