13,448 Shares in Pacific Continental Co. (PCBK) Acquired by Evercore Wealth Management LLC
Evercore Wealth Management LLC bought a new position in shares of Pacific Continental Co. (NASDAQ:PCBK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,448 shares of the financial services provider’s stock, valued at approximately $362,000. Evercore Wealth Management LLC owned about 0.06% of Pacific Continental at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of Pacific Continental during the third quarter worth $110,000. Voya Investment Management LLC bought a new stake in shares of Pacific Continental during the second quarter worth $230,000. Parametric Portfolio Associates LLC lifted its position in shares of Pacific Continental by 13.6% during the second quarter. Parametric Portfolio Associates LLC now owns 11,244 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 1,348 shares during the last quarter. Brighton Jones LLC bought a new stake in shares of Pacific Continental during the second quarter worth $323,000. Finally, Citadel Advisors LLC bought a new stake in shares of Pacific Continental during the third quarter worth $338,000. Institutional investors and hedge funds own 67.49% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Pacific Continental from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. BidaskClub downgraded Pacific Continental from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, ValuEngine downgraded Pacific Continental from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Pacific Continental presently has an average rating of “Hold” and an average price target of $28.00.
Pacific Continental Co. (PCBK) opened at $28.00 on Tuesday. The company has a market capitalization of $637.63, a price-to-earnings ratio of 24.78, a PEG ratio of 2.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 0.94. Pacific Continental Co. has a 52 week low of $16.00 and a 52 week high of $28.85.
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Pacific Continental 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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