First Trust Advisors LP Has $1.02 Million Stake in Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

First Trust Advisors LP boosted its stake in shares of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,731 shares of the financial services provider’s stock after buying an additional 3,592 shares during the period. First Trust Advisors LP owned approximately 0.18% of Pacific Continental Corporation (Ore) worth $1,022,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Pacific Continental Corporation (Ore) during the first quarter valued at approximately $609,000. Ferguson Wellman Capital Management Inc. purchased a new position in Pacific Continental Corporation (Ore) during the first quarter valued at approximately $205,000. Nationwide Fund Advisors increased its position in Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Nationwide Fund Advisors now owns 15,232 shares of the financial services provider’s stock valued at $373,000 after buying an additional 57 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in Pacific Continental Corporation (Ore) by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 53,075 shares of the financial services provider’s stock valued at $1,300,000 after buying an additional 197 shares during the last quarter. Finally, Chicago Capital Management LLC purchased a new position in Pacific Continental Corporation (Ore) during the first quarter valued at approximately $5,376,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

Pacific Continental Corporation (NASDAQ PCBK) traded down 1.17% during midday trading on Friday, hitting $25.30. The company’s stock had a trading volume of 172,281 shares. Pacific Continental Corporation has a 12 month low of $14.35 and a 12 month high of $26.85. The firm has a market cap of $573.48 million, a P/E ratio of 26.16 and a beta of 0.75. The company’s 50 day moving average price is $24.85 and its 200 day moving average price is $24.40.

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $26.33 million for the quarter, compared to analysts’ expectations of $26.87 million. Pacific Continental Corporation (Ore) had a return on equity of 8.55% and a net margin of 19.98%. Analysts expect that Pacific Continental Corporation will post $1.30 EPS for the current year.

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Several research firms recently commented on PCBK. Zacks Investment Research downgraded Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods set a $28.00 price objective on Pacific Continental Corporation (Ore) and gave the company a “hold” rating in a research note on Tuesday, April 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Pacific Continental Corporation (Ore) presently has a consensus rating of “Hold” and a consensus target price 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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