Pacific Continental Corporation (Ore) (PCBK) Holdings Raised by Teachers Advisors LLC

Teachers Advisors LLC grew its position in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,980 shares of the financial services provider’s stock after buying an additional 4,125 shares during the quarter. Teachers Advisors LLC owned approximately 0.17% of Pacific Continental Corporation (Ore) worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of Pacific Continental Corporation (Ore) by 30.7% during the 2nd quarter. Alliancebernstein L.P. now owns 23,830 shares of the financial services provider’s stock valued at $609,000 after buying an additional 5,600 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Pacific Continental Corporation (Ore) by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 14,042 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 197 shares during the last quarter. Vivaldi Capital Management LLC lifted its holdings in Pacific Continental Corporation (Ore) by 23.3% in the 2nd quarter. Vivaldi Capital Management LLC now owns 46,699 shares of the financial services provider’s stock worth $1,193,159,000 after purchasing an additional 8,830 shares during the last quarter. Vivaldi Asset Management LLC lifted its holdings in Pacific Continental Corporation (Ore) by 26.2% in the 2nd quarter. Vivaldi Asset Management LLC now owns 408,626 shares of the financial services provider’s stock worth $10,440,000 after purchasing an additional 84,836 shares during the last quarter. Finally, Swiss National Bank bought a new position in Pacific Continental Corporation (Ore) in the 2nd quarter worth approximately $917,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

Several research analysts have commented on the company. ValuEngine downgraded Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub cut Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Pacific Continental Corporation (Ore) presently has an average rating of “Hold” and a consensus price target of $28.00.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/pacific-continental-corporation-ore-pcbk-holdings-increased-by-teachers-advisors-llc.html.

Pacific Continental Corporation (NASDAQ:PCBK) traded up $0.35 during trading on Friday, reaching $28.00. The company’s stock had a trading volume of 147,100 shares, compared to its average volume of 167,408. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. Pacific Continental Corporation has a one year low of $16.00 and a one year high of $28.85. The firm has a market capitalization of $637.63, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.17 and a beta of 0.80.

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, October 23rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, October 20th. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is presently 38.94%.

Pacific Continental Corporation (Ore) 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.

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

Receive News & Ratings for Pacific Continental Corporation (Ore) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Continental Corporation (Ore) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply