Alliancebernstein L.P. increased its stake in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 30.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,830 shares of the financial services provider’s stock after buying an additional 5,600 shares during the period. Alliancebernstein L.P. owned 0.11% of Pacific Continental Corporation (Ore) worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Exane Asset Management purchased a new stake in shares of Pacific Continental Corporation (Ore) in the 2nd quarter worth approximately $179,000. Paloma Partners Management Co purchased a new stake in shares of Pacific Continental Corporation (Ore) in the 1st quarter worth approximately $233,000. Barings LLC purchased a new stake in shares of Pacific Continental Corporation (Ore) in the 1st quarter worth approximately $265,000. Wellington Management Group LLP purchased a new stake in shares of Pacific Continental Corporation (Ore) in the 1st quarter worth approximately $274,000. Finally, American International Group Inc. grew its stake in shares of Pacific Continental Corporation (Ore) by 14.1% in the 1st quarter. American International Group Inc. now owns 12,525 shares of the financial services provider’s stock worth $307,000 after buying an additional 1,551 shares during the last quarter. Institutional investors own 67.49% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 23rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, October 20th. Pacific Continental Corporation (Ore)’s payout ratio is 38.94%.

Several research firms recently weighed in on PCBK. Zacks Investment Research downgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. BidaskClub downgraded Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine downgraded Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. One equities research 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. The company currently has an average rating of “Hold” and a consensus target price of $28.00.

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Pacific Continental Corporation (Ore) 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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