Exane Asset Management Invests $179,000 in Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

Exane Asset Management acquired a new stake in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,000 shares of the financial services provider’s stock, valued at approximately $179,000.

Several other large investors also recently modified their holdings of the company. Chicago Capital Management LLC boosted its position in Pacific Continental Corporation (Ore) by 285.0% in the second quarter. Chicago Capital Management LLC now owns 844,803 shares of the financial services provider’s stock valued at $21,585,000 after buying an additional 625,393 shares during the last quarter. Virtu Financial LLC boosted its position in Pacific Continental Corporation (Ore) by 112.9% in 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 during the last quarter. Goldman Sachs Group Inc. acquired a new position in Pacific Continental Corporation (Ore) during the first quarter valued at about $6,900,000. Barings LLC acquired a new position in Pacific Continental Corporation (Ore) during the first quarter valued at about $265,000. Finally, Paloma Partners Management Co acquired a new position in Pacific Continental Corporation (Ore) during the first quarter valued at about $233,000. 72.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Pacific Continental Corporation (NASDAQ PCBK) traded down 0.63% during midday trading on Friday, hitting $23.80. The stock had a trading volume of 207,977 shares. The firm has a market cap of $541.97 million, a PE ratio of 20.95 and a beta of 0.74. The firm has a 50-day moving average of $25.15 and a 200 day moving average of $24.88. Pacific Continental Corporation has a 12-month low of $15.20 and a 12-month high of $26.85.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, July 26th. Pacific Continental Corporation (Ore)’s payout ratio is currently 46.32%.

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A number of research analysts have recently weighed in on the company. BidaskClub lowered Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research lowered Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a research note on Saturday. 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. The company has an average rating of “Hold” and a consensus price target of $24.67.

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.

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

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