Gamco Investors INC. ET AL cut its stake in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,500 shares of the financial services provider’s stock after selling 1,175 shares during the period. Gamco Investors INC. ET AL owned about 0.12% of Pacific Continental Corporation (Ore) worth $677,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC raised its position in Pacific Continental Corporation (Ore) by 112.9% in the second quarter. Virtu Financial LLC now owns 52,919 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 28,058 shares during the last quarter. Wellington Management Group LLP bought a new stake in Pacific Continental Corporation (Ore) during the first quarter valued at $274,000. UBS Group AG increased its stake in Pacific Continental Corporation (Ore) by 25.6% in the first quarter. UBS Group AG now owns 29,729 shares of the financial services provider’s stock valued at $728,000 after buying an additional 6,061 shares during the period. Exane Asset Management bought a new stake in Pacific Continental Corporation (Ore) during the second quarter valued at $179,000. Finally, JPMorgan Chase & Co. increased its stake in Pacific Continental Corporation (Ore) by 76.0% in the first quarter. JPMorgan Chase & Co. now owns 341,260 shares of the financial services provider’s stock valued at $8,360,000 after buying an additional 147,339 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Shares of Pacific Continental Corporation (NASDAQ:PCBK) opened at 23.85 on Wednesday. The firm has a 50-day moving average of $24.72 and a 200 day moving average of $24.77. Pacific Continental Corporation has a 1-year low of $16.00 and a 1-year high of $26.85. The company has a market capitalization of $543.11 million, a P/E ratio of 20.99 and a beta of 0.74.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 28th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Wednesday, July 26th. Pacific Continental Corporation (Ore)’s payout ratio is 38.94%.

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PCBK has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub downgraded shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.00.

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.

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Institutional Ownership by Quarter for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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