Pacific Continental Corporation (Ore) (PCBK) Downgraded by ValuEngine

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other equities analysts have also issued reports on PCBK. BidaskClub lowered shares of Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.00.

Shares of Pacific Continental Corporation (NASDAQ PCBK) traded up 3.15% during mid-day trading on Thursday, reaching $27.80. The company’s stock had a trading volume of 123,708 shares. The firm’s 50 day moving average is $25.92 and its 200 day moving average is $25.06. The firm has a market cap of $633.06 million, a PE ratio of 24.47 and a beta of 0.80. Pacific Continental Corporation has a one year low of $16.00 and a one year high of $27.80.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Asset Management purchased a new stake in shares of Pacific Continental Corporation (Ore) during the second quarter valued at $179,000. Voya Investment Management LLC purchased a new stake in shares of Pacific Continental Corporation (Ore) during the second quarter valued at $230,000. Paloma Partners Management Co purchased a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $233,000. Barings LLC purchased a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $265,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Pacific Continental Corporation (Ore) during the first quarter valued at $274,000. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

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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