Brighton Jones LLC purchased a new position in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,657 shares of the financial services provider’s stock, valued at approximately $323,000. Brighton Jones LLC owned about 0.06% of Pacific Continental Corporation (Ore) at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PCBK. Teachers Advisors LLC raised its position in shares of Pacific Continental Corporation (Ore) by 12.3% in the fourth quarter. Teachers Advisors LLC now owns 33,889 shares of the financial services provider’s stock worth $740,000 after buying an additional 3,715 shares during the period. Nationwide Fund Advisors raised its position 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 valued at $373,000 after buying an additional 57 shares during the last quarter. First Trust Advisors LP raised its position in Pacific Continental Corporation (Ore) by 9.4% in the first quarter. First Trust Advisors LP now owns 41,731 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 3,592 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Pacific Continental Corporation (Ore) during the first quarter valued at $678,000. Finally, Gabelli Funds LLC acquired a new position in Pacific Continental Corporation (Ore) during the first quarter valued at $2,974,000. Institutional investors own 67.37% of the company’s stock.

Pacific Continental Corporation (PCBK) opened at 23.65 on Tuesday. The firm has a market cap of $538.56 million, a price-to-earnings ratio of 20.82 and a beta of 0.74. The company’s 50 day moving average is $24.72 and its 200 day moving average is $24.77. Pacific Continental Corporation has a 12-month low of $16.00 and a 12-month high of $26.85.

The company also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. Pacific Continental Corporation (Ore)’s payout ratio is 38.94%.

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Several equities analysts recently weighed in on PCBK shares. Zacks Investment Research lowered shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BidaskClub lowered shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

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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