Wedge Capital Management L L P NC raised its stake in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 439,720 shares of the financial services provider’s stock after buying an additional 11,066 shares during the period. Wedge Capital Management L L P NC’s holdings in Pacific Continental Corporation (Ore) were worth $11,235,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PCBK. Exane Asset Management acquired a new stake in shares of Pacific Continental Corporation (Ore) during the second quarter valued at $179,000. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $205,000. Paloma Partners Management Co acquired a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $233,000. Barings LLC acquired a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $265,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $274,000. Institutional investors and hedge funds own 72.33% of the company’s stock.

Pacific Continental Corporation (NASDAQ:PCBK) opened at 24.45 on Tuesday. Pacific Continental Corporation has a 12 month low of $15.31 and a 12 month high of $26.85. The stock has a 50 day moving average of $25.15 and a 200 day moving average of $24.85. The firm has a market capitalization of $556.78 million, a PE ratio of 21.52 and a beta of 0.74.

The firm also recently announced 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. The ex-dividend date was Wednesday, July 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.80%. Pacific Continental Corporation (Ore)’s dividend payout ratio is presently 46.32%.

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PCBK has been the subject of several analyst reports. Zacks Investment Research cut shares of Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub cut 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 issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.67.

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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