Naples Global Advisors LLC Continues to Hold Stake in Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

Naples Global Advisors LLC held its position in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,317 shares of the financial services provider’s stock at the end of the second quarter. Naples Global Advisors LLC owned approximately 0.10% of Pacific Continental Corporation (Ore) worth $570,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Exane Asset Management bought a new stake in Pacific Continental Corporation (Ore) during the second quarter valued at approximately $179,000. Chicago Capital Management LLC raised its stake in shares of 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 raised its stake in shares of 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. purchased a new position in Pacific Continental Corporation (Ore) during the first quarter valued at $6,900,000. Finally, Barings LLC purchased a new position in Pacific Continental Corporation (Ore) during the first quarter valued at $265,000. 72.33% of the stock is currently owned by institutional investors.

Shares of Pacific Continental Corporation (NASDAQ PCBK) opened at 24.10 on Thursday. The firm has a market capitalization of $548.81 million, a PE ratio of 21.21 and a beta of 0.74. The stock’s 50 day moving average is $25.11 and its 200 day moving average is $24.83. Pacific Continental Corporation has a 52-week low of $15.40 and a 52-week high of $26.85.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Shareholders 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 1.83%. The ex-dividend date of this dividend was Wednesday, July 26th. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is currently 46.32%.

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Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BidaskClub downgraded shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Pacific Continental Corporation (Ore) presently has a consensus rating of “Hold” and an average 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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