The Manufacturers Life Insurance Company Has $14.83 Million Holdings in Pacific Continental Corporation (Ore) (PCBK)

The Manufacturers Life Insurance Company boosted its stake in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580,310 shares of the financial services provider’s stock after buying an additional 17,022 shares during the period. The Manufacturers Life Insurance Company owned 2.55% of Pacific Continental Corporation (Ore) worth $14,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Pacific Continental Corporation (Ore) during the second quarter valued at $323,000. BSW Wealth Partners acquired a new position in shares of Pacific Continental Corporation (Ore) during the second quarter valued at $511,000. Virtu Financial LLC boosted its stake in Pacific Continental Corporation (Ore) by 112.9% during 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 in the last quarter. Vanguard Group Inc. boosted its stake in Pacific Continental Corporation (Ore) by 22.7% during the first quarter. Vanguard Group Inc. now owns 860,126 shares of the financial services provider’s stock valued at $21,073,000 after buying an additional 158,990 shares in the last quarter. Finally, UBS Group AG boosted its stake in Pacific Continental Corporation (Ore) by 25.6% during 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 in the last quarter. 67.49% of the stock is currently owned by institutional investors.

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Several brokerages recently weighed in on PCBK. ValuEngine cut Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, BidaskClub cut Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Pacific Continental Corporation (Ore) currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Pacific Continental Corporation (NASDAQ:PCBK) traded up 1.62% during trading on Friday, hitting $28.25. The company had a trading volume of 149,456 shares. Pacific Continental Corporation has a 12-month low of $16.00 and a 12-month high of $28.85. The company has a market capitalization of $643.31 million, a price-to-earnings ratio of 24.87 and a beta of 0.80. The firm has a 50-day moving average of $25.92 and a 200 day moving average of $25.06.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.56%. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is currently 38.94%.

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.

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

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