Pacific Continental Corporation (Ore) (NASDAQ:PCBK) – Analysts at DA Davidson decreased their FY2017 earnings estimates for shares of Pacific Continental Corporation (Ore) in a research note issued to investors on Thursday. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $1.29 per share for the year, down from their prior estimate of $1.30.

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A number of other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research cut shares of Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. One 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’s stock. Pacific Continental Corporation (Ore) presently has an average rating of “Hold” and a consensus target price of $24.67.

Shares of Pacific Continental Corporation (PCBK) traded down 0.42% during midday trading on Friday, hitting $23.85. The company’s stock had a trading volume of 19,676 shares. The firm has a market cap of $543.11 million, a P/E ratio of 20.99 and a beta of 0.74. The stock’s 50 day moving average is $25.18 and its 200-day moving average is $24.89. Pacific Continental Corporation has a 52-week low of $15.20 and a 52-week high of $26.85.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Pacific Continental Corporation (Ore) by 4.1% in the fourth quarter. State Street Corp now owns 335,544 shares of the financial services provider’s stock valued at $7,330,000 after buying an additional 13,304 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Pacific Continental Corporation (Ore) by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 777,249 shares of the financial services provider’s stock valued at $16,983,000 after buying an additional 24,164 shares during the last quarter. Teachers Advisors LLC boosted its position in 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 valued at $740,000 after buying an additional 3,715 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 53,075 shares of the financial services provider’s stock valued at $1,300,000 after buying an additional 197 shares during the last quarter. Finally, Nationwide Fund Advisors boosted 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. 72.17% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were issued a $0.11 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.44 annualized dividend and a dividend yield of 1.84%. Pacific Continental Corporation (Ore)’s payout ratio is currently 46.32%.

About Pacific Continental Corporation (Ore)

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.

Earnings History and Estimates for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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