Wells Fargo & Company MN increased its position in Pacific Continental Co. (NASDAQ:PCBK) by 65.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,182 shares of the financial services provider’s stock after purchasing an additional 9,140 shares during the period. Wells Fargo & Company MN owned 1,018.09% of Pacific Continental worth $625,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PCBK. Bank of New York Mellon Corp lifted its holdings in shares of Pacific Continental by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,522 shares of the financial services provider’s stock valued at $3,821,000 after purchasing an additional 1,386 shares during the last quarter. Swiss National Bank purchased a new stake in shares of Pacific Continental in the 2nd quarter valued at about $917,000. Alliancebernstein L.P. lifted its holdings in shares of Pacific Continental by 30.7% in the 2nd quarter. Alliancebernstein L.P. now owns 23,830 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 5,600 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Pacific Continental by 11.8% in the 2nd quarter. Teachers Advisors LLC now owns 38,980 shares of the financial services provider’s stock valued at $996,000 after purchasing an additional 4,125 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Pacific Continental by 8.8% in the 2nd quarter. Northern Trust Corp now owns 273,905 shares of the financial services provider’s stock valued at $6,999,000 after purchasing an additional 22,227 shares during the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded Pacific Continental from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Pacific Continental has an average rating of “Hold” and an average target price of $28.00.

Pacific Continental Co. (PCBK) opened at $28.00 on Wednesday. The stock has a market capitalization of $637.63, a PE ratio of 24.78, a P/E/G ratio of 2.17 and a beta of 0.80. Pacific Continental Co. has a 52-week low of $16.00 and a 52-week high of $28.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.94 and a quick ratio of 0.94.

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Pacific Continental 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 (NASDAQ:PCBK)

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