Pacific Continental Corporation (Ore) (PCBK) to Issue Quarterly Dividend of $0.11

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) announced a quarterly dividend on Tuesday, July 18th, Wall Street Journal reports. Stockholders of record on Friday, July 28th will be given a dividend of 0.11 per share by the financial services provider on Monday, August 7th. This represents a $0.44 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, July 26th.

Shares of Pacific Continental Corporation (PCBK) traded down 0.63% during trading on Friday, reaching $23.80. 207,977 shares of the company traded hands. The firm’s 50 day moving average price is $25.15 and its 200-day moving average price is $24.88. Pacific Continental Corporation has a 52 week low of $15.20 and a 52 week high of $26.85. The company has a market capitalization of $541.97 million, a price-to-earnings ratio of 20.95 and a beta of 0.74.

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A number of research firms have issued reports on PCBK. Zacks Investment Research lowered shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub lowered shares of Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Pacific Continental Corporation (Ore) currently has an average rating of “Hold” and an average target price 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.

Dividend History for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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